Datel Advansys Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06899831 (England and Wales)

Financial Statements for the Year Ended 31 May 2021

for

Datel Advansys Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A G Pilkington

Mr P Rathbone

Mr A K Simpson

Mr N Swarbrick

REGISTERED OFFICE:

Cinnamon Park

Warrington

Cheshire

WA2 0XP

REGISTERED NUMBER:

06899831 (England and Wales)

AUDITORS:

Ashworth Treasure Limited

Statutory Auditors

17-19 Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Tangible assets

4

294,315

146,240

CURRENT ASSETS

Debtors

1,306,441

791,843

Cash at bank

338,771

681,168

1,645,212

1,473,011

CREDITORS

Amounts falling due within one year

844,666

872,969

NET CURRENT ASSETS

800,546

600,042

TOTAL ASSETS LESS CURRENT LIABILITIES

1,094,861

746,282

PROVISIONS FOR LIABILITIES

55,920

27,786

NET ASSETS

1,038,941

718,496

CAPITAL AND RESERVES

Called up share capital

72

72

Capital redemption reserve

28

28

Retained earnings

1,038,841

718,396

SHAREHOLDERS' FUNDS

1,038,941

718,496

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 Balance Sheet for the year ended 31 May 2021 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 Board of Directors and authorised for issue on 30 September 2021 and were signed on its behalf by:

Mr A G Pilkington - Director

1.	STATUTORY INFORMATION

Datel Advansys 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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recoginsed at the transaction price, unless the arrangement constitutes a financing transaction, where it is recoginsed at the present value of future payments discounted at market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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.

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 15 (2020 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

566,648

Additions

256,584

At 31 May 2021

823,232

DEPRECIATION

At 1 June 2020

420,408

Charge for year

108,509

At 31 May 2021

528,917

NET BOOK VALUE

At 31 May 2021

294,315

At 31 May 2020

146,240

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Reynolds (Senior Statutory Auditor)

for and on behalf of Ashworth Treasure Limited

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Datel Advansys Limited and Datel Computing Limited are both wholly owned subsidiaries of Datel Group plc.

At the year end, Datel Computing Limited owed Datel Advansys Limited an amount of £1,000,000 (2020: £500,000) by way of an intercompany loan.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Datel Group PLC.

Datel Advansys Limited is a wholly owned subsidiary of Datel Group plc, Cinnamon Park, Fearnhead, Warrington, Cheshire, WA2 0XP. This is the ultimate parent company for which group accounts are drawn up.