Company Registration No. 07506881 (England and Wales)
Datatek Ltd
Unaudited accounts
for the year ended 31 July 2025
Datatek Ltd
Unaudited accounts
Contents
Datatek Ltd
Company Information
for the year ended 31 July 2025
Directors
Gregg David Ivers
Daniel Redfern
Mark Wearing
Company Number
07506881 (England and Wales)
Registered Office
C/O Accounts And Legal
81 King Street
Manchester
M2 4AH
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Datatek Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
686,119
547,499
Inventories
210,035
134,438
Cash at bank and in hand
312,010
496,814
Creditors: amounts falling due within one year
(316,364)
(283,164)
Net current assets
628,498
533,858
Total assets less current liabilities
1,373,202
1,081,357
Provisions for liabilities
Deferred tax
(92,956)
(58,301)
Net assets
1,280,246
1,023,056
Called up share capital
100
100
Revaluation reserve
268,920
148,920
Profit and loss account
1,011,226
874,036
Shareholders' funds
1,280,246
1,023,056
For the year ending 31 July 2025 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 4 September 2025 and were signed on its behalf by
Gregg David Ivers
Director
Company Registration No. 07506881
Datatek Ltd
Notes to the Accounts
for the year ended 31 July 2025
Datatek Ltd is a private company, limited by shares, registered in England and Wales, registration number 07506881. The registered office is C/O Accounts And Legal, 81 King Street, Manchester, M2 4AH, England.
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 financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.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.
The financial statements have been prepared on a going concern basis. The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future, and therefore have adopted the going concern basis of accounting in preparing the financial statements.
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.
Interest income is recognised in profit or loss using the effective interest method.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Datatek Ltd
Notes to the Accounts
for the year ended 31 July 2025
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Tangible fixed assets and depreciation
Land and buildings are included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Datatek Ltd
Notes to the Accounts
for the year ended 31 July 2025
Income tax expense represents the sum of the tax payable and deferred tax.
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.
The tax expense for the year comprises current. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At cost
At 1 August 2024
500,000
81,667
48,612
630,279
Additions
-
2,589
6,044
8,633
Revaluations
160,000
-
-
160,000
Disposals
-
(51,950)
(44,134)
(96,084)
At 31 July 2025
660,000
32,306
10,522
702,828
At 1 August 2024
-
46,140
36,640
82,780
Charge for the year
-
9,436
3,524
12,960
On disposals
-
(41,359)
(37,672)
(79,031)
At 31 July 2025
-
14,217
2,492
16,709
At 31 July 2025
660,000
18,089
8,030
686,119
At 31 July 2024
500,000
35,527
11,972
547,499
Datatek Ltd
Notes to the Accounts
for the year ended 31 July 2025
5
Investments
Other investments
Valuation at 1 August 2024
-
Valuation at 31 July 2025
58,585
Amounts falling due within one year
Trade debtors
48,983
64,879
Accrued income and prepayments
100,673
63,598
Other debtors
258,663
42,195
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
69,173
63,758
Taxes and social security
202,850
163,888
Other creditors
4,241
4,045
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate parent company was Datatek Holdings Limited, a company registered in the United Kingdom with the following registered office:
C/O Accounts And Legal
81 King Street
Manchester
Greater Manchester
M2 4AH
Greater London
E8 3RL
The ultimate controlling party was Mr G Ivers, by virtue of his 60% ownership of Datatek Holdings Limited.
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Average number of employees
During the year the average number of employees was 20 (2024: 21).