Registered number
12169142
Datametica UK Limited
Report and Financial Statements
31 March 2024
Datametica UK Limited
Report and accounts
Contents
Page
Company information 1
Strategic report 2
Directors' report 4
Statement of directors' responsibilities 5
Independent auditor's report 6
Income statement 9
Statement of comprehensive income 10
Statement of financial position 11
Statement of changes in equity 12
Statement of cash flows 13
Notes to the financial statements 14
Datametica UK Limited
Company Information
Directors
Rajiv Gupta
Dr Philip Shelley
Zoe Donavan
Secretary
Mukta Jain
Auditors
Taylors
Rosedean House
4 Argyle Road
Barnet
EN5 4DX
Registered office
Suite 6, Second Floor
213 Kingsbury Road
Jubilee Business Centre
London
NW9 8AQ
Registered number
12169142
Datametica UK Limited
Strategic Report
Review of the Business
Datametica UK Limited ("the Company"), its parent company Datametica Solutions PTE. Ltd ("Parent Company") and group companies ("Datametica Group"), are engaged in providing services and solutions in data management like descriptive analytics, predictive and advanced analytics, big data, social media analytics, mobile based business intelligence solutions, and business intelligence solutions. Datametica India (Ultimate Parent) started in 2013, headquartered in India with its UK office established in 2019, Parent company has spread its reach in multiple countries across USA, Canada, UK and APAC partnering with multiple international brands operating various sectors.

Pursuant to the Securities Purchase Agreement (SPA) dated 02 October 2023 (acquisition date) between Onix Networking Corp, Onix Buyer Inc (the acquirers) and the shareholders of the Ultimate Parent Company (Datametica Solutions Pvt Ltd), the Ultimate Parent Company (Datametica Solutions Pvt Ltd) is a subsidiary of Onix Networking Corp., United States.

During the year, the company has onboarded the necessary staff to obtain requisite regulatory licenses and approvals to offer its services.

The total revenue for the year ended 31st March 2024 was £829,471 and the profit for the year ended 31st March 2024 was £14,503. The board considers the results for the year are in line with the estimates given that this is the fifth year of the commercial business operation.
Key performance indicators
The Company compiles and assesses its key financial and non-financial performance indicators (KPI's) that assist in evaluating the performance of the Company. Considered together, the KPI's provide a comprehensive view of the underlying performance of the Company and alignment with the overall strategy of the Datametica Group.

The financial KPI's include revenue growth, margins, operating expenses and profit before tax.

Non-financial KPI's include nunber of new customers onboarded, types of services delivered, points of sale, and customer loyalty.
Principal risks and uncertainties
Due to the nature of the business and the association with brands (B2B and B2B2C), the Company has a structural advantage wherein its systems are deeply integrated with the brands and the brands eco-system partners. Prospecting to solution to contracting to development to user acceptance to commere1al launch has a gestation period which if extended may lead to delay in commencement and scale of operations.

To embed risk management throughout the Datametica Group, the company has set up a governance structure, policies and procedures, effective management reporting and controls in place to Identify, Mitigate and control risks.
Datametica UK Limited
Strategic Report
Financial risk management objectives and policies
The Company has set up processes related to budgeting and constantly monitoring the KPIs and evaluating financial performance on a periodic basis to ensure proactive actions. The company does not use derivative financial instruments for speculative purposes.
Credit risk
Credit risk Is the potential for loss caused by a counterparty failing to meet their obligation as they become due. The limited counterparty risk for the company is with its partners (B2B) and the risk is managed by regular monitoring and reviewing the hm1ts of the partners before and after the actual sales are earned out by finance and business team jointly.
Liquidity risk
Liquidity risk is the risk that net cash now is insufficient to meet the funding demands of the business on an ongoing basis. Net cash now is adequate to meet the funding requirements and Datametica is well capitalised to meet the future funding requirements.
Future developments
The Company forecasts increased levels of business activity in the forthcoming years arising from the launch of new programs and other partnerships
This report was approved by the board on 24 December 2024 and signed on its behalf.
Rajiv Gupta
Director
Datametica UK Limited
Registered number: 12169142
Directors' Report
The directors present their report and financial statements for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be that of information technology consultancy, data processing, data analytics and related activities.
Directors
The following persons served as directors during the year:
Rajiv Gupta
Dr Philip Shelley
Zoe Donavan
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 24 December 2024 and signed on its behalf.
Rajiv Gupta
Director
Datametica UK Limited
Statement of Directors' Responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Datametica UK Limited
Independent auditor's report
to the member of Datametica UK Limited
Opinion
We have audited the financial statements of Datametica UK Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In planning and designing our audit tests we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along with the results of our enquiries of management about their own identification and assessment of risks and irregularities. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in; focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK tax legislation and other laws and regulations identified as risk areas identified from our discussions with management.
We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

After consideration of the above risks we then carried out audit procedures including the following:
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

reading minutes of management meetings;

reviewing correspondence with H M Revenue & Customs;

enquiring of management and reviewing any correspondence with legal advisors concerning actual and potential litigation and claims;

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
There are inherent limitations in our audit procedures described above. The more removed that the laws and regulations are from financial transactions the less likely it is that we would be aware on non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Rajesh Gulabivala
(Senior Statutory Auditor) Rosedean House
for and on behalf of 4 Argyle Road
Taylors Barnet
Statutory Auditor EN5 4DX
24 December 2024
Datametica UK Limited
Income Statement
for the year ended 31 March 2024
Notes 2024 2023
£ £
Turnover 2 829,471 1,168,588
Cost of sales (563,209) (968,380)
Gross profit 266,262 200,208
Administrative expenses (251,759) (184,523)
Operating profit 3 14,503 15,685
Profit on ordinary activities before taxation 14,503 15,685
Tax on profit on ordinary activities 5 (2,387) (2,980)
Profit for the financial year 12,116 12,705
Datametica UK Limited
Statement of Comprehensive Income
for the year ended 31 March 2024
Notes 2024 2023
£ £
Profit for the financial year 12,116 12,705
Other comprehensive income - -
Total comprehensive income for the year 12,116 12,705
Datametica UK Limited
Statement of Financial Position
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 6 1,941 -
Current assets
Debtors 7 30,136 432,089
Cash at bank and in hand 36,203 109,721
66,339 541,810
Creditors: amounts falling due within one year 8 (30,771) (516,417)
Net current assets 35,568 25,393
Net assets 37,509 25,393
Capital and reserves
Called up share capital 9 1,000 1,000
Profit and loss account 10 36,509 24,393
Total equity 37,509 25,393
Rajiv Gupta
Director
Approved by the board on 24 December 2024
Datametica UK Limited
Statement of Changes in Equity
for the year ended 31 March 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 April 2022 1,000 11,688 12,688
Profit for the financial year - 12,705 12,705
At 31 March 2023 1,000 24,393 25,393
At 1 April 2023 1,000 24,393 25,393
Profit for the financial year - 12,116 12,116
At 31 March 2024 1,000 36,509 37,509
Datametica UK Limited
Statement of Cash Flows
for the year ended 31 March 2024
Notes 2024 2023
£ £
Operating activities
Profit for the financial year 12,116 12,705
Adjustments for:
Tax on profit on ordinary activities 2,387 2,980
Depreciation 56 -
Decrease in debtors 401,953 174,079
Decrease in creditors (485,053) (115,344)
(68,541) 74,420
Corporation tax paid (2,980) (2,981)
Cash (used in)/generated by operating activities (71,521) 71,439
Investing activities
Payments to acquire tangible fixed assets (1,997) -
Cash used in investing activities (1,997) -
Net cash (used)/generated
Cash (used in)/generated by operating activities (71,521) 71,439
Cash used in investing activities (1,997) -
Net cash (used)/generated (73,518) 71,439
Cash and cash equivalents at 1 April 109,721 38,282
Cash and cash equivalents at 31 March 36,203 109,721
Cash and cash equivalents comprise:
Cash at bank 36,203 109,721
Datametica UK Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings & equipment 33.33% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Analysis of turnover 2024 2023
£ £
Services rendered 829,471 1,168,588
By geographical market:
UK 829,471 1,168,588
3 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 56 -
Auditors' remuneration for audit services 6,300 -
4 Staff costs 2024 2023
£ £
Wages and salaries 136,472 111,399
Social security costs 3,940 5,588
Other pension costs 1,431 879
141,843 117,866
Average number of employees during the year Number Number
Administration 3 2
3 2
5 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period 2,387 2,980
Tax on profit on ordinary activities 2,387 2,980
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Profit on ordinary activities before tax 14,503 15,685
Standard rate of corporation tax in the UK 19% 19%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax 2,756 2,980
Effects of:
Expenses not deductible for tax purposes 10 -
Capital allowances for period in excess of depreciation (379) -
Current tax charge for period 2,387 2,980
6 Tangible fixed assets
Fixtures, fittings & equipment
At cost
£
Cost or valuation
Additions 1,997
At 31 March 2024 1,997
Depreciation
Charge for the year 56
At 31 March 2024 56
Carrying amount
At 31 March 2024 1,941
7 Debtors 2024 2023
£ £
Trade debtors 23,288 337,045
Other debtors 6,848 95,044
30,136 432,089
8 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,626 440,688
Corporation tax 2,387 2,980
Other taxes and social security costs 4,823 72,749
Other creditors 10,635 -
Accruals and deferred income 6,300 -
30,771 516,417
9 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1,000 1,000 1,000
10 Profit and loss account 2024 2023
£ £
At 1 April 24,393 11,688
Profit for the financial year 12,116 12,705
At 31 March 36,509 24,393
11 Related party transactions
Datametica Solutions Private Limited, registered in India provided services for project costs of £563,209 during the year.
12 Controlling party
The immediate parent company is Datametica Solutions Ltd PTE. Ltd, registered in singapore. The controlling party is Onix Holdco LLC, registered in Delaware, USA.
13 Presentation currency
The financial statements are presented in Sterling and rounded up to the nearest £.
14 Legal form of entity and country of incorporation
Datametica UK Limited is a private company limited by shares and incorporated in England.
15 Principal place of business
The address of the company's principal place of business and registered office is:
Suite 6, Second Floor
213 Kingsbury Road
Jubilee Business Centre
London
NW9 8AQ
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