0 false false false false false false false false false false true false false true true true true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6 158 xbrli:pure xbrli:shares iso4217:GBP 04558147 2023-10-01 2024-09-30 04558147 2024-09-30 04558147 2023-09-30 04558147 2022-10-01 2023-09-30 04558147 2023-09-30 04558147 2022-09-30 04558147 core:PlantMachinery 2023-10-01 2024-09-30 04558147 core:FurnitureFittings 2023-10-01 2024-09-30 04558147 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04558147 bus:Director2 2023-10-01 2024-09-30 04558147 core:PlantMachinery 2023-09-30 04558147 core:FurnitureFittings 2023-09-30 04558147 core:PlantMachinery 2024-09-30 04558147 core:FurnitureFittings 2024-09-30 04558147 core:WithinOneYear 2024-09-30 04558147 core:WithinOneYear 2023-09-30 04558147 core:AfterOneYear 2024-09-30 04558147 core:AfterOneYear 2023-09-30 04558147 core:UKTax 2023-10-01 2024-09-30 04558147 core:UKTax 2022-10-01 2023-09-30 04558147 core:ShareCapital 2024-09-30 04558147 core:ShareCapital 2023-09-30 04558147 core:RetainedEarningsAccumulatedLosses 2024-09-30 04558147 core:RetainedEarningsAccumulatedLosses 2023-09-30 04558147 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 04558147 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04558147 core:PlantMachinery 2023-09-30 04558147 core:DeferredTaxation 2023-09-30 04558147 core:DeferredTaxation 2024-09-30 04558147 bus:SmallEntities 2023-10-01 2024-09-30 04558147 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04558147 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04558147 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04558147 bus:FullAccounts 2023-10-01 2024-09-30 04558147 bus:OrdinaryShareClass1 2024-09-30 04558147 bus:OrdinaryShareClass1 2023-09-30 04558147 core:DeferredTaxation 2023-10-01 2024-09-30 04558147 core:AfterOneYear 2023-10-01 2024-09-30 04558147 core:AllAssociates 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 04558147
Datafine Limited
Filleted Unaudited Financial Statements
30 September 2024
Datafine Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
832
24
Current assets
Debtors
6
107,262
61,425
Cash at bank and in hand
279,242
290,306
-----------
-----------
386,504
351,731
Creditors: amounts falling due within one year
7
( 288,182)
( 280,144)
-----------
-----------
Net current assets
98,322
71,587
----------
----------
Total assets less current liabilities
99,154
71,611
Creditors: amounts falling due after more than one year
8
( 57,571)
( 67,625)
Provisions
Taxation including deferred tax
9
( 158)
( 6)
----------
----------
Net assets
41,425
3,980
----------
----------
Datafine Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
11
30,000
30,000
Profit and loss account
11,425
( 26,020)
----------
----------
Shareholders funds
41,425
3,980
----------
----------
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 30th 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 13 March 2025 , and are signed on behalf of the board by:
Mr M Khamkar
Director
Company registration number: 04558147
Datafine Limited
Notes to the Financial Statements
Year Ended 30th 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 63 Brook Crescent, Chingford, London, E4 9ES.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
The turnover shown in the Profit and Loss Account represents amounts derived from ordinary activities and is recognised at the point of sales. The turnover for Hajj is recognised on completion of the event.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
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:
Plant and Machinery
-
25% straight line
Fixtures and Fittings
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
4. Tax on profit/(loss)
Major components of tax expense/(income)
2024
2023
£
£
Current tax:
UK current tax expense
8,406
Adjustments in respect of prior periods
( 112)
( 2)
--------
-----
Total current tax
8,294
( 2)
--------
-----
Deferred tax:
Origination and reversal of timing differences
152
( 69)
--------
-----
Tax on profit/(loss)
8,446
( 71)
--------
-----
Reconciliation of tax expense/(income)
The tax assessed on the profit/(loss) on ordinary activities for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 19 % (2023: 19 %).
2024
2023
£
£
Profit/(loss) on ordinary activities before taxation
45,891
( 1,213)
----------
--------
Profit/(loss) on ordinary activities by rate of tax
8,719
( 231)
Adjustment to tax charge in respect of prior periods
( 112)
2
Effect of capital allowances and depreciation
( 153)
( 71)
Utilisation of tax losses
( 160)
Unused tax losses
160
Deferred tax movement
152
69
----------
--------
Tax on profit/(loss)
8,446
( 71)
----------
--------
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1st October 2023
4,978
3,407
8,385
Additions
1,110
1,110
Disposals
( 3,292)
( 3,292)
--------
--------
--------
At 30th September 2024
2,796
3,407
6,203
--------
--------
--------
Depreciation
At 1st October 2023
4,954
3,407
8,361
Charge for the year
278
278
Disposals
( 3,268)
( 3,268)
--------
--------
--------
At 30th September 2024
1,964
3,407
5,371
--------
--------
--------
Carrying amount
At 30th September 2024
832
832
--------
--------
--------
At 30th September 2023
24
24
--------
--------
--------
6. Debtors
2024
2023
£
£
Prepayments
9,246
17,521
Other debtors
98,016
43,904
-----------
----------
107,262
61,425
-----------
----------
Other debtors relates to supplier payments on account for hotel bookings.
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,648
10,648
Corporation tax
8,406
112
Directors' loan account
262,849
260,288
Accruals
6,279
3,096
Other creditors
6,000
-----------
-----------
288,182
280,144
-----------
-----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,571
17,625
Other creditors
50,000
50,000
----------
----------
57,571
67,625
----------
----------
Other creditors balance relates to the long term loan account owed to directors.
9. Provisions
Deferred tax (note 10)
£
At 1st October 2023
6
Other movements
152
-----
At 30th September 2024
158
-----
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 9)
158
6
-----
-----
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
158
6
-----
-----
11. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
40,000
40,000
40,000
40,000
----------
----------
----------
----------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
30,000
30,000
30,000
30,000
----------
----------
----------
----------
12. Directors' advances, credits and guarantees
The directors loan account was not overdrawn in the current or prior year.
13. Related party transactions
Controlling party The company is equally owned by the directors. The directors are the key management personnel of the company. Dividends paid to directors and shareholders No dividends were paid during the current or prior year.
14. Liability limitation agreement
The company entered into a liability limitation agreement on 9th April 2021. The agreement states that an amount will be owed by the auditor to the company in respect of any negligence, default, breach of duty or breach of trust, occurring in the course of the audit of accounts, of which the auditor may be guilty in relation to the company up to the limit of £500,000. Accounts were audited in 2021 but no audit has been required since 2021 accounts.
15. Guarantees and capital commitments
There is a bank debenture including a fixed and floating charge over the company's current and future assets.