Discrete Time Communications (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04389630 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2022

for

Discrete Time Communications (UK) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J L Taylor

Mrs S M F Taylor

P C F Taylor

SECRETARY:

R Layton FCA

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

04389630 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

1,090,908

1,090,908

CURRENT ASSETS

Debtors

5,100

5,100

Cash at bank

302,257

282,959

307,357

288,059

CREDITORS

Amounts falling due within one year

8,280

7,367

NET CURRENT ASSETS

299,077

280,692

TOTAL ASSETS LESS CURRENT LIABILITIES

1,389,985

1,371,600

CAPITAL AND RESERVES

Called up share capital

5

96

97

Capital redemption reserve

4

3

Retained earnings

1,389,885

1,371,500

SHAREHOLDERS' FUNDS

1,389,985

1,371,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 31st May 2022 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 6th January 2023 and were signed on its behalf by:

Mrs S M F Taylor - Director

1.	STATUTORY INFORMATION

Discrete Time Communications (UK) Ltd 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.

Tangible fixed assets

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

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 1 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2021

and 31st May 2022

1,090,908

NET BOOK VALUE

At 31st May 2022

1,090,908

At 31st May 2021

1,090,908

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

100

Ordinary

£1

96

97

6.	PURCHASE OF OWN SHARES

During the year the company purchased its own ordinary shares to the value of £0.80.

In the opinion of the directors' this did not in anyway impact on the solvency of the company.

The balance sheet on page four shows a positive net asset position.