3 3 DIEM Analytics Limited 07795869 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Management Consulting Digita Accounts Production Advanced 6.30.9574.0 true 07795869 2023-10-01 2024-09-30 07795869 2024-09-30 07795869 core:CurrentFinancialInstruments 2024-09-30 07795869 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 07795869 core:FurnitureFittingsToolsEquipment 2024-09-30 07795869 core:LandBuildings 2024-09-30 07795869 core:OtherPropertyPlantEquipment 2024-09-30 07795869 bus:SmallEntities 2023-10-01 2024-09-30 07795869 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07795869 bus:FilletedAccounts 2023-10-01 2024-09-30 07795869 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07795869 bus:RegisteredOffice 2023-10-01 2024-09-30 07795869 bus:Director1 2023-10-01 2024-09-30 07795869 bus:Director2 2023-10-01 2024-09-30 07795869 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07795869 bus:Agent1 2023-10-01 2024-09-30 07795869 core:ComputerEquipment 2023-10-01 2024-09-30 07795869 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 07795869 core:LandBuildings 2023-10-01 2024-09-30 07795869 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 07795869 core:PlantMachinery 2023-10-01 2024-09-30 07795869 countries:UnitedKingdom 2023-10-01 2024-09-30 07795869 2023-09-30 07795869 core:FurnitureFittingsToolsEquipment 2023-09-30 07795869 core:LandBuildings 2023-09-30 07795869 core:OtherPropertyPlantEquipment 2023-09-30 07795869 2022-10-01 2023-09-30 07795869 2023-09-30 07795869 core:CurrentFinancialInstruments 2023-09-30 07795869 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07795869 core:FurnitureFittingsToolsEquipment 2023-09-30 07795869 core:LandBuildings 2023-09-30 07795869 core:OtherPropertyPlantEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 07795869

DIEM Analytics Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

DIEM Analytics Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

DIEM Analytics Limited

Company Information

Directors

Dr Darrell Jaya-Ratnam

Mrs Sarah Vincent-Major

Registered office

Unit G2
Fareham Heights
Standard Way
Fareham
Hampshire
PO16 8XT

Accountants

AIMS Accountants for Business 36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

 

DIEM Analytics Limited

(Registration number: 07795869)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

98,648

414,447

Current assets

 

Debtors

5

656,328

300,000

Cash at bank and in hand

 

292,628

538,751

 

948,956

838,751

Creditors: Amounts falling due within one year

6

(30,249)

(35,243)

Net current assets

 

918,707

803,508

Net assets

 

1,017,355

1,217,955

Capital and reserves

 

Retained earnings

1,017,355

1,217,955

Shareholders' funds

 

1,017,355

1,217,955

For the financial 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 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 and 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 17 March 2025 and signed on its behalf by:
 

.........................................
Dr Darrell Jaya-Ratnam
Director

 

DIEM Analytics Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit G2
Fareham Heights
Standard Way
Fareham
Hampshire
PO16 8XT

These financial statements were authorised for issue by the Board on 17 March 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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:

 

DIEM Analytics Limited

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

Asset class

Depreciation method and rate

Office equipment

straight line over 1 year

Furniture and equipment

straight line over 3 years

Other

straight line over 3 years

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

DIEM Analytics Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

325,764

9,357

125,947

461,068

Additions

22,138

-

48,249

70,387

Disposals

(325,764)

-

-

(325,764)

At 30 September 2024

22,138

9,357

174,196

205,691

Depreciation

At 1 October 2023

-

4,639

41,982

46,621

Charge for the year

-

2,356

58,066

60,422

At 30 September 2024

-

6,995

100,048

107,043

Carrying amount

At 30 September 2024

22,138

2,362

74,148

98,648

At 30 September 2023

325,764

4,718

83,965

414,447

Included within the net book value of land and buildings above is £22,138 (2023 - £325,764) in respect of freehold land and buildings.
 

5

Debtors

 

DIEM Analytics Limited

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

Current

Note

2024
£

2023
£

Trade debtors

 

74,578

-

Amounts owed by related parties

8

575,000

300,000

Prepayments

 

6,750

-

   

656,328

300,000

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

(6,500)

Taxation and social security

 

28,169

35,072

Accruals and deferred income

 

2,080

2,080

Other creditors

 

-

4,591

 

30,249

35,243

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

-

(6,500)

8

Related party transactions

 

DIEM Analytics Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

81,583

6,000

Contributions paid to money purchase schemes

123,442

160,000

205,025

166,000