REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED |
Company Information |
for the Year Ended 31 March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2nd Floor, |
39 Ludgate hill |
London |
EC4M 7JN |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Balance Sheet - continued |
31 March 2023 |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
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. |
Going concern |
The director is of the opinion that, the company will continue to operate in the foreseeable future and be able to realise assets and discharge liabilities in normal course of business. The accounts have been prepared on going concern basis due to the continued support received from the director and related/associated companies. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
9. | PROVISIONS FOR LIABILITIES |
31.3.23 | 31.3.22 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Balance at 1 April 2022 |
Provided during year | ( |
) |
Balance at 31 March 2023 |
10. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed to the followings: |
1) SS & RC partnership T/A RE'S £36,375 (£31,575:2022) |
There were interest free loans from/to the company which is payable on demand. |
The above entities the director and shareholders are also director/partners and shareholders. |
At the balance sheet date, the Director Mr. Srikant Settipalli also owns 100% shares of companies Reks Leisure ltd and Infoplus Technologies UK limited. He also owns 50% shares in Sran Investments Ltd. |
At the balance sheet date, the related company Zsquare global limited owed-£58,691 (£58,691:2022) to the company. |
At the balance sheet date, the related company Infoplus Technologies Gmbh was owed-£nil (£16,263:2022) by the company. |
At the balance sheet date, the related company Infoplus Technologies IE ltd was owed-£nil (£33,258:2022) by the company. |
At the balance sheet date, the related company Infoplus Technologies UK limited owed-£107,000 (£nil:2022) to the company. |
The following transaction has taken place during the year at arm's length. |
Srikanth Settipalli and Rekha Chalasani Partnership: |
Purchased services of £ 60,000 |
Sold Services of £nil |
EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is S Settipalli. |
At the balance sheet date, the director Mr. Srikanth Settipalli held 100% shareholding in the company and therefore is the ultimate controlling party. |