Company Registration No. 07140276 (England and Wales)
Destek Accessible Technology Solutions Ltd
Unaudited accounts
for the year ended 31 January 2020
Destek Accessible Technology Solutions Ltd
Unaudited accounts
Contents
Destek Accessible Technology Solutions Ltd
Company Information
for the year ended 31 January 2020
Directors
Mehmet Evsen
Andrea Kennedy
Company Number
07140276 (England and Wales)
Registered Office
9 Stanley Place
Cadoxton
Neath
SA10 8BE
Accountants
Daniel Perrin & Co Limited
9 Stanley Place
Cadoxton
Neath
SA10 8BE
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Destek Accessible Technology Solutions Ltd
for the year ended 31 January 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Destek Accessible Technology Solutions Ltd for the year ended
31 January 2020 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Destek Accessible Technology Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 14 December 2020. Our work has been undertaken solely to prepare for your approval the accounts of Destek Accessible Technology Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Destek Accessible Technology Solutions Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Destek Accessible Technology Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Destek Accessible Technology Solutions 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 Destek Accessible Technology Solutions Ltd. You consider that Destek Accessible Technology Solutions 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 Destek Accessible Technology Solutions 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.
Daniel Perrin & Co Limited
Chartered Certified Accountants
9 Stanley Place
Cadoxton
Neath
SA10 8BE
14 December 2020
Destek Accessible Technology Solutions Ltd
Statement of financial position
as at
31 January 2020
Tangible assets
12,499
15,724
Cash at bank and in hand
6,679
27,016
Creditors: amounts falling due within one year
(21,085)
(45,732)
Net current liabilities
(13,386)
(18,016)
Total assets less current liabilities
(887)
(2,292)
Provisions for liabilities
Net liabilities
(3,875)
(2,292)
Called up share capital
2
2
Profit and loss account
(3,877)
(2,294)
Shareholders' funds
(3,875)
(2,292)
For the year ending 31 January 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2020 and were signed on its behalf by
Mehmet Evsen
Director
Company Registration No. 07140276
Destek Accessible Technology Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2020
Destek Accessible Technology Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07140276. The registered office is 9 Stanley Place, Cadoxton, Neath, SA10 8BE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% Straight line
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Destek Accessible Technology Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2020
Support has also been provided by a loan from a director who has indicated that this support will continue for the foreseeable future.
The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2019
13,879
23,881
37,760
At 31 January 2020
13,879
23,881
37,760
At 1 February 2019
11,373
10,663
22,036
Charge for the year
1,251
1,974
3,225
At 31 January 2020
12,624
12,637
25,261
At 31 January 2020
1,255
11,244
12,499
At 31 January 2019
2,506
13,218
15,724
6
Creditors: amounts falling due within one year
2020
2019
Loans from directors
20,353
40,118
7
Deferred taxation
2020
2019
Accelerated capital allowances
2,988
-
Charged to the profit and loss account
2,988
-
Provision at end of year
2,988
-
Destek Accessible Technology Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2020
8
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 3 (2019: 3).