Data Installation & Supplies (Northern) - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 01835753 (England and Wales)

Data Installation & Supplies (Northern)

Ltd

Financial Statements

for the Year Ended 30 September 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Foster

Mrs J H Foster

Mr M E Foster

Mr A M Foster

SECRETARY:

Mrs J H Foster

REGISTERED OFFICE:

Unit 29 Moorland Industrial Estate

Law Street

Cleckheaton

West Yorkshire

BD19 3QR

REGISTERED NUMBER:

01835753 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

70,727

84,078

Investments

5

2

2

Investment property

6

280,000

300,000

350,729

384,080

CURRENT ASSETS

Stocks

556,291

455,773

Debtors

7

1,563,536

1,294,911

Cash at bank and in hand

225,771

348,090

2,345,598

2,098,774

CREDITORS

Amounts falling due within one year

8

1,539,576

1,368,823

NET CURRENT ASSETS

806,022

729,951

TOTAL ASSETS LESS CURRENT LIABILITIES

1,156,751

1,114,031

CREDITORS

Amounts falling due after more than one year

9

(90,796

)

(100,217

)

PROVISIONS FOR LIABILITIES

(23,380

)

(29,510

)

NET ASSETS

1,042,575

984,304

CAPITAL AND RESERVES

Called up share capital

12

5,000

5,000

Retained earnings

1,037,575

979,304

SHAREHOLDERS' FUNDS

1,042,575

984,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 15 June 2023 and were signed on its behalf by:

Mr M E Foster - Director

Mr A M Foster - Director

1.	STATUTORY INFORMATION

Data Installation & Supplies (Northern) 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.

The functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant, Machinery & Office Equipment

-

25% on reducing balance

Office furbishment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Government grants

Grants receivable for the purpose of immediate financial support with regards to the Covid-19 pandemic, where there are no further related costs, are recognised in income in the period in which they are receivable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fair value has been determined by the directors having taken the appropriate professional advice and based on similar properties in the local area.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provision of Section 11 "Basic Financial Information" and Section 12 "Other Financial Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hire purchase and operating lease commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 35 (2021 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

Machinery &

Office

Office

Motor

Equipment

furbishment

vehicles

Totals

£

£

£

£

COST

At 1 October 2021

296,320

47,343

33,985

377,648

Additions

5,886

-

-

5,886

At 30 September 2022

302,206

47,343

33,985

383,534

DEPRECIATION

At 1 October 2021

230,057

44,284

19,229

293,570

Charge for year

14,783

765

3,689

19,237

At 30 September 2022

244,840

45,049

22,918

312,807

NET BOOK VALUE

At 30 September 2022

57,366

2,294

11,067

70,727

At 30 September 2021

66,263

3,059

14,756

84,078

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2021

and 30 September 2022

6,002

PROVISIONS

At 1 October 2021

and 30 September 2022

6,000

NET BOOK VALUE

At 30 September 2022

2

At 30 September 2021

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2021

300,000

Revaluations

(20,000

)

At 30 September 2022

280,000

NET BOOK VALUE

At 30 September 2022

280,000

At 30 September 2021

300,000

The investment property has been stated at its fair value as determined by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,408,012

1,143,665

Prepayments and accrued income

155,524

151,246

1,563,536

1,294,911

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

8,926

8,926

Trade creditors

533,572

417,747

Tax

57,277

56,153

Social security and other taxes

36,878

33,061

VAT

190,869

201,135

Other creditors

308,901

267,246

Directors' current accounts

211,110

186,243

Accruals and deferred income

192,043

198,312

1,539,576

1,368,823

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

8,926

8,926

Bank loans - 2-5 years

36,277

36,277

Bank loans more 5 years

45,593

55,014

90,796

100,217

2022

2021

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years

45,593

55,014

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

37,441

62,538

Between one and five years

25,830

48,628

63,271

111,166

11.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

99,722

109,143

Bank borrowings are secured by way of a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, bookdebts and the benefits of any licences.

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2022

2021

value:

£

£

5,000

Ordinary

£1

5,000

5,000