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Registered number: 14531191
DSP International UK LTD
Financial Statements
For the Period 8 December 2022 to 31 March 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14531191
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,169
1,169
CURRENT ASSETS
Debtors 5 18,863
Cash at bank and in hand 507,053
525,916
Creditors: Amounts Falling Due Within One Year 6 (23,646 )
NET CURRENT ASSETS (LIABILITIES) 502,270
TOTAL ASSETS LESS CURRENT LIABILITIES 503,439
NET ASSETS 503,439
CAPITAL AND RESERVES
Called up share capital 7 1,000,000
Profit and Loss Account (496,561 )
SHAREHOLDERS' FUNDS 503,439
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Vaishak Swamy
Director
04/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
DSP International UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14531191 . The registered office is Wework, St. Katharines Way, London, E1W 1UN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 2 year straight line
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Computer Equipment
£
Cost
As at 8 December 2022 2,004
As at 31 March 2024 2,004
Depreciation
As at 8 December 2022 835
As at 31 March 2024 835
Net Book Value
As at 31 March 2024 1,169
As at 8 December 2022 1,169
5. Debtors
31 March 2024
£
Due within one year
Other debtors 18,863
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 3,236
Other creditors 10,351
Taxation and social security 10,059
23,646
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1,000,000
8. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is DSP Adiko Holdings Pvt Ltd . DSP Adiko Holdings Pvt Ltd was incorporated in India.  The controlling party is DSP Adiko Holdngs Pvt Ltd who controls 60% of the shares of DSP International UK LTD .
The liability of the parent entity is limited to the par value of equity share capital injected in the Company.
9. Audit Information
The auditors report on the account of DSP International UK LTD for the period ended 31 March 2024 was unqualified
The auditor's report was signed by Zubair Arshad FCCA (Senior Statutory Auditor) for and on behalf of Ad Valorem Audit Services Limited , Statutory Auditor
Ad Valorem Audit Services Limited
2 Manor Court Farm, Old Wolverton Road
Wolverton
Milton Keynes
MK12 5NN
Page 3