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Registration number: 10156428

DachIT Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

DachIT Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

DachIT Limited

(Registration number: 10156428)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

31,613

44,763

Current assets

 

Debtors

5

395

-

Cash at bank and in hand

 

53,789

67,964

 

54,184

67,964

Creditors: Amounts falling due within one year

6

(1,835)

(1,636)

Net current assets

 

52,349

66,328

Total assets less current liabilities

 

83,962

111,091

Provisions for liabilities

(5,787)

(8,505)

Net assets

 

78,175

102,586

Capital and reserves

 

Called up share capital

150

150

Retained earnings

78,025

102,436

Shareholders' funds

 

78,175

102,586

 

DachIT Limited

(Registration number: 10156428)
Balance Sheet as at 30 April 2024

For the financial year ending 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
S Peacock
Director

 

DachIT Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors acknowledge the losses incurred over the last two financial years. S Peacock is not expecting the company to trade for the foreseeable future, due to engaging in employment elsewhere. The company's expenditure is therefore expected to be mininal going forward. S Peacock has agreed to support the company if required. Based on this review, and taken together with existing reserves, the directors are confident that they can sustain the business. Therefore, the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of information technology consultancy services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises deferred tax.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

DachIT Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line basis

Other tangible assets

20% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

DachIT Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Motor vehicles
£

Office equipment
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

48,851

26,352

15,885

91,088

Additions

-

1,227

-

1,227

At 30 April 2024

48,851

27,579

15,885

92,315

Depreciation

At 1 May 2023

18,726

17,443

10,156

46,325

Charge for the year

9,770

3,287

1,320

14,377

At 30 April 2024

28,496

20,730

11,476

60,702

Carrying amount

At 30 April 2024

20,355

6,849

4,409

31,613

At 30 April 2023

30,125

8,909

5,729

44,763

5

Debtors

Current

2024
£

2023
£

Other debtors

395

-

 

395

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

1,835

1,636

 

DachIT Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

S Peacock

Director loan

(136)

42,762

(42,260)

366

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

S Peacock

Director loan

(5)

3,551

(3,682)

(136)