Company No: 04465908 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Unaudited Financial Statements

DIRECTOR

Jason Dominic Moss

SECRETARY

Jason Dominic Moss

REGISTERED OFFICE	3a & 3j
	Westpark
	Wellington
	TA21 9AD
	United Kingdom

COMPANY NUMBER

04465908 (England and Wales)

CHARTERED ACCOUNTANTS	Albert Goodman LLP
	Goodwood House
	Blackbrook Park Avenue
	Taunton
	Somerset
	TA1 2PX

	Note	2021		2020
		£		£
Fixed assets
Tangible assets	3	5,278		6,406
Investments	4	1		1
		5,279		6,407
Current assets
Stocks	5	71,730		60,500
Debtors	6	227,770		204,949
Cash at bank and in hand	7	339,737		144,397
		639,237		409,846
Creditors
Amounts falling due within one year	8	( 254,689)		( 93,025)
Net current assets		384,548		316,821
Total assets less current liabilities		389,827		323,228
Provisions for liabilities	9	( 1,285)		( 947)
Net assets		388,542		322,281
Capital and reserves
Called-up share capital		120		120
Profit and loss account		388,422		322,161
Total shareholders' funds		388,542		322,281

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Data Comms Direct Limited (registered number: 04465908) were approved and authorised for issue by the Director on 18 February 2022. They were signed on its behalf by:

Jason Dominic Moss Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Data Comms Direct Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3a & 3j, Westpark, Wellington, TA21 9AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the 's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements					depreciated over the life of the lease
Plant and machinery			15	%	reducing balance
Vehicles			25	%	reducing balance
Other property, plant and equipment			3	years	straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 September 2020	36,755		23,974		15,745		5,620		82,094
At 31 August 2021	36,755		23,974		15,745		5,620		82,094
Accumulated depreciation
At 01 September 2020	36,755		19,501		14,267		5,165		75,688
Charge for the financial year	0		671		370		87		1,128
At 31 August 2021	36,755		20,172		14,637		5,252		76,816
Net book value
At 31 August 2021	0		3,802		1,108		368		5,278
At 31 August 2020	0		4,473		1,478		455		6,406

4. Fixed asset investments

Investments in subsidiaries

	2021
	£
Cost
At 01 September 2020	1
At 31 August 2021	1
Carrying value at 31 August 2021	1
Carrying value at 31 August 2020	1

5. Stocks

	2021		2020
	£		£
Stocks	71,730		60,500

6. Debtors

	2021		2020
	£		£
Trade debtors	90,326		46,812
Amounts owed by Group undertakings	111,851		75,065
Other debtors	25,593		83,072
	227,770		204,949

7. Cash and cash equivalents

	2021		2020
	£		£
Cash at bank and in hand	339,737		144,397

8. Creditors: amounts falling due within one year

	2021		2020
	£		£
Trade creditors	218,382		73,158
Other creditors	5,677		6,245
Corporation tax	25,006		8,139
Other taxation and social security	5,624		5,483
	254,689		93,025

9. Deferred tax

	2021		2020
	£		£
At the beginning of financial year	( 947)		( 1,296)
(Charged)/credited to the Profit and Loss Account	( 338)		349
At the end of financial year	( 1,285)		( 947)

10. Related party transactions

Transactions with the entity's director

Advances

On 31 August 2020 the director owed the company £44,718, during the year ended 31 August 2021 the director was advanced £54,023 and repaid £77,500. The balance owed by the director at 31 August 2021 is £21,241 and interest is being charged at HMRC's official rate. There are no fixed terms of repayment and the loan is repayable upon demand.

11. Off Balance Sheet arrangements

The total amount of guarantees not included in the balance sheet is £38,233 (2020 - £53,033). Data Comms Direct Ltd is the guarantor on a property lease taken on by Integra PDU Limited. At the balance sheet date the remaining period in which there is commitment to pay the operating lease is two years and seven months.