DIGITAL ASSET SERVICES LTD

• ⚠

  Material uncertainty over going concern

  These financial statements are prepared on the going concern basis. The Directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the Directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +8.6%

  £3,425,868 → £3,719,769

• Cash

  -78.8%

  £8,593,371 → £1,823,414

• Net assets

  -87%

  -£9,702,875 → -£18,140,359

  lowest in 4 filed years

• Employees

  -16.4%

  61 → 51

• Operating profit

  -18.7%

  -£6,676,582 → -£7,922,936

• Profit before tax

  -13.8%

  -£7,972,766 → -£9,074,076

• Wages

  +12.3%

  £5,521,465 → £6,198,721

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These financial statements are prepared on the going concern basis. The Directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the Directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.”

Significant events

• “Following the end of the reporting period but before the date of signing of these accounts, a non-adjusting event occurred as follows: Coincover received a capital injection from investors, with cash received of £5.7m, accounted for as a partial conversion of the convertible loan note held and the issuing of new equity.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.