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Registered number: 03509960 DATEK SOLUTIONS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
DATEK SOLUTIONS LIMITED REGISTERED NUMBER: 03509960 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | Audited 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 177,614 |  | 198,341
|  |  | 177,614 |  | 198,341
Current assets |  |  |  |  |
Stocks | 5 | 581,518 |  | 706,817 |
Debtors: amounts falling due within one year | 6 | 1,636,277 |  | 1,399,970 |
Cash at bank and in hand | 7 | 26,595 |  | 26,005 |
|  | 2,244,390 |  | 2,132,792 |
Creditors: amounts falling due within one year | 8 | (1,834,142) |  | (1,658,852) |
Net current assets |  |  | 410,248 |  | 473,940
Total assets less current liabilities |  |  | 587,862 |  | 672,281
Creditors: amounts falling due after more than one year | 9 |  | (84,047) |  | (98,149)
Net assets |  |  | 503,815 |  | 574,132
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 20,100 |  | 20,100
Profit and loss account |  |  | 483,715 |  | 554,032
|  |  | 503,815 |  | 574,132
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DATEK SOLUTIONS LIMITED REGISTERED NUMBER: 03509960 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 March 2026.
M Kanter
Director
The notes on pages 3 to 12 form part of these financial statements. Page 2
DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Datek Solutions Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Unit 13 Elder Way, Waterside Drive, Langley, Berkshire, SL3 6EP. The year ended 30 June 2025 was the first year in which the financial statements were unaudited. The comparative figures are therefore audited. The company specialises in the sale and distribution of computers and components.. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have taken consideration of the impact of inflationary pressures on the business. The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the approval of these financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis. Page 3
DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases:
|  |  |  | Long-term leasehold property | - | Over the period of the lease
|  |  |  | Office equipment | - | 4 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.
| 2.7 | 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.
| 2.8 | Creditors
Short-term 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. Page 5
DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.
| 2.10 | Finance costs
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.11 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.12 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.
| 2.13 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method. Page 6
DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.14 | Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.
| 2.15 | Taxation
Tax is recognised in the Statement of comprehensive income 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 and generates income.
3. | Employees
| Service charges are paid to Datek Employee Services LLP. The directors are also members of the LLP. It is not possible to quantify the level of the service charge paid to the LLP which relates specifically to making available the services of the LLP members who are also directors of the company. The Company has no employees other than the directors, who did not receive any remuneration (audited 2024 - £Nil)
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DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Tangible fixed assets
|  | Long-term leasehold property | Office equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 July 2024 | 26,326 | 252,366 | 278,692
| Additions | - | 6,518 | 6,518
| At 30 June 2025 | 26,326 | 258,884 | 285,210
| Depreciation |  |  |
| At 1 July 2024 | 26,326 | 54,025 | 80,351
| Charge for the year | - | 27,245 | 27,245
| At 30 June 2025 | 26,326 | 81,270 | 107,596
| Net book value |  |  |
| At 30 June 2025 | - | 177,614 | 177,614
| At 30 June 2024 | - | 198,341 | 198,341
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DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Stocks
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 581,518 | 706,817
|  | 581,518 | 706,817
6. | Debtors
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
| Trade debtors | 1,225,256 | 1,073,994
| Amounts owed by group undertakings | 224,031 | 202,074
| Other debtors | 126,688 | 59,025
| Prepayments and accrued income | 60,302 | 64,877
|  | 1,636,277 | 1,399,970
7. | Cash and cash equivalents
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 26,595 | 26,005
| Less: bank overdrafts | (679,460) | (806,672)
|  | (652,865) | (780,667)
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DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
| Bank overdrafts | 679,460 | 806,672
| Bank loans | 21,974 | 28,005
| Trade creditors | 935,115 | 640,229
| Other taxation and social security | 122,537 | 150,198
| Other creditors | 2,759 | 3,304
| Accruals and deferred income | 72,297 | 30,444
|  | 1,834,142 | 1,658,852
| The company's invoice discounting facility of £679,460 (audited 2024 - £806,672), which is disclosed within bank overdrafts, is secured by a fixed and floating charge against the company's assets. In addition, the bank holds a limited guarantee from the directors amounting to £50,000 dated 12 June 2001. Bank loans are secured by a fixed and floating charge over the assets of the company.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
| Bank loans | 84,047 | 98,149
|  | 84,047 | 98,149
| Bank loans are secured by a fixed and floating charge over the assets of the company.
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DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 21,974 | 28,005
|  | 21,974 | 28,005
| Amounts falling due 1-2 years |  |
| Bank loans | 24,096 | 28,005
|  | 24,096 | 28,005
| Amounts falling due 2-5 years |  |
| Bank loans | 59,951 | 70,144
|  | 59,951 | 70,144
|  | 106,021 | 126,154
11. | Share capital
|  |  |  |  | 2025 | Audited 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 20,000 Ordinary shares of £1 each | 20,000 | 20,000
|  | 100 Ordinary B shares of £1 each | 100 | 100
|  |  | 20,100 | 20,100
| All classes of shares rank pari passu in every respect except that dividends may be declared at different rates on different classes of share.
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DATEK SOLUTIONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Related party transactions
| During the year, the company was charged £1,164,525 (audited 2024 - £1,194,906) by Datek Employee Services LLP, an entity in which the parent company is a designated member, for the provision of human resources and management services. Included in the charge is an amount payable in respect of the rental of vehicles from the LLP. At the year end, the company owed £126,688 (audited 2024 - £48,780) owed by the LLP, which is included within other debtors. During the year, the company paid rent of £80,000 (audited 2024 - £80,000) to M Kanter and D Welling, the directors, for rent of their premises. Included within other creditors is an amount of £2,327 (audited 2024 - £2,926) due to the directors of the company. Included within other creditors is an amount of £432 (audited 2024 - £378) due to Meadowcity Property Management Company Limited. The company has taken advantage allowed by Financial Reporting Standard 102 not to disclose any transactions with other wholly owned members of the group. The remuneration of key management is as disclosed for directors.
13. | Controlling party
The immediate and ultimate parent undertaking of the company is Datek Solutions Holdings Limited, a company incorporated in England and Wales, by virtue of its majority shareholding of the share capital of the company. The smallest and largest group that consolidates this company is Datek Solutions Holdings Limited, which can be obtained from Companies House. The registered office of this company is Unit 13 Elder Way, Waterside Drive, Langley, Berkshire, SL3 6EP. The ultimate controlling parties are M Kanter and D Welling, the directors.
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