Data Science House Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09745101 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2021 TO 12 AUGUST 2022

FOR

DATA SCIENCE HOUSE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

H Bondi

P Heitner

Y Orlinski

REGISTERED OFFICE:

26 Weissmandel Court, 76 Clapton Common,

London

E5 9FA

REGISTERED NUMBER:

09745101 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

CURRENT ASSETS

Stocks

-

1,370,000

Debtors

4

454,634

404,464

Cash at bank

816,655

16,620

1,271,289

1,791,084

CREDITORS

Amounts falling due within one year

5

(918,833

)

(1,923,423

)

NET CURRENT ASSETS/(LIABILITIES)

352,456

(132,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

352,456

(132,339

)

CREDITORS

Amounts falling due after more than one year

6

(46,394

)

(50,000

)

NET ASSETS/(LIABILITIES)

306,062

(182,339

)

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

9

305,862

(182,539

)

SHAREHOLDERS' FUNDS

306,062

(182,339

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12 August 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 12 August 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 28 July 2023 and were signed on its behalf by:

Y Orlinski - Director

1.	STATUTORY INFORMATION

Data Science House 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 presentation currency of the financial statements is the Pound Sterling (£).

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 rental and service charge income receivable and proceeds from the sale of property, excluding value added tax

Stocks

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

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

12.8.22

31.8.21

£

£

Trade debtors

125,130

92,321

Other debtors

329,504

312,143

454,634

404,464

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

12.8.22

31.8.21

£

£

Bank loans and overdrafts

-

50,470

Trade creditors

710,491

453,021

Taxation and social security

12

12

Other creditors

208,330

1,419,920

918,833

1,923,423

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

12.8.22

31.8.21

£

£

Bank loans

46,394

50,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

12.8.22

31.8.21

£

£

Bank loans

46,394

100,470

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £46,394 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

12.8.22

31.8.21

value:

£

£

200

Ordinary

£1

200

200

9.

RESERVES

Retained

earnings

£

At 1 September 2021

(182,539

)

Profit for the period

488,401

At 12 August 2022

305,862

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Y Orlinski.