Direct Technology Solutions Limited - Accounts to registrar (filleted) - small 23.2.5

Direct Technology Solutions Limited - Accounts to registrar (filleted) - small 23.2.5

DIRECT TECHNOLOGY SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 08762622 (England and Wales)















DIRECT TECHNOLOGY SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2023






DIRECT TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 08762622)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


DIRECT TECHNOLOGY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr D Scott
Mr M J Post
Mr A M Harris





REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG





REGISTERED NUMBER: 08762622 (England and Wales)





ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG
Page 1
DIRECT TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 08762622)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 75,004 75,004

CURRENT ASSETS
Debtors 5 2,294 1,954
Cash at bank 4,728 4,728
7,022 6,682
CREDITORS
Amounts falling due within one year 6 110,469 106,090
NET CURRENT LIABILITIES (103,447 ) (99,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(28,443
)
(24,404
)

CAPITAL AND RESERVES
Called up share capital 7 402,281 402,281
Share premium 381,745 381,745
Retained earnings (812,469 ) (808,430 )
SHAREHOLDERS' FUNDS (28,443 ) (24,404 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 21st September 2023 and were signed on its behalf by:




Mr M J Post - Director


The notes form part of these financial statements

Page 2
DIRECT TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 08762622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Direct Technology Solutions Limited is a private company, limited by shares, registered in England & Wales.

The company's registered number is 08762622.

The company's registered office is 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG.

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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

Page 3 continued...
DIRECT TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 08762622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST
At 1st April 2022
and 31st March 2023 75,004
NET BOOK VALUE
At 31st March 2023 75,004
At 31st March 2022 75,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,294 1,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 110,469 106,090

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
398,298 Ordinary A 0.01 3,983 3,983
398,298 Ordinary B 1 398,298 398,298
402,281 402,281

Page 4