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REGISTERED NUMBER: 02320442 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DATASYM (U.K.) LIMITED

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


DATASYM (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C Jones
Mr M Thorne
Mr I Gifford
Mr J Burness





SECRETARY: Mr C Jones





REGISTERED OFFICE: RMA House
66 Western Road
Fareham
Hampshire
PO16 0NS





REGISTERED NUMBER: 02320442 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,818 61,449

CURRENT ASSETS
Stocks 2,326 -
Debtors 5 1,100,803 631,309
Cash at bank and in hand 2,679,722 3,246,259
3,782,851 3,877,568
CREDITORS
Amounts falling due within one year 6 1,963,771 1,932,183
NET CURRENT ASSETS 1,819,080 1,945,385
TOTAL ASSETS LESS CURRENT LIABILITIES 1,894,898 2,006,834

PROVISIONS FOR LIABILITIES 13,634 7,301
NET ASSETS 1,881,264 1,999,533

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,881,164 1,999,433
SHAREHOLDERS' FUNDS 1,881,264 1,999,533

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.

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




Mr M Thorne - Director



Mr C Jones - Director


DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


1. STATUTORY INFORMATION

Datasym (U.K.) 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.

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.

Preparation of consolidated financial statements
The financial statements present information about the company as an individual and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of MCI Solutions Limited, a company incorporated in England.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 - 10% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

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 35 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 21,869 118,826 140,695
Additions - 31,925 31,925
At 31 March 2024 21,869 150,751 172,620
DEPRECIATION
At 1 April 2023 10,568 68,678 79,246
Charge for year 1,133 16,423 17,556
At 31 March 2024 11,701 85,101 96,802
NET BOOK VALUE
At 31 March 2024 10,168 65,650 75,818
At 31 March 2023 11,301 50,148 61,449

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 851,509 601,865
Other debtors 249,294 29,444
1,100,803 631,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 110,321 55,736
Taxation and social security 481,461 628,088
Other creditors 1,371,989 1,248,359
1,963,771 1,932,183

7. LEASING AGREEMENTS
At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £Nil (2023 - £602).

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The directors consider MCI Solutions Limited, registered office and principal place of business RMA House, 66 Western Road, Fareham, Hampshire PO16 0NS, to be the company's ultimate parent company.