0 false false true false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 860,941 40,480 10,909 51,389 809,552 820,461 xbrli:pure xbrli:shares iso4217:GBP 10448967 2023-10-01 2024-09-30 10448967 2024-09-30 10448967 2023-09-30 10448967 2022-10-01 2023-09-30 10448967 2023-09-30 10448967 2022-09-30 10448967 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10448967 bus:Director1 2023-10-01 2024-09-30 10448967 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 10448967 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 10448967 core:WithinOneYear 2024-09-30 10448967 core:WithinOneYear 2023-09-30 10448967 core:ShareCapital 2024-09-30 10448967 core:ShareCapital 2023-09-30 10448967 core:RetainedEarningsAccumulatedLosses 2024-09-30 10448967 core:RetainedEarningsAccumulatedLosses 2023-09-30 10448967 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 10448967 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 10448967 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 10448967 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 10448967 core:Non-currentFinancialInstruments 2024-09-30 10448967 core:Non-currentFinancialInstruments 2023-09-30 10448967 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 10448967 bus:SmallEntities 2023-10-01 2024-09-30 10448967 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10448967 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10448967 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10448967 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 10448967
Datashredders Group Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2024
Datashredders Group Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
809,552
820,461
Investments
6
760,100
794,070
------------
------------
1,569,652
1,614,531
Current assets
Debtors
7
297,618
259,636
Investments
8
1,112,357
1,000,000
Cash at bank and in hand
546,497
460,773
------------
------------
1,956,472
1,720,409
Creditors: amounts falling due within one year
9
149,061
55,184
------------
------------
Net current assets
1,807,411
1,665,225
------------
------------
Total assets less current liabilities
3,377,063
3,279,756
Provisions
2,332
2,383
------------
------------
Net assets
3,374,731
3,277,373
------------
------------
Datashredders Group Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,374,631
3,277,273
------------
------------
Shareholders funds
3,374,731
3,277,373
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 February 2025 , and are signed on behalf of the board by:
E Lefevre
Director
Company registration number: 10448967
Datashredders Group Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Eastwood Industrial Estate, Eastwood End, Wimblington, Cambridgeshire, PE15 0QH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The directors make estimates and assumptions about the future. These estimates and assumptions impact recognised assets and liabilities, as well as revenue and expenses and other disclosures. These estimates are based on historical experience and on various assumptions considered reasonable under the prevailing conditions. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. The directors do not consider there are any estimates or assumptions that may have a significant effect on the carrying amounts of assets and liabilities within financial year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental income.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Income from investments is accounted for when received.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020 - 2).
5. Tangible assets
Freehold property
£
Cost
At 1 October 2023 and 30 September 2024
860,941
---------
Depreciation
At 1 October 2023
40,480
Charge for the year
10,909
---------
At 30 September 2024
51,389
---------
Carrying amount
At 30 September 2024
809,552
---------
At 30 September 2023
820,461
---------
6. Investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost
At 1 October 2023
200
793,870
794,070
Disposals
( 100)
( 100)
Revaluations
( 33,870)
( 33,870)
----
---------
---------
At 30 September 2024
100
760,000
760,100
----
---------
---------
Impairment
At 1 October 2023 and 30 September 2024
----
---------
---------
Carrying amount
At 30 September 2024
100
760,000
760,100
----
---------
---------
At 30 September 2023
200
793,870
794,070
----
---------
---------
7. Debtors
2024
2023
£
£
Other debtors
297,618
259,636
---------
---------
8. Investments
2024
2023
£
£
Other investments
1,112,357
1,000,000
------------
------------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,000
3,901
Amounts owed to group undertakings and undertakings in which the company has a participating interest
128,441
15,300
Social security and other taxes
13,110
3,044
Other creditors
4,510
32,939
---------
--------
149,061
55,184
---------
--------
10. Directors' advances, credits and guarantees
The 2 directors operate a joint loan account with the company. The opening balance was £254,823 (2023: £178,659), directors took advances of £272,361 (2023: £227,112) and made repayments of £249,903 (2023: £150,948). As at the balance sheet date, £277,281 (2023: £254,823) was owed to the company. The loan was interest free and repayable on demand.