Company registration number 12807708 (England and Wales)
DATALASE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
DATALASE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DATALASE HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
309,312
309,312
Current assets
Debtors
6
15,430
Cash at bank and in hand
770,439
744,785
785,869
744,785
Creditors: amounts falling due within one year
7
(1,159,853)
(1,054,096)
Net current liabilities
(373,984)
(309,311)
Net (liabilities)/assets
(64,672)
1
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(64,673)
Total equity
(64,672)
1
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 November 2024 and are signed on its behalf by:
C Lewis
Director
Company registration number 12807708 (England and Wales)
DATALASE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Datalase Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 Wheldon Road, Widnes, Chesire, WA8 8FW.
1.1
Accounting convention
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 2).
These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £.
The following principle accounting policies have been applied:
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
These financial statements have been prepared on a going concern basis.true
The directors have carefully considered risks, including an assessment of future trading for a period of at least 12 months from the date of signing the financial statements, and the extent to which any risks might affect the preparation of the financial statements on a going concern basis. As such the directors continue to adopt the going concern basis of accounting in preparation of the annual financial statements.
1.3
Fixed asset investments
Investments in subsidiaries are measured at cost less accumulated impairment.
1.4
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
DATALASE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.
1.6
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
1.7
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2
Judgements and key sources of estimation uncertainty
Critical judgements
The critical judgements that the Director has made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements:
Assessing indicators of impairment
In assessing whether there have been any indicators of impairment of assets, the Directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability and where applicable, the ability of the asset to be operated as planned. There have been no indicators of impairments identified during the current financial year.
Key sources of estimation uncertainty
There are no key assumptions concerning the future, or other key sources of estimation uncertainty, that have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
DATALASE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Employees
The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
The average monthly numbers of employees, including directors, during the year was:
2024
2023
Number
Number
3
3
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
56,001
56,001
Other investments other than loans
253,311
253,311
309,312
309,312
5
Subsidiaries
The following was a subsidiary undertaking of the Company:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Datalase Limited
Unit 3 Wheldon Road, Widnes, Cheshire, WA8 8FW
Developing and commercialising solutions for packaging, printing sector
Ordinary
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
15,430
7
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
901,855
996,420
Dividends payable
218,863
57,676
Accruals and deferred income
39,135
1,159,853
1,054,096
DATALASE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7
Creditors: amounts falling due within one year
(Continued)
- 5 -
Amounts owed to group undertakings are interest free and repayable on demand.
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of 1p each
35
40
0.35
0.40
B Ordinary shares of 1p each
25
30
0.25
0.30
C Ordinary shares of 1p each
25
30
0.25
0.30
D Ordinary shares of 1p each
5
-
0.05
-
E Ordinary shares of 1p each
5
-
0.05
-
F Ordinary shares of 1p each
5
-
0.05
-
100
100
1
1
On 9 May 2023, 5 A ordinary shares were redesignated into 5 D Ordinary Shares, 5 B Ordinary Shares were resdesignated into 5 E Ordinary Shares and 5 C Ordinary Shares were resdesignated into 5 F Ordinary Shares.
9
Reserves
The Company’s capital and reserves are as follows:
Called up share capital
Called up share capital represents the nominal value of the shares issued.
Profit and loss reserves
The profit and loss account represents cumulative profits and losses net of dividends paid and other
adjustments.
10
Related party transactions
The Company has taken advantage of the exemption available in section 33 of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" related party disclosures from the requirement to disclose transactions with wholly owned group companies.
11
Control
There is no immediate and ultimate controlling party at the year end.