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Company Registration No. 11458743 (England and Wales)
E-Solutions IT Services UK Ltd Annual report and Financial Statements for the year ended 31 March 2024
E-Solutions IT Services UK Ltd Annual report and Financial Statements Contents
Page
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E-Solutions IT Services UK Ltd Company Information for the year ended 31 March 2024
Directors
Amit Kurich Randeep Singh Vishal Aggarwal
Company Number
11458743 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET FIRST FLOOR LONDON W1W 7LT ENGLAND
Accountants
Hill Osborne Ltd Tower House Parkstone Road Poole BH15 2JH
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E-Solutions IT Services UK Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
5,000 
5,000 
Current assets
Debtors
580,275 
489,208 
Cash at bank and in hand
101,699 
92,563 
681,974 
581,771 
Creditors: amounts falling due within one year
(614,185)
(439,997)
Net current assets
67,789 
141,774 
Net assets
72,789 
146,774 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
67,789 
141,774 
Shareholders' funds
72,789 
146,774 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Amit Kurich Director Company Registration No. 11458743
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E-Solutions IT Services UK Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
E-Solutions IT Services UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11458743. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Audit
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006: The auditor's report was unqualified. The senior statutory auditor was James Hill The auditor was Hill Osborne Ltd
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E-Solutions IT Services UK Ltd Notes to the Accounts for the year ended 31 March 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
494,712 
441,928 
Amounts due from group undertakings etc.
85,523 
47,260 
Accrued income and prepayments
40 
20 
580,275 
489,208 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
25,273 
1,941 
Trade creditors
192,097 
195,297 
Amounts owed to group undertakings and other participating interests
379,691 
206,285 
Taxes and social security
- 
17,814 
Accruals
17,124 
18,660 
614,185 
439,997 
6
Transactions with related parties
E-Solutions IT Services Private Limited is a company registered in India rendered Management Services to E-Solutions IT Services UK Ltd for a value of £248,826 (2023: £401,663). The amount due to E-Solutions IT Services Private Limited is £18,842. E-Solutions, Inc paid for services on behalf of E-Solutions to a value of £144,229. (2023: £18,360) The total due to E-Solutions, Inc is £360,848 (2023: £146,232). E-Solutions IT Services UK ltd paid fees on behalf of Vidhwan Inc DBA E-Solutions Inc for £163,130. The amount due to E-Solutions IT Services UK Ltd is £6,160. E-Solutions IT Services UK Ltd paid subcontractor expenses on behalf of E-Solutions Consulting Hungary Kft, a company registered in Hungary to a value of £43,161 (2023: £47,260) and E-Solutions Consulting Hungary Kft paid subcontractor expenses on behalf of E-Solutions IT Services UK Ltd to a value of £22,436 (2023: £54,748). The net amount owed is £24,980. E-Solutions IT Services UK Ltd paid subcontractor expenses on behalf of E Solutions Systech Ireland Limited for £54,383. The amount due to E-Solutions IT Services UK Ltd is £54,383.
7
Controlling party
The ultimate parent company is E-Solution IT Services Private Ltd , a company registered at 142 Sector-27A, Chandigargh,160019, India.
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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