Data Inc Limited - Abbreviated accounts

Registered number

07798681

Data Inc Limited

Abbreviated Accounts

31 October 2014

Data Inc Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Data Inc Limited for the year ended 31 October 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Data Inc Limited for the year ended 31 October 2014 which comprise of the balance sheet and the related notes 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 http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Charles Luf & Co.
Chartered Accountants
134E Kingsland Road
London
E28DY

10 June 2015

Data Inc Limited
Registered number:		07798681
Abbreviated Balance Sheet
as at 31 October 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		37,232			48,728

Current assets
Debtors		-			27,604
Cash at bank and in hand		114			1
		114			27,605

Creditors: amounts falling due within one year		(57,386)			(60,815)

Net current liabilities			(57,272)			(33,210)

Total assets less current liabilities			(20,040)			15,518

Creditors: amounts falling due after more than one year			(9,753)			-



Net (liabilities)/assets			(29,793)			15,518

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(29,893)			15,418

Shareholders' funds			(29,793)			15,518

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Victor Adefemi
Director
Approved by the board on 10 June 2015

Data Inc Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Furnitures & fixtures			20% straight line
	Computers & equipment			20% straight line

2	Tangible fixed assets					£

	Cost
	At 1 November 2013					64,853
	Additions					1,843
	At 31 October 2014					66,696

	Depreciation
	At 1 November 2013					16,125
	Charge for the year					13,339
	At 31 October 2014					29,464

	Net book value
	At 31 October 2014					37,232
	At 31 October 2013					48,728


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Victor Adefemi
	Loan	27,604		-		(27,604)		-

	Victor Adefemi
	Advances	-		-		(9,753)		(9,753)

		27,604		-		(37,357)		(9,753)