Registered number
06527558
The Direct Data Company (Oxford) Ltd
Filleted Accounts
31 March 2024
The Direct Data Company (Oxford) Ltd
Registered number: 06527558
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 50,000 62,500
Tangible assets 4 2,614 4,439
52,614 66,939
Current assets
Debtors 5 31,958 39,225
Cash at bank and in hand 148,542 196,541
180,500 235,766
Creditors: amounts falling due within one year 6 (27,972) (50,027)
Net current assets 152,528 185,739
Net assets 205,142 252,678
Capital and reserves
Called up share capital 100 100
Profit and loss account 205,042 252,578
Shareholders' funds 205,142 252,678
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vikki French
Director
Approved by the board on 13 December 2024
The Direct Data Company (Oxford) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 250,000
At 31 March 2024 250,000
Amortisation
At 1 April 2023 187,500
Provided during the year 12,500
At 31 March 2024 200,000
Net book value
At 31 March 2024 50,000
At 31 March 2023 62,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 14,392
Disposals (1,172)
At 31 March 2024 13,220
Depreciation
At 1 April 2023 9,953
Charge for the year 653
At 31 March 2024 10,606
Net book value
At 31 March 2024 2,614
At 31 March 2023 4,439
5 Debtors 2024 2023
£ £
Trade debtors 31,558 38,850
Other debtors 400 375
31,958 39,225
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,230 1,230
Taxation and social security costs 11,820 40,526
Other creditors 14,922 8,271
27,972 50,027
7 Other information
The Direct Data Company (Oxford) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
North Bar House
43-44 North Bar Street
Banbury
Oxfordshire
OX16 0TH
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