Registered number
07354653
DSG IT SERVICES LIMITED
Filleted Accounts
31 August 2024
DSG IT SERVICES LIMITED
Registered number: 07354653
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,210 6,512
Investments 4 6,438 6,438
11,648 12,950
Current assets
Cash at bank and in hand 609 926
Creditors: amounts falling due within one year 5 (5,579) (5,579)
Net current liabilities (4,970) (4,653)
Net assets 6,678 8,297
Capital and reserves
Called up share capital 2 2
Profit and loss account 6,676 8,295
Shareholders' funds 6,678 8,297
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered 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.
Mr Deepak Sharma
Director
Approved by the board on 10 February 2025
DSG IT SERVICES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 on 20% Reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 27,231
At 31 August 2024 27,231
Depreciation
At 1 September 2023 20,719
Charge for the year 1,302
At 31 August 2024 22,021
Net book value
At 31 August 2024 5,210
At 31 August 2023 6,512
4 Investments
Other
investments
£
Cost
At 1 September 2023 6,438
At 31 August 2024 6,438
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 5,579 5,579
6 Other information
The company has ceased trading Since 31/03/2020.
DSG IT SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
18 Hibbert Avenue
Watford
WD24 4HD
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