Registration number:
Dextara Digital (UK) Pvt. Ltd.
for the Year Ended 31 March 2023
Dextara Digital (UK) Pvt. Ltd.
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Dextara Digital (UK) Pvt. Ltd.
Company Information
Directors |
Mr Chakradhar Reddy Kayam Mr Sreekanth Lapala |
Accountants |
|
Registered office |
|
Dextara Digital (UK) Pvt. Ltd.
(Registration number: 12481986)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
200 |
200 |
|
Retained earnings |
(4,670) |
(3,268) |
|
Shareholders' deficit |
(4,470) |
(3,068) |
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
These financial statements were approved and authorised for issue by the
.......................................................... |
Dextara Digital (UK) Pvt. Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.
Going concern
At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have confirmed that the parent company is willing to provide the necessary financial support as necessary and accordingly these financial statements have been prepared on a going concern basis.
Foreign currency transactions and balances
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Dextara Digital (UK) Pvt. Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)
2 |
Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average monthly number of persons employed by the company (including directors) during the year, was
Debtors |
2023 |
2022 |
|
Prepayments |
|
|
|
|
Dextara Digital (UK) Pvt. Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
|
Due within one year |
|||
Trade creditors |
- |
|
|
Amounts owed to group undertakings |
|
|
|
Other creditors |
|
- |
|
Accrued expenses |
|
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
200 |
|
200 |
Related party transactions |
The company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions with other companies that are wholly owned within the group.
At the balance sheet date the company owed its parent, Dextara Digital Private Limited £2,200 (2022: £2,200). The loan is interest free, unsecured and with no fixed term of repayment.
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from:
Floor-2, Door No 1/18 HIE NR-3,
Fairfield by Marriot Building,
Nanakramguda, Serlingampally,
Financial District, Hyderabad - 500032,
Rangareddy, Telangana, India.
The ultimate controlling party is Dextara Digital Private Limited.