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REGISTERED NUMBER: SC423054 (Scotland)















DASAN SOLUTIONS LIMITED

Financial Statements for the Year Ended 31 March 2024






DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DASAN SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D G Schofield
M D Schofield
Mrs S Schofield





REGISTERED OFFICE: 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC423054 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,256 132,491

CURRENT ASSETS
Debtors 5 4,626 29,883
Cash at bank 185 14,174
4,811 44,057
CREDITORS
Amounts falling due within one year 6 49,888 61,616
NET CURRENT LIABILITIES (45,077 ) (17,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,179

114,932

CREDITORS
Amounts falling due after more than one
year

7

(42,822

)

(58,619

)

PROVISIONS FOR LIABILITIES (19,809 ) (23,023 )
NET ASSETS 6,548 33,290

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 6,048 32,790
SHAREHOLDERS' FUNDS 6,548 33,290

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 directors acknowledge their 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.

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Balance Sheet - 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





D G Schofield - Director


DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dasan Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% depreciation on cost
Fixtures and fittings - 20% depreciation on cost
Motor vehicles - 20% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 10,000 305,533 1,490
Additions - 14,450 -
Disposals - (23,242 ) -
At 31 March 2024 10,000 296,741 1,490
DEPRECIATION
At 1 April 2023 - 216,624 455
Charge for year - 20,342 149
Eliminated on disposal - (16,438 ) -
At 31 March 2024 - 220,528 604
NET BOOK VALUE
At 31 March 2024 10,000 76,213 886
At 31 March 2023 10,000 88,909 1,035

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 85,060 6,680 408,763
Additions - - 14,450
Disposals - - (23,242 )
At 31 March 2024 85,060 6,680 399,971
DEPRECIATION
At 1 April 2023 58,806 387 276,272
Charge for year 5,252 138 25,881
Eliminated on disposal - - (16,438 )
At 31 March 2024 64,058 525 285,715
NET BOOK VALUE
At 31 March 2024 21,002 6,155 114,256
At 31 March 2023 26,254 6,293 132,491

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 37,255 30,745 68,000
Additions 14,450 - 14,450
At 31 March 2024 51,705 30,745 82,450
DEPRECIATION
At 1 April 2023 13,411 11,068 24,479
Charge for year 7,659 3,936 11,595
At 31 March 2024 21,070 15,004 36,074
NET BOOK VALUE
At 31 March 2024 30,635 15,741 46,376
At 31 March 2023 23,844 19,677 43,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,626 29,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,900 9,792
Hire purchase contracts 24,197 18,286
Trade creditors 11,425 11,285
Tax - 8,323
Social security and other taxes (1,724 ) -
Pensions 273 551
VAT 7,540 11,877
Directors' current accounts 779 -
Accrued expenses 1,498 1,502
49,888 61,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 4,600 4,600
Bank loans - 2-5 years 767 5,398
Hire purchase contracts 383 15,234
Directors' loan accounts 37,072 33,387
42,822 58,619

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

Details of directors' remuneration are disclosed in note 2.

Included within creditors falling due over one year is a balance due to D G Schofield, director of £37,072 (2023 - £33,387). There are no fixed repayment terms and interest is not charged on the balance.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D G Schofield.

The ultimate controlling party is D G Schofield.