REGISTERED NUMBER: 05700154 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

DIGITAL ACCESS SOLUTIONS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

290,000

290,000

CURRENT ASSETS

Cash at bank

2,122

2,421

CREDITORS

Amounts falling due within one year

5

7,500

10,333

NET CURRENT LIABILITIES

(5,378

)

(7,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

284,622

282,088

PROVISIONS FOR LIABILITIES

25,229

25,229

NET ASSETS

259,393

256,859

CAPITAL AND RESERVES

Called up share capital

7

2

2

Fair value reserve

8

132,610

132,610

Retained earnings

126,781

124,247

SHAREHOLDERS' FUNDS

259,393

256,859

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2025 and were signed by:

Mr D P Rapley - Director

1.	STATUTORY INFORMATION

Digital Access Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05700154

Registered office:

Ingram House

6 Meridian Way

Norwich

Norfolk

NR7 0TA

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.

At 28 February 2025 the company had net current liabilities of £5,378. The director considers that, on the basis of anticipated trading and forecasts, and continued director support, the company will trade profitably and meet its obligations as they fall due and, accordingly, the financial statements are prepared on the going concern basis.

The financial statements are presented in sterling, which is the functional currency of the company.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	AVERAGE NUMBER OF EMPLOYEES

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

290,000

NET BOOK VALUE

At 28 February 2025

290,000

At 29 February 2024

290,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2025

290,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

143,735

143,735

Investment property was valued on a fair value basis on 28 February 2025 by the director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,830

Taxation and social security

829

1,201

Other creditors

6,671

7,302

7,500

10,333

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

1,830

The security takes the form of a fixed charge over the investment property.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Fair

value

reserve

£

At 1 March 2024

and 28 February 2025

132,610