DATA DRIVEN NETWORKS LTD

DATA DRIVEN NETWORKS LTD

DATA DRIVEN NETWORKS LTD - Company Information

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1 October 2018 false No description of principal activity Taxfiler 2020.2 08217722business:PrivateLimitedCompanyLtd2018-10-012019-09-30 082177222018-09-30 082177222018-10-012019-09-30 08217722business:AuditExemptWithAccountantsReport2018-10-012019-09-30 08217722business:FullAccounts2018-10-012019-09-30 082177222019-09-30 08217722business:Director12018-10-012019-09-30 08217722business:Director22018-10-012019-09-30 08217722business:RegisteredOffice2018-10-012019-09-30 082177222018-09-30 08217722core:WithinOneYear2019-09-30 08217722core:WithinOneYear2018-09-30 08217722core:ShareCapital2019-09-30 08217722core:ShareCapital2018-09-30 08217722core:RetainedEarningsAccumulatedLosses2019-09-30 08217722core:RetainedEarningsAccumulatedLosses2018-09-30 08217722business:SmallEntities2018-10-012019-09-30 08217722countries:EnglandWales2018-10-012019-09-30 08217722core:PlantMachinery2018-10-012019-09-30 08217722core:FurnitureFittings2018-10-012019-09-30 08217722core:ComputerEquipment2018-10-012019-09-30 08217722core:IntangibleAssetsOtherThanGoodwill2018-09-30 08217722core:IntangibleAssetsOtherThanGoodwill2019-09-30 08217722core:IntangibleAssetsOtherThanGoodwill2018-10-012019-09-30 08217722core:PlantMachinery2018-09-30 08217722core:PlantMachinery2019-09-30 082177222017-10-012018-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08217722 (England and Wales)
DATA DRIVEN NETWORKS LTD Unaudited accounts for the year ended 30 September 2019
DATA DRIVEN NETWORKS LTD Unaudited accounts Contents
Page
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DATA DRIVEN NETWORKS LTD Company Information for the year ended 30 September 2019
Directors
KALPESH BHAILAL VYAS SUNIL RAVAL
Company Number
08217722 (England and Wales)
Registered Office
71 -75 COVENT GARDEN SHELTON STREET LONDON WC2H 9JQ
Accountants
GM Professional Accountants 47 Gladstone Avenue Manor park London E12 6NR
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DATA DRIVEN NETWORKS LTD Accountants' report
Accountants' report to the board of directors of DATA DRIVEN NETWORKS LTD on the preparation of the unaudited statutory accounts for the year ended 30 September 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DATA DRIVEN NETWORKS LTD for the year ended 30 September 2019 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of DATA DRIVEN NETWORKS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of DATA DRIVEN NETWORKS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DATA DRIVEN NETWORKS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DATA DRIVEN NETWORKS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DATA DRIVEN NETWORKS LTD. You consider that DATA DRIVEN NETWORKS LTD 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 DRIVEN NETWORKS LTD. 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.
GM Professional Accountants 47 Gladstone Avenue Manor park London E12 6NR 24 March 2020
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DATA DRIVEN NETWORKS LTD Statement of financial position as at 30 September 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,156,995 
1,221,272 
Tangible assets
5
3,887 
4,553 
1,160,882 
1,225,825 
Current assets
Inventories
6
93 
79 
Debtors
7
23,396 
21,496 
Cash at bank and in hand
12,188 
11,197 
35,677 
32,772 
Creditors: amounts falling due within one year
8
(333,354)
(208,557)
Net current liabilities
(297,677)
(175,785)
Net assets
863,205 
1,050,040 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
863,204 
1,050,039 
Shareholders' funds
863,205 
1,050,040 
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 March 2020.
KALPESH BHAILAL VYAS Director Company Registration No. 08217722
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DATA DRIVEN NETWORKS LTD Notes to the Accounts for the year ended 30 September 2019
1
Statutory information
DATA DRIVEN NETWORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 08217722. The registered office is 71 -75, COVENT GARDEN SHELTON STREET, LONDON, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2018
1,285,550 
At 30 September 2019
1,285,550 
Amortisation
At 1 October 2018
64,278 
Charge for the year
64,277 
At 30 September 2019
128,555 
Net book value
At 30 September 2019
1,156,995 
At 30 September 2018
1,221,272 
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DATA DRIVEN NETWORKS LTD Notes to the Accounts for the year ended 30 September 2019
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2018
16,499 
Additions
785 
At 30 September 2019
17,284 
Depreciation
At 1 October 2018
11,946 
Charge for the year
1,451 
At 30 September 2019
13,397 
Net book value
At 30 September 2019
3,887 
At 30 September 2018
4,553 
6
Inventories
2019 
2018 
£ 
£ 
Finished goods
93 
79 
93 
79 
7
Debtors
2019 
2018 
£ 
£ 
Trade debtors
2,405 
20,996 
Accrued income and prepayments
- 
500 
Other debtors
20,991 
- 
23,396 
21,496 
8
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
5,053 
(2,757)
Taxes and social security
(9,586)
(6,335)
Loans from directors
337,887 
217,649 
333,354 
208,557 
9
Average number of employees
During the year the average number of employees was 0 (2018: 1).
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