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REGISTERED NUMBER: 06799249 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DATUM PHASE CHANGE LIMITED

DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,298 4,046
Tangible assets 5 16,236 20,983
20,534 25,029

CURRENT ASSETS
Debtors 49,152 843
Cash at bank 17,594 1,276
66,746 2,119
CREDITORS
Amounts falling due within one year 107,883 167,407
NET CURRENT LIABILITIES (41,137 ) (165,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,603

)

(140,259

)

CREDITORS
Amounts falling due after more than
one year

-

11,901
NET LIABILITIES (20,603 ) (152,160 )

DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Share premium 139,700 139,700
Retained earnings (161,303 ) (292,860 )
SHAREHOLDERS' FUNDS (20,603 ) (152,160 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th December 2024 and were signed on its behalf by:





M T Berry - Director


DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)

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

1. STATUTORY INFORMATION

Datum Phase Change Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06799249

Registered office: The Foundry
9 Park Lane
Puckeridge
Ware
Hertfordshire
SG11 1RL

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.

The going concern basis has been adopted in the preparation of these financial statements. The company's turnover for the period was £251,315 (2023 - £96,292) and the company recorded a profit after tax of £131,557 (2023 - £18,445). Net cash surplus totalled £17,594 as at 31st March 2024 (2023 - £1,276).

The directors acknowledge that there is a level of uncertainty in the general economic environment that may impact on the demand for the services the company supplies however based on the assessment of the business believe they are well placed to manage these business risks.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences
Patents and licences are amortised at the rate of 10% of cost per annum.

DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially as transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

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.

Government grants
Coronavirus Job Retention Scheme grants have been accounted for on an accruals basis.
The interest paid for by the Government in respect of Coronavirus Business Interruption Loans and Bounce Back Loans is shown in the profit and loss account as Government Grants income and also bank loan interest expenditure.
Grants received from local councils are accounted for in the profit and loss account when received.

3. EMPLOYEES AND DIRECTORS

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

DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 32,330
Additions 1,020
At 31st March 2024 33,350
AMORTISATION
At 1st April 2023 28,284
Amortisation for year 768
At 31st March 2024 29,052
NET BOOK VALUE

At 31st March 2024 4,298
At 31st March 2023 4,046

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 67,396
DEPRECIATION
At 1st April 2023 46,413
Charge for year 4,747
At 31st March 2024 51,160
NET BOOK VALUE
At 31st March 2024 16,236
At 31st March 2023 20,983

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

DATUM PHASE CHANGE LIMITED (REGISTERED NUMBER: 06799249)

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

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed a total of £6,198 to MgO Limited, a company controlled by the directors of this company.

8. ULTIMATE CONTROLLING PARTY

The company is under the immediate and ultimate control of the directors.