Data Response Ability Limited - Period Ending 2018-03-31

Registration number: 03206919

Data Response Ability Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

Data Response Ability Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	5 to 9

Data Response Ability Limited

Company Information

Director

Mr P.J. Conacher

Company secretary

Mr P.J. Conacher

Registered office

The Old Dairy Broom Hill Bristol England BS16 1DN

Accountants

Burton Sweet Chartered Certified Accountants Cornerstone House Midland Way Thornbury Bristol BS35 2BS

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1

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Data Response Ability Limited
Year Ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Data Response Ability Limited for the year ended 31 March 2018 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Data Response Ability Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Data Response Ability Limited and state those matters that we have agreed to state to the Board of Directors of Data Response Ability Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Data Response Ability Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Data Response Ability Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Data Response Ability Limited. You consider that Data Response Ability Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Data Response Ability Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

15 June 2018

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2

Data Response Ability Limited

(Registration number: 03206919)
Balance Sheet
31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	53,424	60,520
Current assets
Debtors	5	247,790	253,273
Cash at bank and in hand		229,385	168,927
		477,175	422,200
Creditors: Amounts falling due within one year	6	(39,171)	(41,792)
Net current assets		438,004	380,408
Total assets less current liabilities		491,428	440,928
Provisions for liabilities		(4,687)	(5,801)
Net assets		486,741	435,127
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		485,741	434,127
Total equity		486,741	435,127

The notes on pages 5 to 9 form an integral part of these financial statements.

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3

Data Response Ability Limited

(Registration number: 03206919)
Balance Sheet
31 March 2018

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 Profit and Loss Account has been taken.

Approved and authorised by the director on 15 June 2018
 

.........................................

Mr P.J. Conacher

Director

The notes on pages 5 to 9 form an integral part of these financial statements.

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4

Data Response Ability Limited

Notes to the Financial Statements
Year Ended 31 March 2018

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:
The Old Dairy
Broom Hill
Bristol
England
BS16 1DN

These financial statements were authorised for issue by the director on 15 June 2018.

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.

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:

Asset class	Depreciation method and rate
Computer equipment	40% reducing balance basis
Fixtures & fittings	40% reducing balance basis
Office equipment	15% reducing balance basis

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5

Data Response Ability Limited

Notes to the Financial Statements
Year Ended 31 March 2018

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2017 - 2).

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6

Data Response Ability Limited

Notes to the Financial Statements
Year Ended 31 March 2018

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2017	27,372	30,632	56,308	114,312
Additions	-	416	-	416
At 31 March 2018	27,372	31,048	56,308	114,728
Depreciation
At 1 April 2017	-	15,235	38,557	53,792
Charge for the year	-	3,069	4,443	7,512
At 31 March 2018	-	18,304	43,000	61,304
Carrying amount
At 31 March 2018	27,372	12,744	13,308	53,424
At 31 March 2017	27,372	15,397	17,751	60,520

Included within the net book value of land and buildings above is £27,372 (2017 - £27,372) in respect of long leasehold land and buildings.
 

5

Debtors

	Note	2018 £	2017 £
Trade debtors		21,846	39,871
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	222,716	210,215
Other debtors		3,228	3,187
Total current trade and other debtors		247,790	253,273

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7

Data Response Ability Limited

Notes to the Financial Statements
Year Ended 31 March 2018

6

Creditors

	Note	2018 £	2017 £
Due within one year
Trade creditors		8,111	611
Taxation and social security		7,725	11,615
Other creditors		23,335	29,566
		39,171	41,792

7	Related party transactions

Transactions with directors

2018	At 1 April 2017 £	Advances to directors £	Repayments by director £	At 31 March 2018 £
Loan to Company	411	(23,041)	23,000	370

2017	At 1 April 2016 £	Advances to directors £	Repayments by director £	At 31 March 2017 £
Loan to Company	(297)	24,386	(24,500)	(411)

Directors' remuneration

The director's remuneration for the year was as follows:

	2018 £	2017 £
Remuneration	8,000	8,000

Summary of transactions with other related parties

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8

Data Response Ability Limited

Notes to the Financial Statements
Year Ended 31 March 2018

Data Response Ability Holdings Limited

This company is also controlled by the director, who in conjunction with his wife, hold 100% of the share capital.

 At the balance sheet date the amount due to Data Response Ability Holdings Limited was £222,715 (2017 - £210,215).
 The loan is not accuring interest currently and no fixed terms of repayment have been determined.
 

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9