PTP Accounts Production v24.3.0.553 04185214 Board of Directors 1.4.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041852142023-03-31041852142024-03-31041852142023-04-012024-03-31041852142022-03-31041852142022-04-012023-03-31041852142023-03-3104185214ns15:EnglandWales2023-04-012024-03-3104185214ns14:PoundSterling2023-04-012024-03-3104185214ns10:Director12023-04-012024-03-3104185214ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104185214ns10:SmallEntities2023-04-012024-03-3104185214ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104185214ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104185214ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104185214ns10:FullAccounts2023-04-012024-03-3104185214ns10:Director22023-04-012024-03-3104185214ns10:Director32023-04-012024-03-3104185214ns10:Director42023-04-012024-03-3104185214ns10:RegisteredOffice2023-04-012024-03-3104185214ns5:CurrentFinancialInstruments2024-03-3104185214ns5:CurrentFinancialInstruments2023-03-3104185214ns5:Non-currentFinancialInstruments2024-03-3104185214ns5:Non-currentFinancialInstruments2023-03-3104185214ns5:ShareCapital2024-03-3104185214ns5:ShareCapital2023-03-3104185214ns5:RetainedEarningsAccumulatedLosses2024-03-3104185214ns5:RetainedEarningsAccumulatedLosses2023-03-3104185214ns5:PlantMachinery2023-03-3104185214ns5:PlantMachinery2023-04-012024-03-3104185214ns5:PlantMachinery2024-03-3104185214ns5:PlantMachinery2023-03-3104185214ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104185214ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31041852141ns10:Director12023-03-31041852141ns10:Director12022-03-31041852141ns10:Director12023-04-012024-03-31041852141ns10:Director12022-04-012023-03-31041852141ns10:Director12024-03-31041852141ns10:Director12023-03-31
REGISTERED NUMBER: 04185214 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ZSQUARE GLOBAL SOLUTIONS LIMITED

ZSQUARE GLOBAL SOLUTIONS LIMITED (Registered number: 04185214)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZSQUARE GLOBAL SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: MRS R CHALASANI
G S R Adhikarla
Mrs R Chalasani
V R R M Turaga



REGISTERED OFFICE: 39
Ludgate Hill City
London
EC4M 7JN



REGISTERED NUMBER: 04185214 (England and Wales)



ACCOUNTANTS: Euro Ashfords (UK) Ltd
2nd Floor,
39 Ludgate hill
London
EC4M 7JN



BANKERS: HSBC Bank Plc
The Helicon
1 South Place
London
EC2M 2UP

ZSQUARE GLOBAL SOLUTIONS LIMITED (Registered number: 04185214)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,033 1,377

CURRENT ASSETS
Debtors 5 330,048 183,160
Cash at bank 18,314 17,306
348,362 200,466
CREDITORS
Amounts falling due within one year 6 497,603 361,937
NET CURRENT LIABILITIES (149,241 ) (161,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(148,208

)

(160,094

)

CREDITORS
Amounts falling due after more than one
year

7

13,630

23,537
NET LIABILITIES (161,838 ) (183,631 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (161,938 ) (183,731 )
SHAREHOLDERS' FUNDS (161,838 ) (183,631 )

ZSQUARE GLOBAL SOLUTIONS LIMITED (Registered number: 04185214)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 19 March 2025 and were signed on its behalf by:





MRS R CHALASANI - Director


ZSQUARE GLOBAL SOLUTIONS LIMITED (Registered number: 04185214)

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

1. STATUTORY INFORMATION

ZSQUARE GLOBAL 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.

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.

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.

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.

Going concern
The director is of the opinion that, the company will continue to operate in the foreseeable future and be able to realise assets and discharge liabilities in normal course of business. The accounts have been prepared on going concern basis due to the continued support received from the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - NIL ) .

ZSQUARE GLOBAL SOLUTIONS LIMITED (Registered number: 04185214)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 17,751
DEPRECIATION
At 1 April 2023 16,374
Charge for year 344
At 31 March 2024 16,718
NET BOOK VALUE
At 31 March 2024 1,033
At 31 March 2023 1,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 322,828 174,292
Other debtors 7,220 8,868
330,048 183,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 476,481 313,763
Taxation and social security 6,454 32,396
Other creditors 4,020 5,130
497,603 361,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,630 23,537

ZSQUARE GLOBAL SOLUTIONS LIMITED (Registered number: 04185214)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
MRS R CHALASANI
Balance outstanding at start of year - 27,244
Amounts repaid - (27,244 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

At the balance sheet date, the director Mrs Rekha Chalasani owns 70% shareholding in the company. Therefore, she is the ultimate controlling party by the virtue of her shares.

At the balance sheet date, the Director Mrs. Rekha Chalasani was owed £nil (2023:£nil) by the
company, which was an interest free loan given to the company.

A new director Mr Venkata Raghu Rama Murthy Turaga was appointed on 02/01/2023.

9. RELATED PARTY DISCLOSURES

At the balance sheet, the company owed £58,691 (2023:£58,691) to the related company European software solutions UK ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is MRS R CHALASANI.