Differentis Ltd
Registered number: 04015681
Statement of Financial Position
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 91 277
Current assets
Debtors 4 1,622,852 1,067,141
Cash at bank and in hand 2,550 88,233
1,625,402 1,155,374
Creditors: amounts falling due within one year 5 (1,415,787) (901,259)
Net current assets 209,615 254,115
Total assets less current liabilities 209,706 254,392
Creditors: amounts falling due after more than one year 6 (167,615) (208,192)
Net assets 42,091 46,200
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 41,091 45,200
Shareholder's funds 42,091 46,200
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J King
Director
Approved by the board on 28 March 2025
Differentis Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33.33% on cost
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 7 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,481
At 31 March 2024 2,481
Depreciation
At 1 April 2023 2,204
Charge for the year 186
At 31 March 2024 2,390
Net book value
At 31 March 2024 91
At 31 March 2023 277
4 Debtors 2024 2023
£ £
Trade debtors 656,037 401,572
Prepayments 4,631 5,850
Accrued income 420,181 8,776
Amounts owed by group undertakings and undertakings in which the company has a participating interest 488,519 -
Other debtors 53,484 650,943
1,622,852 1,067,141
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 545,231 149,433
Trade creditors 261,726 198,483
Accruals 482,917 237,295
Amounts owed to group undertakings and undertakings in which the company has a participating interest 613 263,319
Corporation tax 40,662 18,855
Other taxes and social security costs 82,354 31,003
Other creditors 2,284 2,871
1,415,787 901,259
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 167,615 208,192
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 80,976 -
Barclays Bank PLC holds fixed and floating charges over the assets of the company.
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D J King
Repayable on demand - 16,160 - 16,160
- 16,160 - 16,160
9 Related party transactions 2024 2023
£ £
Marjolo Partners Ltd
Associated undertaking of Differentis Ltd
Amount due from (to) the related party 306,613 397,778
Marjolo Solutions Ltd
Associated undertaking of Differentis Ltd
Amount due from (to) the related party 14,832 114,832
Mackron Ltd
100% parent company of Differentis Ltd
Dividends paid 240,000 267,000
Amount due from (to) the related party (613) (263,319)
Differentis Advisory Ltd
Associated undertaking of Differentis Ltd
Accrued management charges 150,000 108,000
Amount due from (to) the related party 167,074 77,500
10 Controlling party
Differentis Limited is a 100% subsidiary of Mackron Limited who is 100% subsidiary of Marjolo Limited. Marjolo Limited is a company registered in the UK. The registered address is:
Acero
1 Concourse Way
Sheffield
S1 2BJ
11 Other information
Differentis Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Acero
1 Concourse Way
Sheffield
S1 2BJ
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