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Company Registration Number: 10766016 (England and Wales)

Dataflow Verification Services (UK) Limited

Annual Report and Financial Statements

for the Year Ended 31 March 2025

 

Dataflow Verification Services (UK) Limited

Contents

Company Information

1

Strategic Report

2

Directors' Report

3

Statement of Directors' Responsibilities

4

Independent Auditor's Report

5 to 7

Profit and Loss Account

8

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Financial Statements

13 to 16

 

Dataflow Verification Services (UK) Limited

Company Information

Directors

Sunil Kumar

Tony Fargher

Registered office

6th floor
60 Gracechurch Street
London
EC3V 0HR

Auditors

Just Audit & Assurance Ltd
Chartered Accountants 37 Market Square
Witney
Oxon
OX28 6RE

 

Dataflow Verification Services (UK) Limited

Strategic Report for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Principal activity

The principal activity of the company is data verification services

Fair review of the business

Turnover for the accounting period was in line with the directors' expectations at £39,170.
The company's administrative expenses totalled £35,609 This level of expenditure was in line with the directors' expectations.
The company's profit before tax for the reporting period was £3,561. The directors consider this to be in line with expectations.
The company has performed well in the current financial year and the directors expect company's level of trading to be maintained in the foreseeable future.

Principal risks and uncertainties

Competition - The company operates in a very competitive environment. Service level and charges are kept under constant review to ensure that they meet market demands.

Foreign exchange movements - As the company's major customers are based overseas there is a greater exposure to movements in foreign currency.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Tony Fargher
Director

 

Dataflow Verification Services (UK) Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Sunil Kumar

Tony Fargher

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

Just Audit & Assurance Ltd are deemed to be reappointed in accordance with an elective resolution made under section 386 of the Companies Act 1985 which continued in force under the Companies Act 2006.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Tony Fargher
Director

 

Dataflow Verification Services (UK) Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Dataflow Verification Services (UK) Limited

Independent Auditor's Report to the Members of Dataflow Verification Services (UK) Limited

Opinion

We have audited the financial statements of Dataflow Verification Services (UK) Limited (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 13 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. In common with many businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of financial statements.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

Dataflow Verification Services (UK) Limited

Independent Auditor's Report to the Members of Dataflow Verification Services (UK) Limited

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

 

Dataflow Verification Services (UK) Limited

Independent Auditor's Report to the Members of Dataflow Verification Services (UK) Limited

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

image-name







Jonathan Russell (Senior Statutory Auditor)
For and on behalf of Just Audit & Assurance Ltd, Statutory Auditor

37 Market Square
Witney
Oxon
OX28 6RE

2 June 2025

 

Dataflow Verification Services (UK) Limited

Profit and Loss Account for the Year Ended 31 March 2025

Note

2025
£

2024
£

Turnover

3

39,170

170,576

Gross profit

 

39,170

170,576

Administrative expenses

 

(35,609)

(155,070)

Operating profit

3,561

15,506

Profit before tax

 

3,561

15,506

Tax on profit

6

(576)

(2,946)

Profit for the financial year

 

2,985

12,560

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Dataflow Verification Services (UK) Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

2025
£

2024
£

Profit for the year

2,985

12,560

Total comprehensive income for the year

2,985

12,560

 

Dataflow Verification Services (UK) Limited

(Registration number: 10766016)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Debtors

7

130,570

129,855

Creditors: Amounts falling due within one year

8

(9,223)

(11,493)

Net assets

 

121,347

118,362

Capital and reserves

 

Called up share capital

50,000

50,000

Retained earnings

71,347

68,362

Shareholders' funds

 

121,347

118,362

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Sunil Kumar
Director

.........................................
Tony Fargher
Director

 

Dataflow Verification Services (UK) Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

Share capital
£

Retained earnings
£

Total
£

At 1 April 2024

50,000

68,362

118,362

Profit for the year

-

2,985

2,985

At 31 March 2025

50,000

71,347

121,347

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

50,000

55,802

105,802

Profit for the year

-

12,560

12,560

At 31 March 2024

50,000

68,362

118,362

 

Dataflow Verification Services (UK) Limited

Statement of Cash Flows for the Year Ended 31 March 2025

Note

2025
£

2024
£

Cash flows from operating activities

Profit for the year

 

2,985

12,560

Adjustments to cash flows from non-cash items

 

Income tax expense

6

576

2,946

 

3,561

15,506

Working capital adjustments

 

Increase in trade debtors

7

(715)

(13,325)

Increase in trade creditors

8

-

406

Cash generated from operations

 

2,846

2,587

Income taxes paid

6

(2,846)

(2,587)

Net cash flow from operating activities

 

-

-

Net increase/(decrease) in cash and cash equivalents

 

-

-

Cash and cash equivalents at 1 April

 

-

-

Cash and cash equivalents at 31 March

 

-

-

 

Dataflow Verification Services (UK) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6th floor
60 Gracechurch Street
London
EC3V 0HR

The principal place of business is:
6th floor
60 Gracechurch Street
London
EC3V 0HR

These financial statements were authorised for issue by the Board on 23 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dataflow Verification Services (UK) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's revenue for the year from continuing operations is as follows:

2025
 £

2024
 £

Rendering of services

39,170

170,576

4

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2025
 £

2024
 £

Wages and salaries

24,000

124,715

Social security costs

-

9,700

Pension costs, defined contribution scheme

533

2,554

Redundancy costs

-

7,388

24,533

144,357

 

Dataflow Verification Services (UK) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2025
No.

2024
No.

Administration and support

2

2

Sales, marketing and distribution

1

2

3

4

5

Auditors' remuneration

2025
 £

2024
 £

Audit of the financial statements

8,547

8,547


 

6

Taxation

Tax charged/(credited) in the income statement

2025
 £

2024
 £

Current taxation

UK corporation tax

576

2,946

7

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

11

130,570

129,855

   

130,570

129,855

8

Creditors

Note

2025
 £

2024
 £

Due within one year

 

Accrued expenses

 

8,547

8,547

Income tax liability

6

676

2,946

 

9,223

11,493

 

Dataflow Verification Services (UK) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

9

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £533 (2024 - £2,554).

10

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

50,000

50,000

50,000

50,000

       

11

Related party transactions

Summary of transactions with parent

Company's turnover represents services rendered to it's parent company Dataflow Verification Services Limited, registered in British Virgin Islands. Amount owed by the parent company was £130,570 (2024 £129,855 ).

12

Parent and ultimate parent undertaking

The company's immediate parent is Dataflow Verification Services Limited, incorporated in British Virgin Islands.

 

13

APB Ethical Standards relevant circumstances

In common with many businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of financial statements.