The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Computer Data Source Europe Limited is a private company limited by shares, incorporated In England and Wales. Registered number 06906842. Its registered head office Is located at Victoria House, 50-58 Victoria Road, Farnborough, Hampshire, GU14 7PG.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 company’s presentational and functional currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

The directors have assessed the company’s ability to continue as a going concern, considering atrue period of at least twelve months from the date of approval of these financial statements.

The company has prepared cash flow forecasts which indicate that it is able to support its ongoing operations and meet its liabilities as they fall due from its own forecast cash flows throughout the assessment period. The company is trading in line with expectations and has continued access to its routine operational banking facilities.

However, the company is part of a wider group and is dependent on the continued financial stability of its ultimate parent undertaking. The parent company has a significant debt facility which is due to mature on 6 August 2026. The parent company does not currently have sufficient resources to repay this facility in full on maturity. Under the terms of the existing group financing arrangements, a default by the parent company would result in a corresponding default by the company.

Parent company management has advised the directors that discussions are ongoing with lenders to refinance the facility and that they believe a successful refinancing is likely. However, at the date of approval of these financial statements, no refinancing agreement has been finalised and no committed facility is in place beyond 6 August 2026.

These conditions give rise to a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. Nevertheless, the directors have prepared the financial statements on a going concern basis, taking into account the company’s forecast cash flows, the progress of refinancing discussions at parent level and the expectation that the parent company will continue to support the company’s operations. The financial statements do not include any adjustments that would be required should the company be unable to continue as a going concern.

Functional and presentation currency

The company's functional and presentation currency is GBP and all values are rounded to the nearest pound (£) except where otherwise states.

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 profit or loss 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 Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

The turnover shown in the Statement of Income and Retained Earnings represents amounts receivable for professional services, maintenance, parts and installation services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

The company recognises revenue from goods and services when it transfers promised goods and services to customers. The company primarily generates revenue through maintenance contracts with their customers. The company recognises the revenue from maintenance contracts on a straight-line basis over the terms of the contract as the customer is simultaneously receiving and consuming the benefits of the services as they are provided each day.

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the

lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Interest income

Finance costs

Finance costs are charged to profit or loss 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.

The tax expense for the year comprises current and deferred tax. 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 and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

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 profit or loss.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at market rate of interest discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in the financial statements, when, and if, better information is obtained.

Critical judgements and sources of estimation uncertainty that management have made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relate to the following:

In the process of preparing the financial statements, no significant judgements were applied.

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 which requires the directors to make estimates and assumptions that affect reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reported years. Significant estimates include, but are not limited to, the valuation of supply inventory and allowance for credit losses, The company’s actual performance may differ from these estimates and assumptions could result in different amounts than presented in the consolidated financial statements.

Included in Accounts Receivable is a provision for bad debt estimated at £33,233 based on 3% of outstanding receivables.

Stock is net of a £444,264 reserve for obsolescence, estimated based on a review of stock items over 2 years.

The average monthly number of employees, including directors, during the year was 16 (2023: 16).

Amounts owed by group undertakings are non-interest bearing, unsecured and repayable on demand.

Amounts owed to group undertakings are non-interest bearing, unsecured and repayable on demand.

The group, of which this company is a subsidiary, entered into a Credit Agreement dated 6 August 2021 with Main Street Capital Corporation, (the "Credit Agreement") with Alter Domus (US) LLC acting as the administrative agent. The administrative agent is appointed with rights to enforce collection of collateral under the Credit Agreement.

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £52,329 (2023: £53,032). Contributions totaling £Nil (2023: £12,503) were payable to the fund at the reporting date and are included in creditors.

At the reporting date the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

The parent undertaking during the year was Computer Data Source LLC., a company incorporated in the United States of America. The registered addressed and principal place of business of the firm is 275 Industrial Way West, Eatontown, NJ 00274, USA.

The smallest group of undertakings for which group accounts have been drawn up is that headed by Computer Data Source Inc.

The directors believe there to be no ultimate controlling party.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

Except for the point below in relation to material uncertainty related to going concern, the auditor's report is unqualified.

Material uncertainty related to going concern

We draw attention to note 2.2 in the financial statements, which describes events and conditions that indicate the existence of a material uncertainty related to going concern. As set out in that note, while the Company’s cash flow forecasts indicate that it is able to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements, the Company is dependent on the continued financial stability of its parent undertaking. The parent company has a significant debt facility maturing on 6 August 2026 and does not currently have sufficient resources to repay the facility on maturity. In addition, under the group financing arrangements, a default by the parent company would result in a default by the Company. Although refinancing discussions are ongoing, at the date of approval of the financial statements or at the date of this auditor’s report, no refinancing has been completed, and no committed facility is in place beyond 6 August 2026.

As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.