REGISTERED NUMBER: 01829889 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Databac Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Balcomb

D R Balcomb

REGISTERED OFFICE:

1 The Ashway Centre

Elm Crescent

Kingston upon Thames

Surrey

KT2 6HH

REGISTERED NUMBER:

01829889 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

1,229,339

1,246,910

Current assets

Stocks

104,757

81,988

Debtors

5

212,109

244,331

Cash at bank and in hand

19,425

2,271

336,291

328,590

Creditors

Amounts falling due within one year

6

(289,993

)

(337,679

)

Net current assets/(liabilities)

46,298

(9,089

)

Total assets less current liabilities

1,275,637

1,237,821

Creditors

Amounts falling due after more than one year

7

(25,103

)

(30,919

)

Provisions for liabilities

8

(65,822

)

(53,891

)

Net assets

1,184,712

1,153,011

Capital and reserves

Called up share capital

362

362

Revaluation reserve - Property

9

831,147

831,147

Capital redemption reserve

9

138

138

Revaluation reserve

Machinery, Equipments

& Furniture

9

6,000

9,000

Retained earnings

9

347,065

312,364

1,184,712

1,153,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

C R Balcomb - Director

1.	STATUTORY INFORMATION

Databac Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company during the year was the manufacture of identification cards for high security applications.

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 as modified by the revaluation of certain assets.

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property

Not Provided

Plant and machinery

25% on cost

Fixtures and fittings

25% on cost

Computer equipment

25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS

The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX

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

FOREIGN EXCHANGE

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

LEASES

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

PENSION

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a plan under which the Company pays fixed contributions into separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the company are held separately from the Company in an independently administered fund.

GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

1,200,000

190,809

91,981

9,540

1,492,330

Additions

-

-

4,041

-

4,041

At 31 March 2025

1,200,000

190,809

96,022

9,540

1,496,371

DEPRECIATION

At 1 April 2024

-

153,596

82,284

9,540

245,420

Charge for year

-

17,642

3,970

-

21,612

At 31 March 2025

-

171,238

86,254

9,540

267,032

NET BOOK VALUE

At 31 March 2025

1,200,000

19,571

9,768

-

1,229,339

At 31 March 2024

1,200,000

37,213

9,697

-

1,246,910

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2017

492,315

-

-

-

492,315

Valuation in 2022

-

15,000

-

-

15,000

Valuation in 2023

486,336

-

-

-

486,336

Cost

221,349

175,809

96,022

9,540

502,720

1,200,000

190,809

96,022

9,540

1,496,371

The fair value of the property has been arrived at on the basis of a valuation carried out by the directors at the balance sheet date based on their opinion of the open market value at that date. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

201,008

236,459

Other debtors

11,101

7,872

212,109

244,331

The directors consider the carrying value of trade and other receivables approximate to their fair value.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,780

58,261

Trade creditors

202,257

204,511

Taxation and social security

44,002

36,708

Other creditors

37,954

38,199

289,993

337,679

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,103

30,919

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

65,822

53,891

Deferred

tax

£

Balance at 1 April 2024

53,891

Provided during year

11,931

Balance at 31 March 2025

65,822

9.

RESERVES

Distributable reserves consist of retained earnings.

Non distributable reserves consist of capital redemption reserve and fair value adjustments,deferred tax in relation to freehold property, plant and machinery.

At the balance sheet date the reserves therefore comprise of the following:

Distributable reserves: £347,065

Non Distributable reserves:

Freehold property- £831,147

Plant and machinery- £6,000

Capital redemption- £138

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,207 (2024 - £14,229).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D R Balcomb and C R Balcomb

Balance outstanding at start of year

(27,500

)

(20,000

)

Amounts advanced

39,500

-

Amounts repaid

(42,624

)

(7,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(30,624

)

(27,500

)

12.	RELATED PARTY DISCLOSURES

As at the balance sheet date included in creditors were amounts of £30,624 (2024 - £27,500) due to the directors.This loan is interest free and repayable on demand.

Databac Group SL is a company registered in Spain which is controlled directly by Charles Balcomb a director of Databac Group Ltd.

Included in turnover is sales of £25,880 (2024 - £787) made to Databac group SL and at the balance sheet date included in trade debtors were amounts of £2,124 (2024 - £900) due from them.

Company has incurred expenses of commission payable £23,922 (2024 - £18,966) and advertising and marketing £14,828 (2024 - £11,017) to Databac group SL and at the balance sheet date included in trade creditors were the amount of £41,931 (2024 - £41,227) due to them.