Datasoft Accounting Services Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03042797

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Datasoft Accounting Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Cohen

Mrs. I S COHEN

SECRETARY:

Mrs. I S COHEN

REGISTERED OFFICE:

129 Station Road

London

NW4 4NJ

REGISTERED NUMBER:

03042797

ACCOUNTANTS:

Cohen & Co. Accountants

129 Station Road

London

London

NW4 4NJ

FIXED ASSETS

Tangible assets

4

24,193

7,531

CURRENT ASSETS

Stocks

25,683

-

Debtors

5

55,249

42,733

Cash at bank

8,016

3,801

88,948

46,534

CREDITORS

Amounts falling due within one year

6

34,163

43,219

NET CURRENT ASSETS

54,785

3,315

TOTAL ASSETS LESS CURRENT LIABILITIES

78,978

10,846

CREDITORS

Amounts falling due after more than one year

7

57,632

-

NET ASSETS

21,346

10,846

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,246

10,746

SHAREHOLDERS' FUNDS

21,346

10,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 January 2019 and were signed on its behalf by:

Mrs. I S COHEN - Director

1.	STATUTORY INFORMATION

Datasoft Accounting Services Ltd. is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2017

7,018

44,344

51,362

Additions

-

22,710

22,710

At 30 April 2018

7,018

67,054

74,072

DEPRECIATION

At 1 May 2017

7,018

36,813

43,831

Charge for year

-

6,048

6,048

At 30 April 2018

7,018

42,861

49,879

NET BOOK VALUE

At 30 April 2018

-

24,193

24,193

At 30 April 2017

-

7,531

7,531

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

55,249

19,829

Other debtors

-

22,904

55,249

42,733

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

1,413

911

Taxation and social security

32,750

42,308

34,163

43,219

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans

57,632

-