Registration number:
Direct-Tec Group Limited
for the Year Ended 31 July 2023
Direct-Tec Group Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Direct-Tec Group Limited
Company Information
Directors |
Ms S L Jackson Mr J A Clark |
Registered office |
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Accountants |
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Direct-Tec Group Limited
(Registration number: 06578436)
Statement of Financial Position as at 31 July 2023
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2022 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Direct-Tec Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The presentation currency of the financial statements is Pound Sterling (£).
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Direct-Tec Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)
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Accounting policies (continued) |
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 August 2022 |
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Provision |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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Direct-Tec Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)
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Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2022 |
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Subsidiary undertakings |
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Nimbus House Liphook Way, 20-20 Business Park, Maidstone, Kent, England, ME16 0FZ |
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Creditors |
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2022 |
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Due within one year |
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Other payables |
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Ultimate parent company |
The company’s immediate parent company is Apogee Group Limited, a company incorporated in England and Wales and its ultimate parent company is HP Inc, a company incorporated in United States of America.
The smallest group in which the results of the company were consolidated is that headed by Manzana Bidco Limited. The consolidated accounts of this company are available to the public and may be obtained from Companies House.
The largest group in which the results of the company were consolidated is that headed by HP Inc. The consolidated accounts of this company are available to the public and may be obtained from the company’s head office, 1501 Page Mill Road, Palo Alto, CA 94304, United States.