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REGISTERED NUMBER: 03904167 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ECLERX LIMITED

ECLERX LIMITED (REGISTERED NUMBER: 03904167)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ECLERX LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: A Malik



REGISTERED OFFICE: 4 Red Lion Court
Alexandra Road
Hounslow
Middlesex
TW3 1JS



REGISTERED NUMBER: 03904167 (England and Wales)



SENIOR STATUTORY AUDITOR: Dipak Patel



AUDITORS: Parker Lloyd
Accountants and Statutory Auditors
11 Old Court House
Old Court Place
London
W8 4PD

ECLERX LIMITED (REGISTERED NUMBER: 03904167)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,808 331,069

CURRENT ASSETS
Stocks 386,689 219,326
Debtors 5 2,596,329 1,844,226
Cash at bank 4,289,012 2,297,014
7,272,030 4,360,566
CREDITORS
Amounts falling due within one year 6 2,075,007 859,261
NET CURRENT ASSETS 5,197,023 3,501,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,460,831

3,832,374

PROVISIONS FOR LIABILITIES 18,534 32,679
NET ASSETS 5,442,297 3,799,695

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 7 694,154 512,410
Retained earnings 7 4,748,043 3,287,185
SHAREHOLDERS' FUNDS 5,442,297 3,799,695

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 8 October 2024 and were signed by:





A Malik - Director


ECLERX LIMITED (REGISTERED NUMBER: 03904167)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Eclerx 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.

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.
Estimated Useful Life
Leasehold Property - As per Lease Agreement
Fixtures and Fittings - 10
Computer Equipment - 3-6
Office Equipment - 5

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

ECLERX LIMITED (REGISTERED NUMBER: 03904167)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Office Computer
property fittings Equipment equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 69,707 21,221 164,267 707,179 962,374
Additions 20,143 735 21,749 28,958 71,585
Disposals - - (1,525 ) (8,813 ) (10,338 )
At 31 March 2024 89,850 21,956 184,491 727,324 1,023,621
DEPRECIATION
At 1 April 2023 5,203 9,155 127,792 489,155 631,305
Charge for year 8,480 3,301 23,945 103,042 138,768
Eliminated on disposal - - (1,459 ) (8,801 ) (10,260 )
At 31 March 2024 13,683 12,456 150,278 583,396 759,813
NET BOOK VALUE
At 31 March 2024 76,167 9,500 34,213 143,928 263,808
At 31 March 2023 64,504 12,066 36,475 218,024 331,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,496 53,530
Amounts owed by group undertakings 1,892,665 1,468,564
Other debtors 613,168 322,132
2,596,329 1,844,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,924 41,524
Taxation and social security 17,222 60,990
Other creditors 2,014,861 756,747
2,075,007 859,261

ECLERX LIMITED (REGISTERED NUMBER: 03904167)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 3,287,185 512,410 3,799,595
Profit for the year 1,460,858 1,460,858
Share Based Payment Reserve - 181,744 181,744
At 31 March 2024 4,748,043 694,154 5,442,197

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

The Report of the Auditors was unqualified.

Dipak Patel (Senior Statutory Auditor)
for and on behalf of Parker Lloyd

9. RELATED PARTY DISCLOSURES

eClerx Services Limited - Net receivable from parent company £1,855,205 [2023 - £1,439,520]
CLX Europe Media Solution Limited - Receivable from fellow subsidiary £11,810 [2023 - £10,016]
eClerx LLC - Receivable from fellow subsidiary £251,577 [2023 - £59,006]

10. ULTIMATE PARENT COMPANY

eClerx Services Limited
Sonawala Building
1st Floor, 29 Bank Street
Fort, Mumbai 400 023
Maharashtra, India.