Dataonline (UK) Limited Filleted accounts for Companies House (small and micro)

DATAONLINE (UK) LIMITED - Company Information

3 false false false false false false false false false true false false false false true false No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03461235 2021-01-01 2021-12-31 03461235 2021-12-31 03461235 2020-12-31 03461235 2020-01-01 2020-12-31 03461235 2020-12-31 03461235 core:PlantMachinery 2021-01-01 2021-12-31 03461235 core:FurnitureFittings 2021-01-01 2021-12-31 03461235 bus:RegisteredOffice 2021-01-01 2021-12-31 03461235 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 03461235 bus:Director1 2021-01-01 2021-12-31 03461235 bus:Director3 2021-01-01 2021-12-31 03461235 bus:Director4 2021-01-01 2021-12-31 03461235 core:PlantMachinery 2020-12-31 03461235 core:FurnitureFittings 2020-12-31 03461235 core:PlantMachinery 2021-12-31 03461235 core:FurnitureFittings 2021-12-31 03461235 core:WithinOneYear 2021-12-31 03461235 core:WithinOneYear 2020-12-31 03461235 core:ShareCapital 2021-12-31 03461235 core:ShareCapital 2020-12-31 03461235 core:RetainedEarningsAccumulatedLosses 2021-12-31 03461235 core:RetainedEarningsAccumulatedLosses 2020-12-31 03461235 core:FurnitureFittings 2020-12-31 03461235 bus:SmallEntities 2021-01-01 2021-12-31 03461235 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 03461235 bus:FullAccounts 2021-01-01 2021-12-31 03461235 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 03461235 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03461235 core:OfficeEquipment 2021-01-01 2021-12-31 03461235 core:OfficeEquipment 2021-12-31 03461235 core:OfficeEquipment 2020-12-31

COMPANY REGISTRATION NUMBER: 03461235

Dataonline (UK) Limited

Filleted Unaudited Financial Statements

31 December 2021

Dataonline (UK) Limited

Financial Statements

Year ended 31 December 2021

Contents	Page

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Dataonline (UK) Limited

Officers and Professional Advisers

The board of directors	Mr N Bell
	Mr M Adams
	Mr R Barnacle

Registered office	10 Canberra House
	Corbygate Business Park
	Corby
	Northamptonshire
	NN17 5JG

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Bankers	Barclays Bank PLC

Dataonline (UK) Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Dataonline (UK) Limited

Year ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dataonline (UK) Limited for the year ended 31 December 2021, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Dataonline (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 13 July 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Dataonline (UK) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dataonline (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dataonline (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dataonline (UK) Limited. You consider that Dataonline (UK) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Dataonline (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

23 September 2022

Dataonline (UK) Limited

Statement of Financial Position

31 December 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		563	979

Current assets

Debtors	6	142,749	101,745
Cash at bank and in hand		9,391	28,504
		---------	---------
		152,140	130,249

Creditors: amounts falling due within one year	7	23,861		20,294
		---------		---------
Net current assets			128,279	109,955
			---------	---------
Total assets less current liabilities			128,842	110,934
			---------	---------
Net assets			128,842	110,934
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	128,742	110,834
	---------	---------
Shareholders funds	128,842	110,934
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Dataonline (UK) Limited

Statement of Financial Position (continued)

31 December 2021

These financial statements were approved by the board of directors and authorised for issue on 23 September 2022 , and are signed on behalf of the board by:

Mr N Bell
Director

Company registration number: 03461235

Dataonline (UK) Limited

Notes to the Financial Statements

Year ended 31 December 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Canberra House, Corbygate Business Park, Corby, Northamptonshire, NN17 5JG.

2. Statement of compliance

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A small entities. There were no material departures from that standard.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	20% reducing balance
FF & Equipment	-	20% reducing balance
Computer Equipment	-	50% reducing balance

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2020: 3 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2021 and 31 December 2021	882	3,120	13,826	17,828
	----	-------	--------	--------
Depreciation
At 1 January 2021	882	2,878	13,089	16,849
Charge for the year	–	48	368	416
	----	-------	--------	--------
At 31 December 2021	882	2,926	13,457	17,265
	----	-------	--------	--------
Carrying amount
At 31 December 2021	–	194	369	563
	----	-------	--------	--------
At 31 December 2020	–	242	737	979
	----	-------	--------	--------

6. Debtors

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	118,233	85,240
Other debtors	24,516	16,505
	---------	---------
	142,749	101,745
	---------	---------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	761	3,250
Corporation tax	4,309	–
Social security and other taxes	–	11,461
Other creditors	18,791	5,583
	--------	--------
	23,861	20,294
	--------	--------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

		2021	2020
		£	£

Balance brought forward	–	–
Advances/ (credits) to the directors	536	–
	----	----
Balance outstanding carried forward	536	–
	----	----

The amounts outstanding at the year end are interest free and repayable on demand.

9. Ultimate controlling party and related party transactions

The immediate parent and ultimate controlling party of DataOnline (UK) Limited is DataOnline LLC, a company based in the United States. The company has availed itself of the exemption contained within FRS 102 Section 33 Related Party Disclosures not to disclose details of transactions with fellow group entities.