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Registered Number: 09003556
England and Wales

 

 

 

DECIMAL TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
  2024   2023
    £ £   £ £
Fixed assets   82,176      82,333 
Current assets 141,915      130,154   
Prepayments and accrued income     (8,199)  
Creditors: amount falling due within one year (80,190)     (59,435)  
Net current assets   61,725      62,520 
Total assets less current liabilities   143,901      144,853 
Creditors: amount falling due after more than one year   (29,443)     (35,274)
Net assets   114,458      109,579 
 

         
Capital and reserves   114,458      109,579 
 
NOTES TO THE ACCOUNTS

General Information
DECIMAL TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 09003556, registration address 8 Headley Meadow, Shortstown, Bedford, Beds, MK42 0DP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 May 2023 1,273    1,282    2,555 
Additions    
Disposals    
At 30 April 2024 1,273    1,282    2,555 
Depreciation
At 01 May 2023 1,026    896    1,922 
Charge for year 61    96    157 
On disposals    
At 30 April 2024 1,087    992    2,079 
Net book values
Closing balance as at 30 April 2024 186    290    476 
Opening balance as at 01 May 2023 247    386    633 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 19 January 2025 and were signed on its behalf by:


--------------------------------
Arun Kumar Polsani
Director
1