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REGISTERED NUMBER: 10138027 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

SISA Information Security Ltd

SISA Information Security Ltd (Registered number: 10138027)






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


SISA Information Security Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Dharshan Begur Shantha Murthy
Mrs Urmila Murthy



REGISTERED OFFICE: 43 Glen Way
Leicester
LE2 5YF



REGISTERED NUMBER: 10138027 (England and Wales)



AUDITORS: A D Doshi & Co
Statutory Auditor
43 Glen Way
Leicester
LE2 5YF



BANKERS: State Bank of India UK
35 Smithford Way
Coventry
CV1 1FY

SISA Information Security Ltd (Registered number: 10138027)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 306,761 79,131
Prepayments and accrued income 4,212 1,247
Cash at bank 482,141 447,007
793,114 527,385
CREDITORS
Amounts falling due within one year 5 189,280 126,275
NET CURRENT ASSETS 603,834 401,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,834

401,110

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 603,833 401,109
SHAREHOLDERS' FUNDS 603,834 401,110

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 18 October 2024 and were signed on its behalf by:





Mr Dharshan Begur Shantha Murthy - Director


SISA Information Security Ltd (Registered number: 10138027)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. COMPANY INFORMATION

SISA Information Security Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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.

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.

Going concern
At the time of approving the financial statements, the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
There is no significant doubt about the entity's ability to continue as a going concern.Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements for a period of at least twelve months from the date of the audit report.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable with in one year are recorded at the transaction price.
Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and including cash in hand, deposits held with banks.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 44,518 79,131
Amounts owed by group undertakings 262,243 -
306,761 79,131

SISA Information Security Ltd (Registered number: 10138027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 7,509 -
Amounts owed to group undertakings 1,478 1,478
Taxation and social security 82,544 46,617
Other creditors 97,749 78,180
189,280 126,275

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary 1 1 1

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

The Report of the Auditors was unqualified.

Amit Doshi (Senior Statutory Auditor)
for and on behalf of A D Doshi & Co

8. RELATED PARTY DISCLOSURES

The directors have taken advantage of the exemption allowed by FRS 102 not to disclose transactions with entities that are included in the financial statements of Sisa Information Security Ltd because 100% of the voting rights in the company are controlled within that group and the company is included within those financial statements.

9. ULTIMATE PARENT COMPANY

The ultimate parent company is SISA Information Security Pvt Ltd, a company incorporated in India. Their registered address is No 79, Road No 9, KIADB IT Park, Arebinnamangala Village, Jala Hobli, Bengaluru, India, 562149.