Data Cable Solutions Limited - Period Ending 2022-05-31

Data Cable Solutions Limited - Period Ending 2022-05-31


Data Cable Solutions Limited 10207095 false 2021-06-01 2022-05-31 2022-05-31 The principal activity of the company is data cable installation. Digita Accounts Production Advanced 6.29.9459.0 true true 10207095 2021-06-01 2022-05-31 10207095 2022-05-31 10207095 core:CurrentFinancialInstruments 2022-05-31 10207095 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 10207095 core:OfficeEquipment 2022-05-31 10207095 bus:SmallEntities 2021-06-01 2022-05-31 10207095 bus:AuditExemptWithAccountantsReport 2021-06-01 2022-05-31 10207095 bus:FullAccounts 2021-06-01 2022-05-31 10207095 bus:SmallCompaniesRegimeForAccounts 2021-06-01 2022-05-31 10207095 bus:RegisteredOffice 2021-06-01 2022-05-31 10207095 bus:Director2 2021-06-01 2022-05-31 10207095 bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 10207095 core:ComputerEquipment 2021-06-01 2022-05-31 10207095 countries:EnglandWales 2021-06-01 2022-05-31 10207095 2021-05-31 10207095 core:OfficeEquipment 2021-05-31 10207095 2020-06-01 2021-05-31 10207095 2021-05-31 10207095 core:CurrentFinancialInstruments 2021-05-31 10207095 core:CurrentFinancialInstruments core:WithinOneYear 2021-05-31 10207095 core:OfficeEquipment 2021-05-31 iso4217:GBP xbrli:pure

Registration number: 10207095

Data Cable Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 May 2022

 

Data Cable Solutions Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Data Cable Solutions Limited

(Registration number: 10207095)
Statement of Financial Position as at 31 May 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

281

281

Current assets

 

Debtors

5

959

959

Cash at bank and in hand

 

250

250

 

1,209

1,209

Creditors: Amounts falling due within one year

6

(2,938)

(2,938)

Net current liabilities

 

(1,729)

(1,729)

Net liabilities

 

(1,448)

(1,448)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(1,548)

(1,548)

Shareholders' deficit

 

(1,448)

(1,448)

For the financial year ending 31 May 2022 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 28 February 2023 and signed on its behalf by:
 

.........................................
Mr S R Dobson
Director

 

Data Cable Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit G, Canalside
John Gilbert Way
Trafford Park
Manchester
Lancashire
M17 1AH
United Kingdom

These financial statements were authorised for issue by the Board on 28 February 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The compnay has received assurances from the directors that they will continue to give financial support to the company for the foreseeable future and for a period not less than 12 monhts from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. however, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Data Cable Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

Data Cable Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2021

1,000

1,000

At 31 May 2022

1,000

1,000

Depreciation

At 1 June 2021

719

719

At 31 May 2022

719

719

Carrying amount

At 31 May 2022

281

281

At 31 May 2021

281

281

5

Debtors

2022
£

2021
£

Other debtors

959

959

959

959

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

1,641

1,641

Other creditors

1,297

1,297

2,938

2,938