DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Company Registration Number:
03268522 (England and Wales)

Unaudited statutory accounts for the year ended 2 February 2024

Period of accounts

Start date: 4 February 2023

End date: 2 February 2024

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 2 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Directors' report period ended 2 February 2024

The directors present their report with the financial statements of the company for the period ended 2 February 2024

Principal activities of the company

Holding company

Additional information

Statement of directors’ responsibilities The directors are responsible for preparing the strategic report, the directors’ report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including Financial Reporting Standard 102. Under Company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that year. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The director shown below has held office during the whole of the period from
4 February 2023 to 2 February 2024

FIONA DIBLEY


The director shown below has held office during the period of
4 February 2023 to 14 March 2023

MICHELLE ADAMS


The director shown below has held office during the period of
14 March 2023 to 2 February 2024

CHRISTOPHER GARCIA


Secretary DEBORAH FINN

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 March 2024

And signed on behalf of the board by:
Name: CHRISTOPHER GARCIA
Status: Director

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 2 February 2024

2024 2023


£

£
Turnover: 39,010,317 0
Cost of sales: ( 38,796,326 ) 0
Gross profit(or loss): 213,991 0
Distribution costs: 0 0
Administrative expenses: ( 5,689 )
Other operating income: 0 4,622
Operating profit(or loss): 208,302 4,622
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 208,302 4,622
Tax: 0 0
Profit(or loss) for the financial year: 208,302 4,622

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Balance sheet

As at 2 February 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0
Current assets
Cash at bank and in hand: 7,667 213,921
Investments: 3 39,047,120 0
Total current assets: 39,054,787 213,921
Creditors: amounts falling due within one year: 4 ( 8,000 ) ( 7,000 )
Net current assets (liabilities): 39,046,787 206,921
Total assets less current liabilities: 39,046,787 206,921
Total net assets (liabilities): 39,046,787 206,921
Capital and reserves
Called up share capital: 2 175,002
Share premium account: 38,787,420 0
Profit and loss account: 259,365 31,919
Total Shareholders' funds: 39,046,787 206,921

The notes form part of these financial statements

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Balance sheet statements

For the year ending 2 February 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 October 2024
and signed on behalf of the board by:

Name: CHRISTOPHER GARCIA
Status: Director

The notes form part of these financial statements

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 2 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Intangible fixed assets amortisation policy

    At the end of each financial year financial assets measured at amortised cost are assessed for objective evidence of impairment. If there is objective evidence that a financial asset measured at amortised cost is impaired an impairment loss is recognised in the Income Statement. The impairment loss is the difference between the financial assets carrying amount and the present value of the financial assets estimated cash inflows discounted at an effective value rate. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the assets has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

    Valuation information and policy

    The carrying value of investments are assessed for impairment based on the presence of impairment indicators – where events or changes in circumstances indicate that the carrying amount may not be recoverable. This is done by comparing the asset’s carrying value to the higher of its value in use and net realisable value (fair value less costs to sell). Any shortfall is recorded as an impairment charge. The asset’s value-in-use is assessed based on estimates of future cash flows discounted appropriately. Net realisable value is estimated using a valuation process.

    Other accounting policies

    Functional and presentation currency Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the company operates (‘the functional currency’). The financial statements are presented in ‘Sterling’ (£), which is also the company’s functional currency. Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are re-measured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement. All other foreign exchange gains and losses are presented in the Income Statement within ‘Net operating expenses'.

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 2 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 2 February 2024

3. Current assets investments note

See accounts

DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 2 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 4,250 3,750
Other creditors 3,750 3,250
Total 8,000 7,000