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REGISTERED NUMBER: 10964278 (England and Wales)


















THE DATA WORKS LONDON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






THE DATA WORKS LONDON LIMITED (REGISTERED NUMBER: 10964278)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE DATA WORKS LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss R Mendoza





REGISTERED OFFICE: 5 Brayford Square
LONDON
E1 0SG





REGISTERED NUMBER: 10964278 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

THE DATA WORKS LONDON LIMITED (REGISTERED NUMBER: 10964278)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,252 1,830

CURRENT ASSETS
Debtors 5 1,689 4,120
Cash at bank 29,804 42,132
31,493 46,252
CREDITORS
Amounts falling due within one year 6 566 4,603
NET CURRENT ASSETS 30,927 41,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,179

43,479

PROVISIONS FOR LIABILITIES 7 - 348
NET ASSETS 32,179 43,131

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 32,079 43,031
SHAREHOLDERS' FUNDS 32,179 43,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE DATA WORKS LONDON LIMITED (REGISTERED NUMBER: 10964278)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





Miss R Mendoza - Director


THE DATA WORKS LONDON LIMITED (REGISTERED NUMBER: 10964278)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Data Works London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
Pension contributions paid on behalf of the director are charged against profits in the accounting period in which they are paid.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

THE DATA WORKS LONDON LIMITED (REGISTERED NUMBER: 10964278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 171 5,309 5,480
DEPRECIATION
At 1 April 2023 26 3,624 3,650
Charge for year 22 556 578
At 31 March 2024 48 4,180 4,228
NET BOOK VALUE
At 31 March 2024 123 1,129 1,252
At 31 March 2023 145 1,685 1,830

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 94 3,990
Prepayments 130 130
224 4,120

Amounts falling due after more than one year:
Deferred tax asset 1,465 -

Aggregate amounts 1,689 4,120

The deferred tax asset relates to tax losses carried forward.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 286 4,297
Accrued expenses 280 306
566 4,603

THE DATA WORKS LONDON LIMITED (REGISTERED NUMBER: 10964278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 348

Deferred
tax
£   
Balance at 1 April 2023 348
Accelerated capital allowances (348 )
Balance at 31 March 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100