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REGISTERED NUMBER: 10108408 (England and Wales)















Audited Financial Statements For The Year Ended 31st March 2024

for

EKA Software Solutions Limited

EKA Software Solutions Limited (Registered number: 10108408)

Contents of the Financial Statements
For The Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EKA Software Solutions Limited

Company Information
For The Year Ended 31st March 2024







DIRECTORS: I H Manaktala
A J Brito





REGISTERED OFFICE: Dorset House
Regent Park
Kingston Road
Leatherhead
Surrey
KT22 7PL





REGISTERED NUMBER: 10108408 (England and Wales)





AUDITORS: Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

EKA Software Solutions Limited (Registered number: 10108408)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 1,388 81,436
Cash at bank 59,529 8,746
60,917 90,182
CREDITORS
Amounts falling due within one year 7 654,357 667,770
NET CURRENT LIABILITIES (593,440 ) (577,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(593,440

)

(577,588

)

CAPITAL AND RESERVES
Called up share capital 708 708
Retained earnings (594,148 ) (578,296 )
(593,440 ) (577,588 )

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 Board of Directors and authorised for issue on 4th October 2024 and were signed on its behalf by:





A J Brito - Director


EKA Software Solutions Limited (Registered number: 10108408)

Notes to the Financial Statements
For The Year Ended 31st March 2024


1. STATUTORY INFORMATION

EKA Software 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.

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.

Going concern
The company made a loss for the period and had net liabilities at the balance sheet date. The parent company has provided written assurance that it will continue to provide financial support to the company so it can meet its liabilities as they fall due.

The net trading loss is not carried forward for future use, it is utilised within the group indicating a profitable group activity.

The directors therefore consider it is appropriate to prepare these financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - Straight line over 3 years

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.


EKA Software Solutions Limited (Registered number: 10108408)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Share-based payments
Share option costs are charged to the company on a straight line basis over the vesting period of the plan.

The company had taken over the liability for the share option plan operated by the parent company in relation to one employee of the company. 2,500 options were granted on 1 September 2016 at an exercise price of $0.01 with vesting periods ranging from one to three years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 1,845
AMORTISATION
At 1st April 2023
and 31st March 2024 1,845
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

EKA Software Solutions Limited (Registered number: 10108408)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 7,034
DEPRECIATION
At 1st April 2023
and 31st March 2024 7,034
NET BOOK VALUE
At 31st March 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 73,538
Other debtors and prepayments 1,388 7,898
1,388 81,436

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,092 10,451
Other creditors and accruals 653,265 657,319
654,357 667,770

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Natalie Harrison ACA FCCA CTA TEP (Senior Statutory Auditor)
for and on behalf of Beak Kemmenoe

9. PARENT COMPANY

The immediate parent company is Eka Software Solutions Pte Limited, a company incorporated in Singapore. The ultimate parent Company is "Hercules Technologies Topco Limited" effective from 26 March 2024.