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REGISTERED NUMBER: 05520816 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Decimal.(UK) Limited

Decimal.(UK) Limited (Registered number: 05520816)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Decimal.(UK) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: G Parsons





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 05520816 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Decimal.(UK) Limited (Registered number: 05520816)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 996 1,480

CURRENT ASSETS
Stocks 5 18,253 26,074
Debtors 6 1,134 1,453
Cash at bank 25,844 66,362
45,231 93,889
CREDITORS
Amounts falling due within one year 7 24,254 39,884
NET CURRENT ASSETS 20,977 54,005
TOTAL ASSETS LESS CURRENT LIABILITIES 21,973 55,485

CREDITORS
Amounts falling due after more than one year 8 (9,161 ) (19,167 )

PROVISIONS FOR LIABILITIES (189 ) (281 )
NET ASSETS 12,623 36,037

Decimal.(UK) Limited (Registered number: 05520816)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,523 35,937
SHAREHOLDERS' FUNDS 12,623 36,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2025 and were signed by:





G Parsons - Director


Decimal.(UK) Limited (Registered number: 05520816)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Decimal.(UK) 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.
Leasehold improvements - over remaining life of the lease
Office equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Decimal.(UK) Limited (Registered number: 05520816)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Decimal.(UK) Limited (Registered number: 05520816)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Leasehold Office
improvements equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 4,074 11,973 16,047
DEPRECIATION
At 1 August 2023 4,074 10,493 14,567
Charge for year - 484 484
At 31 July 2024 4,074 10,977 15,051
NET BOOK VALUE
At 31 July 2024 - 996 996
At 31 July 2023 - 1,480 1,480

5. STOCKS
2024 2023
£    £   
Stocks 18,253 26,074

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 816
Prepayments 1,134 637
1,134 1,453

Decimal.(UK) Limited (Registered number: 05520816)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,725 9,411
Tax 1,680 4,514
VAT 3,366 3,173
Directors' current accounts 723 11,106
Accrued expenses 1,760 1,680
24,254 39,884

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,161 10,000
Bank loans - 2-5 years - 9,167
9,161 19,167