| Differentis Ltd |
| Registered number: |
04015681 |
| Statement of Financial Position |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,065 |
|
|
91 |
|
| Current assets |
| Debtors |
4 |
|
1,676,850 |
|
|
1,622,852 |
| Cash at bank and in hand |
|
|
12,948 |
|
|
2,550 |
|
|
|
1,689,798 |
|
|
1,625,402 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,651,555) |
|
|
(1,415,787) |
|
| Net current assets |
|
|
|
38,243 |
|
|
209,615 |
|
| Total assets less current liabilities |
|
|
|
40,308 |
|
|
209,706 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(114,816) |
|
|
(167,615) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(74,508) |
|
|
42,091 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(75,508) |
|
|
41,091 |
|
| Shareholder's funds |
|
|
|
(74,508) |
|
|
42,091 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D J King |
| Director |
| Approved by the board on 24 December 2025 |
|
| Differentis Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Going concern |
|
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade with financial support from associated undertakings. The director is planning to maintain this financial support for the company for the foreseeable future. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
33.33% on cost |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
|
| 2 |
Employees and directors |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
22 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
2,481 |
|
Additions |
3,098 |
|
At 31 March 2025 |
5,579 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
2,390 |
|
Charge for the year |
1,124 |
|
At 31 March 2025 |
3,514 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
2,065 |
|
At 31 March 2024 |
91 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
269,152 |
|
656,037 |
|
Prepayments |
6,527 |
|
4,631 |
|
Accrued income |
250,000 |
|
420,181 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,055,866 |
|
488,519 |
|
Other debtors |
95,305 |
|
53,484 |
|
|
|
|
|
|
1,676,850 |
|
1,622,852 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
282,549 |
|
545,231 |
|
Trade creditors |
514,492 |
|
261,726 |
|
Accruals |
471,730 |
|
482,917 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
613 |
|
Corporation tax |
70,913 |
|
40,662 |
|
Other taxes and social security costs |
304,474 |
|
82,354 |
|
Other creditors |
7,397 |
|
2,284 |
|
|
|
|
|
|
1,651,555 |
|
1,415,787 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
114,816 |
|
167,615 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
113,350 |
|
80,976 |
|
|
|
|
|
|
|
|
|
|
Barclays Bank PLC holds fixed and floating charges over the assets of the company. |
|
|
| 8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
D J King |
|
Repayable on demand |
16,160 |
|
97,738 |
|
42,642 |
|
71,256 |
|
|
|
16,160 |
|
97,738 |
|
42,642 |
|
71,256 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
Marjolo Partners Ltd |
|
Associated undertaking of Differentis Ltd |
|
Amount due from (to) the related party |
585,544 |
|
306,613 |
|
|
Marjolo Solutions Ltd |
|
Associated undertaking of Differentis Ltd |
|
Amount due from (to) the related party |
183,235 |
|
14,832 |
|
|
Mackron Ltd |
|
100% parent company of Differentis Ltd |
|
Dividends paid |
|
|
|
|
|
|
240,000 |
|
Amount due from (to) the related party |
2,217 |
|
(613) |
|
|
Differentis Advisory Ltd |
|
Associated undertaking of Differentis Ltd |
|
Accrued management charges |
|
123,000 |
|
150,000 |
|
Amount due from (to) the related party |
284,870 |
|
167,074 |
|
|
| 10 |
Controlling party |
|
|
Differentis Limited is a 100% subsidiary of Mackron Limited who is 100% subsidiary of Marjolo Limited. Marjolo Limited is a company registered in the UK. The registered address is: |
|
|
Acero |
|
1 Concourse Way |
|
Sheffield |
|
S1 2BJ |
|
| 11 |
Other information |
|
|
Differentis Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Acero |
|
1 Concourse Way |
|
Sheffield |
|
S1 2BJ |