Datametrics Installation Services Limite - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10311955 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

DATAMETRICS INSTALLATION SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R T Pannell

M F Pannell

REGISTERED OFFICE:

Brick Barn

Home Farm Business Park

Church Way

Whittlebury

NN12 8XS

REGISTERED NUMBER:

10311955 (England and Wales)

ACCOUNTANTS:

Hysons

Chartered Accountants

14 London Street

Andover

Hampshire

SP10 2PA

FIXED ASSETS

Tangible assets

4

8,060

17,824

CURRENT ASSETS

Stocks

296,000

-

Debtors

5

442,024

302,348

Cash at bank

90,659

168,276

828,683

470,624

CREDITORS

Amounts falling due within one year

6

574,707

250,809

NET CURRENT ASSETS

253,976

219,815

TOTAL ASSETS LESS CURRENT LIABILITIES

262,036

237,639

PROVISIONS FOR LIABILITIES

199

3,904

NET ASSETS

261,837

233,735

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

261,835

233,733

SHAREHOLDERS' FUNDS

261,837

233,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2022 and were signed on its behalf by:

R T Pannell - Director

1.	STATUTORY INFORMATION

Datametrics Installation Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis. This basis may not be appropriate as at the balance sheet date, the company had net liabilities of £13,563. The companies future existence is dependant on the continued support of the directors.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Office and computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2020 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Office

Fixtures

and

Plant and

and

Motor

computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2020

36,900

3,391

11,192

3,385

54,868

Additions

-

-

-

1,632

1,632

At 31 July 2021

36,900

3,391

11,192

5,017

56,500

DEPRECIATION

At 1 August 2020

28,290

2,614

3,917

2,223

37,044

Charge for year

7,380

777

2,239

1,000

11,396

At 31 July 2021

35,670

3,391

6,156

3,223

48,440

NET BOOK VALUE

At 31 July 2021

1,230

-

5,036

1,794

8,060

At 31 July 2020

8,610

777

7,275

1,162

17,824

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

359,461

198,792

Other debtors

38,563

498

Prepayments

44,000

103,058

442,024

302,348

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

271,682

37,042

Tax

45,730

102,307

Social security and other taxes

26,215

9,406

VAT

168,708

88,535

Other creditors

30,837

9,896

Directors' current accounts

28,941

623

Accrued expenses

2,594

3,000

574,707

250,809

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

200

Ordinary

1p

2

2

8.

RESERVES

Retained

earnings

£

At 1 August 2020

233,733

Profit for the year

28,102

At 31 July 2021

261,835