Hospitality Data Insights Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08212431 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2021

for

Hospitality Data Insights Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Moir

D E Bagshaw

REGISTERED OFFICE:

140 Coniscliffe Road

DARLINGTON

County Durham

DL3 7RT

REGISTERED NUMBER:

08212431 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

2,999

5,070

CURRENT ASSETS

Debtors

5

277,220

257,739

Cash at bank

286,945

138,791

564,165

396,530

CREDITORS

Amounts falling due within one year

6

202,906

182,684

NET CURRENT ASSETS

361,259

213,846

TOTAL ASSETS LESS CURRENT LIABILITIES

364,258

218,916

CREDITORS

Amounts falling due after more than one year

7

37,500

47,500

NET ASSETS

326,758

171,416

CAPITAL AND RESERVES

Called up share capital

9

1,432

1,432

Share premium

143,759

143,759

Retained earnings

181,567

26,225

SHAREHOLDERS' FUNDS

326,758

171,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2022 and were signed on its behalf by:

J C Moir - Director

1.	STATUTORY INFORMATION

Hospitality Data Insights Limited 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.

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.

There were no material departures from that standard.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Government grants

Revenue based grants are credited to the profit and loss account on receipt.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2020

10,059

Additions

1,129

At 30 September 2021

11,188

DEPRECIATION

At 1 October 2020

4,989

Charge for year

3,200

At 30 September 2021

8,189

NET BOOK VALUE

At 30 September 2021

2,999

At 30 September 2020

5,070

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

277,146

255,876

Other debtors

-

580

Prepayments and accrued income

74

1,283

277,220

257,739

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts (see note 8)

10,000

2,500

Trade creditors

27,597

6,401

Taxation and social security

82,204

97,321

Other creditors

3,897

3,009

Accruals and deferred income

79,208

73,453

202,906

182,684

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans (see note 8)

37,500

47,500

8.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

2,500

Amounts falling due between one and two years:

Bank loans - 1-2 years

37,500

47,500

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2021

2020

value:

£

£

143,166

Ordinary

1p

1,432

1,432

10.	EMI SCHEME

As at the 30 September 2021 there were in total 27,158 EMI options outstanding for three employees. These options were all issued on 25 September 2019, have an exercise price of £1.50 per share, which was agreed with HMRC and have a 10 year maximum lifespan. The Directors do not consider the valuation of these options to be material to the accounts and have therefore not included a valuation within them.