REGISTERED NUMBER: 02599512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DATASTART (WALES) LIMITED

TRADING AS

MERIT SOFTWARE

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A E Allen

Mr M Arran

Mr B Noden

Mr M Morgan

SECRETARY:

Mrs A E Allen

REGISTERED OFFICE:

Unit 5

Dolphin Court

Brunel Quay

Neyland

Pembrokeshire

SA73 1PY

REGISTERED NUMBER:

02599512 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Property, plant and equipment

5

28,442

28,198

CURRENT ASSETS

Debtors

6

772,880

1,386,714

Cash at bank and in hand

3,605,612

3,343,276

4,378,492

4,729,990

CREDITORS

Amounts falling due within one year

7

517,069

556,687

NET CURRENT ASSETS

3,861,423

4,173,303

TOTAL ASSETS LESS CURRENT LIABILITIES

3,889,865

4,201,501

PROVISIONS FOR LIABILITIES

7,111

5,358

NET ASSETS

3,882,754

4,196,143

CAPITAL AND RESERVES

Called up share capital

710

710

Capital redemption reserve

298

298

Retained earnings

3,881,746

4,195,135

SHAREHOLDERS' FUNDS

3,882,754

4,196,143

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2025 and were signed on its behalf by:

Mr M Arran - Director

1.	STATUTORY INFORMATION

Datastart (Wales) 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 (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Income recognition

The company's turnover represents the sale of goods and services. the company recognises income as soon as the customers order has been completed and a sales invoice billed and sent to the customer.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 38 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

15,194

76,023

128,743

219,960

Additions

-

2,448

4,927

7,375

At 31 March 2025

15,194

78,471

133,670

227,335

DEPRECIATION

At 1 April 2024

15,194

63,092

113,476

191,762

Charge for year

-

2,644

4,487

7,131

At 31 March 2025

15,194

65,736

117,963

198,893

NET BOOK VALUE

At 31 March 2025

-

12,735

15,707

28,442

At 31 March 2024

-

12,931

15,267

28,198

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

267,964

404,580

Other debtors

504,916

484,134

772,880

888,714

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

-

498,000

Aggregate amounts

772,880

1,386,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,339

31,320

Taxation and social security

480,068

514,178

Other creditors

11,662

11,189

517,069

556,687

8.	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

£

£

Mr M Arran and Mrs A E Allen

Balance outstanding at start of year

743,579

724,483

Amounts advanced

17,957

19,096

Amounts repaid

(498,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

263,536

743,579

Interest has been charged at the HMRC official rate of 2.25% on the loans and no terms have been agreed for repayment.