1 March 2023 false No description of principal activity Taxfiler 2024.6 10633693business:PrivateLimitedCompanyLtd2023-03-012024-02-28 106336932023-02-28 106336932023-03-012024-02-28 10633693business:AuditExempt-NoAccountantsReport2023-03-012024-02-28 10633693business:FilletedAccounts2023-03-012024-02-28 106336932024-02-28 10633693business:Director12023-03-012024-02-28 10633693business:Director22023-03-012024-02-28 10633693business:RegisteredOffice2023-03-012024-02-28 106336932023-02-28 10633693core:WithinOneYear2024-02-28 10633693core:WithinOneYear2023-02-28 10633693core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 10633693core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10633693core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 10633693core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10633693core:PreviouslyStatedAmount2024-02-28 10633693core:PreviouslyStatedAmount2023-02-28 10633693business:SmallEntities2023-03-012024-02-28 10633693countries:EnglandWales2023-03-012024-02-28 10633693core:FurnitureFittings2023-02-28 10633693core:FurnitureFittings2023-03-012024-02-28 10633693core:FurnitureFittings2024-02-28 106336932022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10633693 (England and Wales)
DATACOM UK TECHNOLOGIES LIMITED Unaudited accounts for the period from 1 March 2023 to 28 February 2024
DATACOM UK TECHNOLOGIES LIMITED Unaudited accounts Contents
Page
- 2 -
DATACOM UK TECHNOLOGIES LIMITED Company Information for the period from 1 March 2023 to 28 February 2024
Directors
Noor Mahdi FADHIL Hatem AL JUMAILI
Company Number
10633693 (England and Wales)
Registered Office
C/0 Acumen 37th Floor, 1 Canada Square London, England E14 5DY United Kingdom
- 3 -
DATACOM UK TECHNOLOGIES LIMITED Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,687 
1,929 
Current assets
Inventories
19,028 
23,589 
Cash at bank and in hand
12,894 
6,241 
31,922 
29,830 
Creditors: amounts falling due within one year
(19,944)
(18,498)
Net current assets
11,978 
11,332 
Net assets
14,665 
13,261 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
14,664 
13,260 
Shareholders' funds
14,665 
13,261 
For the period ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Noor Mahdi FADHIL Director Company Registration No. 10633693
- 4 -
DATACOM UK TECHNOLOGIES LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
DATACOM UK TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10633693. The registered office is C/0 Acumen, 37th Floor, 1 Canada Square, London, England, E14 5DY, United Kingdom.
2
Compliance with accounting standards
The Financial Statement have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the companies Act 2006 as applicable to companies subject to the small companies regime. There were no material departures from that standard. 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. This company is a qualifying entity for the purpose of FRS 102 and the company has taken advantage of exemptions from the following disclosure requirements: * Section 7 "Statements of Cash Flows": Presentation of a statement of cash flow and related notes and disclosures; *Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues": Interest income/expense and net gain/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognized in profit or loss and in other comprehensive income. * Section 26 "Share based payment": Share based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share based payments, explanation of modifications to arrangements; * Section 33 "Related Party Disclosures": Compensation for key management personnel.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and comparative information has been disclosed in respect of the period from 1 March 2023 to 28 February 2024 for all numerical information in the financial statements and also the narrative and descriptive information where it is relevant for comparing of the current financial statements which has prepared for 12 months
Risk and Uncertainties for use of Estimates in preparation of financial statements.
The preparation of financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses and disclosure requirements for contingent assets and liabilities during and at the date of financial statements. Actual results may differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions of accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected as required by FRS 102: "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Responsibility for Preparation and Presentation of Financial Statements
The directors are legally responsible for ensuring that the financial statements give a true and fair view of the company’s financial position and performance for the financial year and the directors must ensure that the financial statements comply with the Companies Act 2006 requirements, which dictate the structure, disclosure, and content of the financial statements. Directors must prepare the financial statements in accordance with applicable accounting standards, such as FRS 102 (Financial Reporting Standard applicable in the UK and Republic of Ireland) and adopting IFRS (International Financial Reporting Standards) and as per provision of “The Framework for the Preparation and Presentation of Financial Statements” issued by the International Accounting Standard Committee (IASC).
- 5 -
DATACOM UK TECHNOLOGIES LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
Events after the Reporting date
As per Section 32 of FRS -102 “Event after the Reporting Period" are those events favorable and unfavorable, that occur between the end of the reporting year and the date when the financial statement is authorized for issue. Two types of event can be identified: Those that provide evidence of conditions that existed at the end of the reporting year (adjusting events after the reporting date); and Those are indicative of conditions that arose after the reporting year (Non-adjusting events after the reporting date). No events after the expiry of the Balance Sheet date and the reporting period has been occurred and found to be reportable.
Going concern
The directors of DATACOM UK TECHNOLOGIES LIMITED have prepared the financial statements on a going concern basis, reflecting their confidence in the company’s ability to meet its obligations and continue operations for the foreseeable future. This assessment is based on the company’s strong financial position, anticipated future cash flows, and the availability of resources, including secured financing. The directors have carefully considered the principal risks and uncertainties facing the business, such as market competition, shifting customer demands, and broader economic conditions. However, they remain confident in the company’s resilience, supported by a robust client base, diversified revenue streams, and strategic initiatives to expand its service offerings in the IT consultancy and computer repair sectors. Key assumptions include the continuation of steady revenue from existing contracts, effective cost management measures, and sufficient cash reserves to address operational needs. While acknowledging external economic challenges, the directors believe the company’s strategic positioning mitigates potential risks. On this basis, they have concluded that the preparation of the financial statements on a going concern basis is appropriate.
Presentation currency
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 £ sterling.
Revenue Recognition
IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. Under IFRS 15, revenue is recognized when a customer obtain control of the goods or services. Determining the timing of transfer of control at a point in time or over time and requires judgment. The core principle of IFRS 15 is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. IFRS 15 requires application of 5 step model for revenue recognition: 1) Identify the contract(s) with a customer 2) Identify the performance obligations in the contract 3) Determine the transaction price 4) Allocate the transaction price to the performance obligations in the contract 5) Recognize revenue when (or as) the entity satisfies a performance obligation. Application of this guidance will depend on the facts and circumstances present in a contract with a customer and will require the exercise of judgment. i) Interest income is recognized when accrued on a time proportion basis. ii) Other income recognized when the right to received payment established. The revenue recognition policy for DATACOM UK TECHNOLOGIES LIMITED aligns with IFRS 15 and reflects the nature of its operations in IT consultancy and computer repair services. Revenue from consultancy services is recognized over time as the services are provided, reflecting the company’s obligation to deliver value to clients continuously. For repair services, revenue
- 6 -
DATACOM UK TECHNOLOGIES LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
is recognized at the point when the service is completed and the customer gains control of the repaired equipment. In both cases, revenue is measured based on the transaction price agreed with the customer, excluding any discounts, rebates, or taxes. Contracts with customers are reviewed to identify distinct performance obligations, ensuring that revenue is allocated and recognized appropriately based on the satisfaction of those obligations. The company accounts for variable consideration, if any, using the most likely amount method, ensuring accurate reporting. This policy ensures that revenue is recognized in a manner that faithfully represents the company’s economic activities and adheres to relevant accounting principles.
Cost of Revenue
The Subcontractor costs classified as directly attributable to revenue consist of part time staff whose roles are integral to generating the company's revenue. These positions typically include sales, production, customer support personnel, or other key contributors directly involved in delivering goods or services.
Property, plant and equipment
Recognition and measurement: Property, Plant and Equipment are stated at their historical cost except revaluation of PPE less accumulated depreciation in accordance with Section 17 of FRS 102 “Property, Plant and Equipment”. Cost represents cost of acquisition or construction and include purchase price and other directly attributable cost of bringing the asset to working conditions for its intended use but do not include any capitalized borrowing cost. Subsequent costs: The cost of replacing or upgrading part of an item of property, plant and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Company and its cost can be measured reliably. The carrying amount of the replaced part is derecognized. The costs of the day-to day servicing of property, plant and equipment are recognized in the profit and loss account as incurred. Expenditure on repairs and maintenance of property, Plant & Equipment is treated as expense when incurred. Subsequent expenditure on property, Plant and Equipment is only recognized when the expenditure improves the condition of the asset beyond its originally assessed standard of performance. Depreciation of PPE: Deprecation has been charged on addition of PPE when it is available for use. Depreciation was computed using diminishing balance method. The costs an accumulated depreciation of depreciable assets retired or otherwise disposed of are eliminated from the assets and accumulated depreciation. The annual depreciation rates applicable to the principal categories are: Fixture and Fittings: 20% Reducing Balance Method
Impairment
In accordance with the provisions of Section 27 of FRS 102, the carrying amount of non-financial assets other than inventories of the Company involved in the manufacturing of the products. If any such indication exists, then the asset's recoverable amount is estimated and impairment losses are recognized in profit and loss account. No such indication of impairment has been observed till the end of the year.
- 7 -
DATACOM UK TECHNOLOGIES LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
Advance, Deposit & Prepayments
Advances are initially measured at cost. After initial recognition advances are carried at cost less deductions, adjustments or charges to other account heads such as property, plant and equipment, inventory or expenses. Deposits are measured at payment value. Prepayments are initially measured at cost. After initial recognition prepayments are carried at cost less charges to profit and loss account.
Share Capital
Proceeds from issuance of ordinary shares are recognized as share capital in equity when there is no contractual obligation to transfer cash or other financial assets.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
4,503 
Additions
1,430 
At 28 February 2024
5,933 
Depreciation
At 1 March 2023
2,574 
Charge for the period
672 
At 28 February 2024
3,246 
Net book value
At 28 February 2024
2,687 
At 28 February 2023
1,929 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,790 
6,036 
Trade creditors
- 
283 
Taxes and social security
390 
768 
Loans from directors
9,764 
11,411 
19,944 
18,498 
6
Average number of employees
During the period the average number of employees was 3 (2023: 3).
- 8 -