IRIS Accounts Production v24.3.0.553 05494158 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054941582023-03-31054941582024-03-31054941582023-04-012024-03-31054941582022-03-31054941582022-04-012023-03-31054941582023-03-3105494158ns15:EnglandWales2023-04-012024-03-3105494158ns14:PoundSterling2023-04-012024-03-3105494158ns10:Director12023-04-012024-03-3105494158ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105494158ns10:SmallEntities2023-04-012024-03-3105494158ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105494158ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105494158ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105494158ns10:FullAccounts2023-04-012024-03-3105494158ns10:OrdinaryShareClass12023-04-012024-03-3105494158ns10:Director22023-04-012024-03-3105494158ns10:Director32023-04-012024-03-3105494158ns10:RegisteredOffice2023-04-012024-03-3105494158ns5:CurrentFinancialInstruments2024-03-3105494158ns5:CurrentFinancialInstruments2023-03-3105494158ns5:ShareCapital2024-03-3105494158ns5:ShareCapital2023-03-3105494158ns5:RetainedEarningsAccumulatedLosses2024-03-3105494158ns5:RetainedEarningsAccumulatedLosses2023-03-3105494158ns5:PlantMachinery2023-04-012024-03-3105494158ns5:FurnitureFittings2023-04-012024-03-3105494158ns5:ComputerEquipment2023-04-012024-03-3105494158ns5:PlantMachinery2023-03-3105494158ns5:FurnitureFittings2023-03-3105494158ns5:ComputerEquipment2023-03-3105494158ns5:PlantMachinery2024-03-3105494158ns5:FurnitureFittings2024-03-3105494158ns5:ComputerEquipment2024-03-3105494158ns5:PlantMachinery2023-03-3105494158ns5:FurnitureFittings2023-03-3105494158ns5:ComputerEquipment2023-03-3105494158ns5:CostValuation2023-03-3105494158ns5:AdditionsToInvestments2024-03-3105494158ns5:DisposalsRepaymentsInvestments2024-03-3105494158ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3105494158ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3105494158ns5:ImpairmentReversalProvisionsForImpairmentInvestments2024-03-3105494158ns5:CostValuation2024-03-3105494158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105494158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105494158ns5:WithinOneYear2024-03-3105494158ns5:WithinOneYear2023-03-3105494158ns5:BetweenOneFiveYears2024-03-3105494158ns5:BetweenOneFiveYears2023-03-3105494158ns5:AllPeriods2024-03-3105494158ns5:AllPeriods2023-03-3105494158ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 05494158 (England and Wales)















DJS RESEARCH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

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


DJS RESEARCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Sims
Mrs A Sims
A B Gleed





REGISTERED OFFICE: 3 Pavilion Lane
Strines
Stockport
SK6 7GH





REGISTERED NUMBER: 05494158 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,364 95,192
Investments 5 1,757 216,307
81,121 311,499

CURRENT ASSETS
Debtors 6 1,491,346 1,512,820
Cash at bank and in hand 1,103,123 588,913
2,594,469 2,101,733
CREDITORS
Amounts falling due within one year 7 1,719,672 1,494,345
NET CURRENT ASSETS 874,797 607,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,918

918,887

PROVISIONS FOR LIABILITIES 19,487 23,366
NET ASSETS 936,431 895,521

CAPITAL AND RESERVES
Called up share capital 9 118 118
Retained earnings 936,313 895,403
SHAREHOLDERS' FUNDS 936,431 895,521

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.

DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

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 20 December 2024 and were signed on its behalf by:





A B Gleed - Director


DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

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


1. STATUTORY INFORMATION

DJS Research 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.

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£).

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents net invoiced services excluding value added tax. Turnover is recognised as contract activity progresses and the right to consideration is earned. Turnover which has been recognised but not invoiced by the balance sheet date is included in debtors in accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - at varying rates on cost
Fixtures and fittings - 20% on cost and 10% on cost
Computer equipment - at varying rates on cost

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.


DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

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.

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.

Fixed asset investments
Fixed assets investments consist of a unit trust pooled investment fund and a corporate life bond. These investments have been included at underlying market value which has been disclosed in note 7 to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2023 - 88 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 472,418 116,129 101,290 689,837
Additions 48,048 70 - 48,118
At 31 March 2024 520,466 116,199 101,290 737,955
DEPRECIATION
At 1 April 2023 386,339 107,140 101,166 594,645
Charge for year 54,883 8,973 90 63,946
At 31 March 2024 441,222 116,113 101,256 658,591
NET BOOK VALUE
At 31 March 2024 79,244 86 34 79,364
At 31 March 2023 86,079 8,989 124 95,192

DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 216,307
Additions 90,001
Disposals (303,064 )
Revaluations (461 )
Investment income 699
Management fees (1,725 )
At 31 March 2024 1,757
NET BOOK VALUE
At 31 March 2024 1,757
At 31 March 2023 216,307

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,757

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,385,014 1,383,679
Other debtors 4,495 8,125
Prepayments and accrued income 101,837 121,016
1,491,346 1,512,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 184,866 286,150
Corporation tax 127,308 150,968
Social security and other taxes 109,030 93,622
Value added tax 453,192 144,670
Other creditors 8,365 12,606
Directors' current accounts 92 92
Accruals and deferred income 836,819 806,237
1,719,672 1,494,345

DJS RESEARCH LIMITED (REGISTERED NUMBER: 05494158)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,333 -
Between one and five years - 43,333
3,333 43,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
118 Ordinary £1 118 118

10. RELATED PARTY DISCLOSURES

On 1 July 2021, DJS Research (EOT) Limited (The Trust) acquired 65% of the Ordinary Shares in the company. In connection with this transaction the company has expressed a willingness to make capital contributions to the Trust to allow for payment of all sums owed to the exiting shareholders over a 6 year period provided the company has sufficient available funds. The company has also expressed a willingness to make capital contributions to the Trust to cover all incidental costs of the Trust provided the company has sufficient available funds.

11. ULTIMATE CONTROLLING PARTY

The DJS Research Employee Ownership Trust is the company's controlling party by virtue of its majority shareholding.