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REGISTERED NUMBER: 02489228 (England and Wales)















DATAPACE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 29 FEBRUARY 2024






DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DATAPACE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2023 TO 29 FEBRUARY 2024







DIRECTOR: A Grace





SECRETARY:





REGISTERED OFFICE: Units A, B & C
Hayfield Business Park
Aspley Guise
Milton Keynes
Buckinghamshire
MK17 8HS





REGISTERED NUMBER: 02489228 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,426 161,632

CURRENT ASSETS
Debtors 5 2,755,961 2,824,165
Investments 6 538,172 538,172
Cash at bank and in hand 972,969 1,053,330
4,267,102 4,415,667
CREDITORS
Amounts falling due within one year 7 958,160 1,228,674
NET CURRENT ASSETS 3,308,942 3,186,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,450,368

3,348,625

CREDITORS
Amounts falling due after more than one
year

8

(13,925

)

(19,059

)

PROVISIONS FOR LIABILITIES 9 (55,533 ) (52,523 )
NET ASSETS 3,380,910 3,277,043

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 3,380,710 3,276,843
SHAREHOLDERS' FUNDS 3,380,910 3,277,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2024 and were signed by:





A Grace - Director


DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Datapace 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 60 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023
and 29 February 2024 149,879 330,152 86,728 566,759
DEPRECIATION
At 1 September 2023 82,411 240,825 81,891 405,127
Charge for period 8,434 11,168 604 20,206
At 29 February 2024 90,845 251,993 82,495 425,333
NET BOOK VALUE
At 29 February 2024 59,034 78,159 4,233 141,426
At 31 August 2023 67,468 89,327 4,837 161,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.23
£    £   
Trade debtors 1,596,046 1,729,420
Directors' current accounts 1,973 -
Prepayments and accrued income 1,157,942 1,094,745
2,755,961 2,824,165

6. CURRENT ASSET INVESTMENTS
29.2.24 31.8.23
£    £   
Unlisted investments 6,250 6,250
Fixed interest loan notes 531,922 531,922
538,172 538,172

DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.23
£    £   
Bank loans and overdrafts 10,180 10,042
Trade creditors 568,089 841,696
Corporation tax 121,238 86,726
Social security and other taxes 50,246 35,478
VAT 185,158 220,508
Directors' current accounts - 6,698
Accrued expenses 23,249 27,526
958,160 1,228,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 31.8.23
£    £   
Bank loans - 1-2 years 10,430 10,292
Bank loans - 2-5 years 3,495 8,767
13,925 19,059

9. PROVISIONS FOR LIABILITIES
29.2.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 14,260 16,540
Accrued interest receivable 41,273 35,983
55,533 52,523

Deferred
tax
£   
Balance at 1 September 2023 52,523
Charge to Income Statement during period 3,010
Balance at 29 February 2024 55,533

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 31.8.23
value: £    £   
200 £1 ordinary £1 200 200

DATAPACE LIMITED (REGISTERED NUMBER: 02489228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 29 FEBRUARY 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 February 2024 and the year ended 31 August 2023:

29.2.24 31.8.23
£    £   
A Grace
Balance outstanding at start of period 6,698 67,454
Amounts repaid (8,671 ) (60,756 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (1,973 ) 6,698