DEKARTA LTD

DEKARTA LTD - Company Information

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Registered number: 10301870

DEKARTA LTD

Director's Report and

Unaudited Financial Statements

For The Year Ended 31 July 2023

DEKARTA LTD

Contents

	Page
Company Information	1
Director's Report	2
Profit and Loss Account	3
Balance Sheet	4—5
Notes to the Financial Statements	6—8

Page 1

DEKARTA LTD

Company Information

Director	Mr Zeshan Humayun

Company Number	10301870

Registered Office	5 Chancery Lane
	London
	WC2A 1LG

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DEKARTA LTD

Company No. 10301870

Director's Report For The Year Ended 31 July 2023

Director's Report

The director presents his report and the financial statements for the year ended 31 July 2023.

Directors

The director who held office during the year were as follows:

Mr Zeshan Humayun

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has 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.

On behalf of the board

Mr Zeshan Humayun

Director

25/04/2024

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DEKARTA LTD

Profit and Loss Account

For The Year Ended 31 July 2023

Profit and Loss Account

		2023	2022
	Notes	£	£
TURNOVER		3,177,430	2,491,322
Cost of sales		(2,427,485 )	(1,937,996 )

GROSS PROFIT		749,945	553,326

Administrative expenses		(363,956 )	(358,638 )

OPERATING PROFIT		385,989	194,688
Interest payable and similar charges		(637 )	(648 )

PROFIT BEFORE TAXATION		385,352	194,040
Tax on Profit		(47,829 )	(40,656 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		337,523	153,384

The notes on pages 6 to 8 form part of these financial statements.

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DEKARTA LTD

Balance Sheet

As At 31 July 2023

Balance Sheet

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		519,210		404,870

			519,210		404,870
CURRENT ASSETS
Stocks	5	516,480		371,710
Debtors	6	525,371		448,579
Cash at bank and in hand		145,520		95,386

		1,187,371		915,675
Creditors: Amounts Falling Due Within One Year	7	(210,297 )		(151,784 )

NET CURRENT ASSETS (LIABILITIES)			977,074		763,891

TOTAL ASSETS LESS CURRENT LIABILITIES			1,496,284		1,168,761

Creditors: Amounts Falling Due After More Than One Year	8		(24,167 )		(34,167 )

NET ASSETS			1,472,117		1,134,594

CAPITAL AND RESERVES
Called up share capital	9		100,000		100,000
Profit and Loss Account			1,372,117		1,034,594

SHAREHOLDERS' FUNDS			1,472,117		1,134,594

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DEKARTA LTD

Balance Sheet (continued)

As At 31 July 2023

For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Zeshan Humayun

Director

25/04/2024

The notes on pages 6 to 8 form part of these financial statements.

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DEKARTA LTD

Notes to the Financial Statements

For The Year Ended 31 July 2023

Notes to the Financial Statements

1. General Information

DEKARTA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10301870 . The registered office is 5 Chancery Lane, London, WC2A 1LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15 -20 %
Motor Vehicles	15 - 20 %

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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DEKARTA LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2023

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2022: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 August 2022	570,708	248,478	819,186
Additions	65,978	170,310	236,288
Disposals	(225,339 )	(100,787 )	(326,126 )

As at 31 July 2023	411,347	318,001	729,348

Depreciation
As at 1 August 2022	266,798	147,518	414,316
Provided during the period	51,808	29,540	81,348
Disposals	(184,739 )	(100,787 )	(285,526 )

As at 31 July 2023	133,867	76,271	210,138

Net Book Value
As at 31 July 2023	277,480	241,730	519,210

As at 1 August 2022	303,910	100,960	404,870

5. Stocks

	2023	2022
	£	£
Stock	516,480	371,710

6. Debtors

	2023	2022
	£	£
Due within one year
Trade debtors	525,371	448,579

7. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	152,468	101,128
Bank loans and overdrafts	10,000	10,000
Taxation and social security	47,829	40,656

	210,297	151,784

8. Creditors: Amounts Falling Due After More Than One Year

	2023	2022
	£	£
Bank loans	24,167	34,167

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DEKARTA LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2023

9. Share Capital

	2023	2022
	£	£
Allotted, Called up and fully paid	100,000	100,000

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