Company registration number 03935537 (England and Wales)
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
COMPANY INFORMATION
Directors
Mr R Fraser
Mr G Wilson
(Appointed 1 July 2024)
Mr M Lynch
(Appointed 1 July 2024)
Secretary
Mr R Fraser
Company number
03935537
Registered office
1 Wylam Court
Westland Way
Preston Farm Industrial Estate
Stockton on Tees
TS18 3FB
Accountants
Benson Wood Ltd
Unit 21
Belasis Court
Belasis Hall Technology Park
Billingham
TS23 4AZ
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3 - 4
Notes to the financial statements
6 - 12
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 July 2024.

Principal activities

The principal activity of the company continued to be that of telecom training.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr R Fraser
Mr G Wilson
(Appointed 1 July 2024)
Mr M Lynch
(Appointed 1 July 2024)
Post reporting date events

Information relating to events since the end of the period is given in the notes to the financial statements.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr R Fraser
Director
25 November 2024
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF DIGITAL TELECOMS NETWORK ACADEMY LIMITED
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digital Telecoms Network Academy Limited for the year ended 31 July 2024 which comprise, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Digital Telecoms Network Academy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Digital Telecoms Network Academy Limited and state those matters that we have agreed to state to the board of directors of Digital Telecoms Network Academy Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digital Telecoms Network Academy Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Digital Telecoms Network Academy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digital Telecoms Network Academy Limited. You consider that Digital Telecoms Network Academy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Digital Telecoms Network Academy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Benson Wood Ltd
Chartered Certified Accountants
Unit 21
Belasis Court
Belasis Hall Technology Park
Billingham
TS23 4AZ
25 November 2024
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
588,721
616,501
Investments
4
222,854
222,854
811,575
839,355
Current assets
Debtors
6
507,282
658,648
Cash at bank and in hand
47,985
464,241
555,267
1,122,889
Creditors: amounts falling due within one year
7
(350,740)
(572,933)
Net current assets
204,527
549,956
Total assets less current liabilities
1,016,102
1,389,311
Creditors: amounts falling due after more than one year
8
(875,961)
(1,411,778)
Provisions for liabilities
(30,286)
(31,548)
Net assets/(liabilities)
109,855
(54,015)
Capital and reserves
Called up share capital
687,270
687,270
Profit and loss reserves
(577,415)
(741,285)
Total equity
109,855
(54,015)
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 4 -

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 November 2024 and are signed on its behalf by:
Mr R Fraser
Director
Company registration number 03935537 (England and Wales)
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 August 2022
687,270
583,476
1,270,746
Year ended 31 July 2023:
Profit and total comprehensive income
-
469,164
469,164
Employee ownership trust transactions
-
(1,793,925)
(1,793,925)
Balance at 31 July 2023
687,270
(741,285)
(54,015)
Year ended 31 July 2024:
Profit and total comprehensive income
-
163,870
163,870
Balance at 31 July 2024
687,270
(577,415)
109,855
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Digital Telecoms Network Academy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Wylam Court, Westland Way, Preston Farm Industrial Estate, Stockton on Tees, TS18 3FB.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When the outcome of a transaction can be estimated reliably, turnover from the provision of training is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to successful attainment of qualification by student. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Turnover also includes Government revenue grants that are funding body recurrent grants and are accounted for under the accrual model. Funding body recurrent grants are measured in line with the best estimates for the period of what is receivable and depend on the particular income stream involved. Any under or over achievement of the Adult Skills Budget is adjusted for and reflected in the level of recurrent grant recognised in the income and expenditure account. The final grant income is normally determined with the conclusion of the year end reconciliation process with the funding body following the year end and the results of any funding audits.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

DIGITAL TELECOMS NETWORK ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
2
Accounting policies
(Continued)
- 7 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
2% on cost
Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
Computers
33% on cost
Motor vehicles
25st on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DIGITAL TELECOMS NETWORK ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
2
Accounting policies
(Continued)
- 8 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.9
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DIGITAL TELECOMS NETWORK ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
2
Accounting policies
(Continued)
- 9 -
2.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.13
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2.14

Redeemable preference shares

Preference shares, which are mandatorily redeemable on a specific date are classified as liabilities. The dividends on these preference shares are taken to the income statement as a finance expense.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
18
19
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
222,854
222,854

The fixed asset investment is the share of net profit from Cablecom Training and Development LLP, a limited liability partnership registered in England & Wales of which Digital Telecoms Network Academy Ltd is a corporate member.    

DIGITAL TELECOMS NETWORK ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 10 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023
650,000
523,020
1,173,020
Additions
-
0
1,841
1,841
At 31 July 2024
650,000
524,861
1,174,861
Depreciation and impairment
At 1 August 2023
86,942
469,577
556,518
Depreciation charged in the year
10,400
19,222
29,622
At 31 July 2024
97,342
488,798
586,140
Carrying amount
At 31 July 2024
552,658
36,063
588,721
At 31 July 2023
563,058
53,443
616,501

The carrying value of land and buildings is a valuation of the property carried out by Knight Frank LLP in January 2014 based on a market value basis of the property in its current physical condition

6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
150,063
305,657
Other debtors
331,745
337,245
Prepayments and accrued income
25,474
15,746
507,282
658,648
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
15,120
Trade creditors
33,408
176,444
Taxation and social security
76,549
151,854
Other creditors
240,783
229,515
350,740
572,933
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 11 -
8
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
-
0
269,403
Other borrowings
875,961
1,142,375
875,961
1,411,778
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
-
0
297,822
DIGITAL TELECOMS NETWORK ACADEMY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 12 -
10
Related party transactions

A LLP in which Digital Telecoms Network Academy Limited is a member owes the company monies totalling £313,782 (2023: £313,749) at the balance sheet date and these are included in other debtors.

 

At the balance sheet date there was an amount due to a shareholder of £26,667 (2023: £26,667) included in other creditors.

11
Directors' transactions

At the balance sheet date there is a loan balance due from the directors totaling £2,501 (2023: £2,501)

12
Parent company

The company is under the control of The DTNA Employees Trustees Limited by virtue of its 51% holding of the issued shares.

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