Registration number: 11355385

Daizy Tech Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Daizy Tech Ltd

Company Information

Directors

Mr D R Ffoulkes-Jones Mr P D Dobson Mr D R Bowes

Registered office

Unit 7 Stanley Court Richard Jones Road Witney Oxfordshire OX29 0TB

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Daizy Tech Ltd

(Registration number: 11355385)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	16	468
Current assets
Stocks	5	1,167	1,675
Debtors	6	19,170	55,371
Investments	7	511	511
Cash at bank and in hand		41,778	160,697
		62,626	218,254
Creditors: Amounts falling due within one year	8	(59,336)	(96,019)
Net current assets		3,290	122,235
Net assets		3,306	122,703
Capital and reserves
Called up share capital	9	7,617	7,617
Share premium reserve		558,769	558,769
Capital redemption reserve		338	338
Retained earnings		(563,418)	(444,021)
Shareholders' funds		3,306	122,703

For the financial year ending 31 January 2025 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 10 July 2025 and signed on its behalf by:
 

Mr D R Ffoulkes-Jones
Director

Daizy Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
Unit 7 Stanley Court
Richard Jones Road
Witney
Oxfordshire
OX29 0TB

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.

Going concern

The financial statements have been prepared on a going concern basis. The company has incurred trading losses since incorporation as it continues to invest in research and development.

The directors monitor cashflow closely and believe that the company has sufficient cash reserves to continue to trade for the 12 months from the date these financial statements are approved.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

Daizy Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

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
Furniture, fittings and equipment	33.33% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Daizy Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 5).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	4,216	4,216
At 31 January 2025	4,216	4,216
Depreciation
At 1 February 2024	3,748	3,748
Charge for the year	452	452
At 31 January 2025	4,200	4,200
Carrying amount
At 31 January 2025	16	16
At 31 January 2024	468	468

Daizy Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

	2025 £	2024 £
Other inventories	1,167	1,675

6

Debtors

Current	2025 £	2024 £
Trade debtors	7,895	44,035
Prepayments	569	570
Other debtors	10,706	10,766
	19,170	55,371

7	Current asset investments

	2025 £	2024 £
Own shares	511	511

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	13,391	6,619
Taxation and social security	17,392	26,116
Accruals and deferred income	27,777	58,604
Other creditors	776	4,680
	59,336	96,019

Daizy Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.01 each	223,458	2,235	223,458	2,235
Ordinary A of £0.01 each	405,956	4,060	405,956	4,060
Ordinary B of £0.01 each	18,314	183	18,314	183
Ordinary C of £0.01 each	114,000	1,140	114,000	1,140
	761,728	7,617	761,728	7,617