REGISTERED NUMBER: 02489228 (England and Wales)

DATAPACE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Grace

SECRETARY:

REGISTERED OFFICE:

Units A, B & C

Hayfield Business Park

Aspley Guise

Milton Keynes

Buckinghamshire

MK17 8HS

REGISTERED NUMBER:

02489228 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

106,070

141,426

CURRENT ASSETS

Debtors

5

3,732,438

2,755,961

Investments

6

1,362,274

538,172

Cash at bank and in hand

897,552

972,969

5,992,264

4,267,102

CREDITORS

Amounts falling due within one year

7

2,275,875

958,160

NET CURRENT ASSETS

3,716,389

3,308,942

TOTAL ASSETS LESS CURRENT LIABILITIES

3,822,459

3,450,368

CREDITORS

Amounts falling due after more than one year

8

(3,527

)

(13,925

)

PROVISIONS FOR LIABILITIES

9

(62,475

)

(55,533

)

NET ASSETS

3,756,457

3,380,910

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

3,756,257

3,380,710

SHAREHOLDERS' FUNDS

3,756,457

3,380,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 October 2025 and were signed by:

A Grace - Director

1.	STATUTORY INFORMATION

Datapace Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 60 (2024 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Property

Plant and

and

improvements

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

149,879

330,152

86,728

566,759

DEPRECIATION

At 1 March 2024

90,845

251,993

82,495

425,333

Charge for year

14,756

19,543

1,057

35,356

At 28 February 2025

105,601

271,536

83,552

460,689

NET BOOK VALUE

At 28 February 2025

44,278

58,616

3,176

106,070

At 29 February 2024

59,034

78,159

4,233

141,426

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

2,003,434

1,596,046

Directors' current accounts

-

1,973

Prepayments and accrued income

1,729,004

1,157,942

3,732,438

2,755,961

6.	CURRENT ASSET INVESTMENTS

28.2.25

29.2.24

£

£

Unlisted investments

830,352

6,250

Fixed interest loan notes

531,922

531,922

1,362,274

538,172

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

139,518

10,180

Trade creditors

596,430

568,089

Corporation tax

161,037

121,238

Social security and other taxes

52,186

50,246

VAT

200,789

185,158

Directors' current accounts

1,108,958

-

Accrued expenses

16,957

23,249

2,275,875

958,160

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans - 1-2 years

3,527

10,430

Bank loans - 2-5 years

-

3,495

3,527

13,925

9.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

Accelerated capital allowances

10,313

14,260

Accrued interest receivable

52,162

41,273

62,475

55,533

Deferred

tax

£

Balance at 1 March 2024

55,533

Charge to Income Statement during year

6,942

Balance at 28 February 2025

62,475

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

200

£1 ordinary

£1

200

200

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2025 and the period ended 29 February 2024:

28.2.25

29.2.24

£

£

A Grace

Balance outstanding at start of year

(1,973

)

6,698

Amounts advanced

1,110,931

-

Amounts repaid

-

(8,671

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,108,958

(1,973

)