Datasystems (Midlands) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06511006 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2019

for

Datasystems (Midlands) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Guy

SECRETARY:

M Cooper

REGISTERED OFFICE:

St Thomas House

83 Wolverhampton Road

Cannock

Staffordshire

WS11 1AR

REGISTERED NUMBER:

06511006 (England and Wales)

ACCOUNTANTS:

CJM Associates

St Thomas House

83 Wolverhampton Road

Cannock

Staffordshire

WS11 1AR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,638

2,787

2,638

2,787

CURRENT ASSETS

Debtors

22,645

28,191

Cash at bank and in hand

35,953

18,653

58,598

46,844

CREDITORS

Amounts falling due within one year

31,441

27,770

NET CURRENT ASSETS

27,157

19,074

TOTAL ASSETS LESS CURRENT LIABILITIES

29,795

21,861

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,695

21,761

SHAREHOLDERS' FUNDS

29,795

21,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 3 December 2019 and were signed by:

N Guy - Director

1.	STATUTORY INFORMATION

Datasystems (Midlands) 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.

Significant judgements and estimates

There have been no significant judgements or estimates made in the

preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales

taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial

recognition, intangible assets are measured at cost less any accumulated

amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% 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 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 5 (2018 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

35,000

AMORTISATION

At 1 April 2018

and 31 March 2019

35,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

5,411

Additions

548

At 31 March 2019

5,959

DEPRECIATION

At 1 April 2018

2,624

Charge for year

697

At 31 March 2019

3,321

NET BOOK VALUE

At 31 March 2019

2,638

At 31 March 2018

2,787

6.	ULTIMATE CONTROLLING PARTY

The controlling party is N Guy.