REGISTERED NUMBER: 02344308 (England and Wales)

Financial Statements

for the Year Ended 31 October 2025

for

PAROTEC SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J A Betts

C Kinslow

J P Tunnicliffe

Registered office:

Unit C1 Europa Trading Estate

Europaway Stoneclough Road

Radcliffe

Manchester

M26 1GG

Registered number:

02344308 (England and Wales)

Auditors:

S&W Audit

Pall Mall

1 Pollen Square

59 King Street

Manchester

M2 4PD

Fixed assets

Tangible assets

5

139,251

161,777

Investments

6

10,843

-

150,094

161,777

Current assets

Stocks

246,504

239,035

Debtors

7

273,217

473,208

Cash at bank and in hand

405,734

129,395

925,455

841,638

Creditors

Amounts falling due within one year

8

474,332

433,077

Net current assets

451,123

408,561

Total assets less current liabilities

601,217

570,338

Provisions for liabilities

-

40,450

Net assets

601,217

529,888

Capital and reserves

Called up share capital

10

10,000

10,000

Other reserves

11

260,003

97,286

Retained earnings

11

331,214

422,602

Shareholders' funds

601,217

529,888

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

J A Betts - Director

1.	Statutory information

Parotec Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including current resources, the company's budget and future cashflows in making their assessment. Based on these assessments and the commitment from the parent company to provide support, if required, the directors have concluded that it remains appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Parotec Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Datamation System Inc, 125 Louis St, South Hackensack, NJ 07606, United States.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial Instruments.

(i) Financial assets

Basic financial assets, including trade debtors, other debtors and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors, other creditors and group loans that are classified as debt,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.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand.

4.	Employees and directors

The average number of employees during the year was 15 (2024 - 17 ) .

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 November 2024

381,437

Additions

4,120

Disposals

(2,890

)

At 31 October 2025

382,667

Depreciation

At 1 November 2024

219,660

Charge for year

24,527

Eliminated on disposal

(771

)

At 31 October 2025

243,416

Net book value

At 31 October 2025

139,251

At 31 October 2024

161,777

6.	Fixed asset investments

Shares in

group

undertaking

£

Cost

Additions

10,843

At 31 October 2025

10,843

Net book value

At 31 October 2025

10,843

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

184,832

422,288

Amounts owed by group undertakings

58,390

-

Other debtors

29,995

50,920

273,217

473,208

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

127,510

162,150

Amounts owed to group undertakings

204,858

165,720

Taxation and social security

95,710

86,829

Other creditors

46,254

18,378

474,332

433,077

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

53,983

69,934

Between one and five years

30,215

109,406

84,198

179,340

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary Class A

£1.00

10,000

10,000

11.

Reserves

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 November 2024

422,602

97,286

519,888

Deficit for the year

(91,388

)

-

(91,388

)

Capital contribution

-

162,717

162,717

At 31 October 2025

331,214

260,003

591,217

The other reserves relate to a capital contribution.

During the year, the company received a capital contribution of £162,717 from its parent, Datamation Systems Inc, through the capitalisation of an intercompany balance previously owed to the parent. The contribution has been recognised directly in equity as a capital contribution. No new shares were issued.

12.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

13.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	Ultimate controlling party

By virtue of ownership of the entire share capital, Datamation System, Inc. is the immediate parent company. The company is registered in New Jersey and has a registered office address of 125 Louis St, South Hackensack, NJ 07606, United States.