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Registered Number: 08399772
England and Wales

 

 

 

DARKSIDE IT LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Darkside IT Limited for the year ended 31 August 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Darkside IT Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Darkside IT Limited and state those matters that we have agreed to state to the Board of Darkside IT Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Darkside IT Limited and its members as a body for our work or for this report.

It is your duty to ensure that Darkside IT Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Darkside IT Limited. You consider that Darkside IT Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Darkside IT Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Allazo Ltd
2 Claridge Court
Lower Kings Road
Berkhamsted
HP4 2AF
15 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 28,522    34,234 
28,522    34,234 
Current assets      
Debtors: amounts falling due within one year 177,575    193,021 
Cash at bank and in hand 180,512    286,365 
358,087    479,386 
Creditors: amount falling due within one year (2,511)   (63,572)
Net current assets 355,576    415,814 
 
Total assets less current liabilities 384,098    450,048 
Provisions for liabilities (7,131)   (6,504)
Net assets 376,967    443,544 
 

Capital and reserves
     
Called up share capital 4 15    15 
Profit and loss account 376,952    443,529 
Shareholders' funds 376,967    443,544 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 15 May 2025 and were signed by:


-------------------------------
Richard Black
Director
2
General Information
Darkside IT Limited is a private company, limited by shares, registered in England and Wales, registration number 08399772, registration address 2 Claridge Court, Lower Kings Road, Berkhamsted, Berkhamsted, HP4 2AF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of  "Small Entities" of Financial Reporting Standard 102" The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.  The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover includes revenue earned from the rendering of service, the policies adopted are as follows:


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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Other revenue is recognised when it is received or when the right to receive payment is established.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 or refundable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. Deferred tax assets and deferred tax liabilities are offset only if the company has legal right to set off against current tax liabilities and if they both relate to income tax levied by the same taxation authority on the same entity.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 18% Reducing Balance
Fixtures and Fittings 25% Straight Line
Computer Equipment 50% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The following are significant management judgements in applying the accounting policies of the group that have the most significant effect on the financial statements.
  • Fair value of investments held which is valued on an open market basis for the investments and is consdered reliable by the directors.
  • Going concern, the companys forecasts and projections, taking into account potential changes in trading patterns, indicate that the company will be able to continue current operations for the foreseeable future.
    The director has included new business opportunities within the scenario based forecasts and on this basis the director believes there is a reasonable expectation that the company will continue in operational existence for the foreseeable future.  Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.  
Subsequent events
There are no post balance sheet events which warrant adjustment or disclosure. 
Financial instruments
Financial assets
Basic financial assets, including trade and other debtors, inter-group loans, cash and bank balances, 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. Assets within one year are not amortised.
Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
2.

Average number of employees


Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 September 2023 47,225    158    6,624    54,007 
Additions     1,165    1,165 
Disposals      
At 31 August 2024 47,225    158    7,789    55,172 
Depreciation
At 01 September 2023 16,424    158    3,191    19,773 
Charge for year 5,544      1,333    6,877 
On disposals      
At 31 August 2024 21,968    158    4,524    26,650 
Net book values
Closing balance as at 31 August 2024 25,257      3,265    28,522 
Opening balance as at 01 September 2023 30,801      3,433    34,234 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
9 Ordinary shares of £1.00 each  
2 A Ordinary shares of £1.00 each  
2 B Ordinary shares of £1.00 each  
2 C Ordinary shares of £1.00 each  
15    15 

3