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REGISTERED NUMBER: 06439150















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: S Settipalli





REGISTERED OFFICE: 39 Ludgate Hill City
London
EC4M 7JN





REGISTERED NUMBER: 06439150





ACCOUNTANTS: Euro Ashfords (UK) Ltd
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 5,262 7,016
Investments 5 13,500 13,500
18,762 20,516

CURRENT ASSETS
Debtors 6 181,291 72,461
Cash at bank 46,267 56,187
227,558 128,648
CREDITORS
Amounts falling due within one year 7 221,788 172,428
NET CURRENT ASSETS/(LIABILITIES) 5,770 (43,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,532

(23,264

)

CREDITORS
Amounts falling due after more than one
year

8

(25,207

)

(34,914

)

PROVISIONS FOR LIABILITIES 9 (1,000 ) (1,333 )
NET LIABILITIES (1,675 ) (59,511 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,775 ) (59,611 )
SHAREHOLDERS' FUNDS (1,675 ) (59,511 )

EUROPEAN SOFTWARE SOLUTIONS (UK) LIMITED (Registered number: 06439150)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





S Settipalli - Director


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 private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 13 (2022 - 13 ) .

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 61,108
DEPRECIATION
At 1 April 2022 54,092
Charge for year 1,754
At 31 March 2023 55,846
NET BOOK VALUE
At 31 March 2023 5,262
At 31 March 2022 7,016

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 13,500
NET BOOK VALUE
At 31 March 2023 13,500
At 31 March 2022 13,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 181,291 70,523
Other debtors - 1,938
181,291 72,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 140,184 46,398
Taxation and social security 39,957 8,148
Other creditors 30,999 107,234
221,788 172,428

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 25,207 34,914

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 1,000 1,333

Deferred
tax
£   
Balance at 1 April 2022 1,333
Provided during year (333 )
Balance at 31 March 2023 1,000

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.