REGISTERED NUMBER: 04640927 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Datem Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Bashford

M Steggar

G K Shaw

REGISTERED OFFICE:

Woodbridge Road Industrial Estate

Sleaford

Lincolnshire

NG34 7EW

REGISTERED NUMBER:

04640927 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

311,473

124,207

Investment property

6

340,523

340,523

651,996

464,730

CURRENT ASSETS

Stocks

640,000

500,000

Debtors

7

248,920

439,276

Cash at bank

473,619

275,815

1,362,539

1,215,091

CREDITORS

Amounts falling due within one year

8

248,219

250,191

NET CURRENT ASSETS

1,114,320

964,900

TOTAL ASSETS LESS CURRENT LIABILITIES

1,766,316

1,429,630

CREDITORS

Amounts falling due after more than one year

9

(202,157

)

-

PROVISIONS FOR LIABILITIES

(25,714

)

(29,214

)

NET ASSETS

1,538,445

1,400,416

CAPITAL AND RESERVES

Called up share capital

10

60

60

Capital redemption reserve

40

40

Retained earnings

1,538,345

1,400,316

SHAREHOLDERS' FUNDS

1,538,445

1,400,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M Steggar - Director

1.	STATUTORY INFORMATION

Datem Ltd 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.

Goodwill

Know-how, being the amount paid in connection with the acquisition of a business in 2004, is being amortised over its estimated useful life at 25% per annum on reducing balance.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% Straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

84,000

AMORTISATION

At 1 January 2024

and 31 December 2024

84,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

172,233

78,107

176,464

54,124

480,928

Additions

4,068

3,768

341,347

582

349,765

Disposals

(1,800

)

-

(127,902

)

-

(129,702

)

At 31 December 2024

174,501

81,875

389,909

54,706

700,991

DEPRECIATION

At 1 January 2024

140,572

70,689

95,776

49,684

356,721

Charge for year

8,932

2,796

102,695

4,334

118,757

Eliminated on disposal

(1,756

)

-

(84,204

)

-

(85,960

)

At 31 December 2024

147,748

73,485

114,267

54,018

389,518

NET BOOK VALUE

At 31 December 2024

26,753

8,390

275,642

688

311,473

At 31 December 2023

31,661

7,418

80,688

4,440

124,207

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

36,557

Additions

304,347

Disposals

(36,557

)

At 31 December 2024

304,347

DEPRECIATION

At 1 January 2024

20,303

Charge for year

79,806

Eliminated on disposal

(24,023

)

At 31 December 2024

76,086

NET BOOK VALUE

At 31 December 2024

228,261

At 31 December 2023

16,254

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

340,523

NET BOOK VALUE

At 31 December 2024

340,523

At 31 December 2023

340,523

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

179,461

313,530

Other debtors

69,459

125,746

248,920

439,276

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

26,352

1,792

Trade creditors

106,308

156,342

Taxation and social security

105,014

87,678

Other creditors

10,545

4,379

248,219

250,191

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

202,157

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

60

Ordinary

£1

60

60

11.	ULTIMATE CONTROLLING PARTY

Mr D Bashford (director) and his wife together own 100% of the issued share capital and as a result control the company.