Data Technology Limited 02154023 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is professional support services, including application consulting and technical managed application services. Digita Accounts Production Advanced 6.30.9574.0 true false 02154023 2024-01-01 2024-12-31 02154023 2024-12-31 02154023 bus:OrdinaryShareClass1 2024-12-31 02154023 core:CurrentFinancialInstruments 2024-12-31 02154023 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02154023 core:FurnitureFittingsToolsEquipment 2024-12-31 02154023 bus:SmallEntities 2024-01-01 2024-12-31 02154023 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02154023 bus:FullAccounts 2024-01-01 2024-12-31 02154023 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02154023 bus:RegisteredOffice 2024-01-01 2024-12-31 02154023 bus:Director4 2024-01-01 2024-12-31 02154023 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02154023 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02154023 core:ComputerEquipment 2024-01-01 2024-12-31 02154023 core:FurnitureFittings 2024-01-01 2024-12-31 02154023 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02154023 core:LeaseholdImprovements 2024-01-01 2024-12-31 02154023 countries:EnglandWales 2024-01-01 2024-12-31 02154023 2023-12-31 02154023 core:CostValuation 2023-12-31 02154023 core:FurnitureFittingsToolsEquipment 2023-12-31 02154023 2023-01-01 2023-12-31 02154023 2023-12-31 02154023 bus:OrdinaryShareClass1 2023-12-31 02154023 core:CurrentFinancialInstruments 2023-12-31 02154023 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02154023 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02154023

Data Technology Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Data Technology Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Data Technology Limited

(Registration number: 02154023)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,310

11,500

Investments

5

56,438

56,438

 

61,748

67,938

Current assets

 

Debtors

6

1,282,927

1,504,060

Cash at bank and in hand

 

1,942,540

2,363,837

 

3,225,467

3,867,897

Creditors: Amounts falling due within one year

7

(2,435,576)

(3,066,427)

Net current assets

 

789,891

801,470

Net assets

 

851,639

869,408

Capital and reserves

 

Called up share capital

8

100,000

100,000

Profit and loss account

751,639

769,408

Shareholders' funds

 

851,639

869,408

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

.........................................
A P J Machado
Director

 

Data Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
C/O Sterlings Ltd
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 5 June 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Group accounts not prepared

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking qualifies as a small group. The company has therefore taken advantage of the exemptions from preparing group accounts under section 399 of the Companies Act 2006.

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.

 

Data Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current corporation 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% Straight line

Computer equipment

33% Straight line

Short-term leasehold property

Over the lease term

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

 

Data Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 21).

 

Data Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

37,357

37,357

Disposals

(5,734)

(5,734)

At 31 December 2024

31,623

31,623

Depreciation

At 1 January 2024

25,857

25,857

Charge for the year

6,190

6,190

Eliminated on disposal

(5,734)

(5,734)

At 31 December 2024

26,313

26,313

Carrying amount

At 31 December 2024

5,310

5,310

At 31 December 2023

11,500

11,500

5

Investments

2024
£

2023
£

Investments in subsidiaries

56,438

56,438

Subsidiaries

£

Cost or valuation

At 1 January 2024

56,438

Carrying amount

At 31 December 2024

56,438

At 31 December 2023

56,438

 

Data Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

396,922

609,050

Prepayments

886,005

895,010

 

1,282,927

1,504,060

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

481,383

433,168

Taxation and social security

194,714

465,904

Accruals and deferred income

1,745,982

2,153,195

Other creditors

13,497

14,160

2,435,576

3,066,427

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100,000

100,000

100,000

100,000

         

9

Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.