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REGISTERED NUMBER: 06156130 (England and Wales)















Puresoftware Private Limited

Financial Statements For The Year Ended 31 March 2024






Puresoftware Private Limited (Registered number: 06156130)






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


Puresoftware Private Limited

Company Information
For The Year Ended 31 March 2024







DIRECTOR: A Baid



SECRETARY: A Baid



REGISTERED OFFICE: C/O Kingswood Allotts Limited
Sidings Court
Lakeside
Doncaster
DN4 5NU



REGISTERED NUMBER: 06156130 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Garrison BCom FCA DchA



AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
DN4 5NU

Puresoftware Private Limited (Registered number: 06156130)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 917,967 621,905
Cash at bank 679 61,410
918,646 683,315
CREDITORS
Amounts falling due within one year 5 920,318 636,188
NET CURRENT (LIABILITIES)/ASSETS (1,672 ) 47,127
TOTAL ASSETS LESS CURRENT LIABILITIES (1,672 ) 47,127

CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Retained earnings 7 (11,672 ) 37,127
SHAREHOLDERS' FUNDS (1,672 ) 47,127

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 27 March 2025 and were signed by:





A Baid - Director


Puresoftware Private Limited (Registered number: 06156130)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Puresoftware Private 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.

Financial instruments
The company holds basic financial instruments as defined by FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

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.

Going concern
The company has obtained a letter of support from Happiest Minds Technologies Limited, confirming that they will continue to provide the necessary financial and operational support to ensure that the company meets its obligations as they fall due.

Based on the above, the directors have formed a judgement at the time of approving the financial statements that there is a reasonable expectation that the group has sufficient resources and available facilities to continue in existence for the foreseeable future, including support from the parent company.

3. EMPLOYEES AND DIRECTORS

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

Puresoftware Private Limited (Registered number: 06156130)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 775,072 621,126
Amounts owed by group undertakings 142,895 -
Tax - 779
917,967 621,905

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,405 -
Social security and other taxes 227,061 169,194
Amounts owed to group undertakings 283,914 466,394
Accruals and deferred income 385,938 600
920,318 636,188

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary A £1 10,000 10,000

7. RESERVES
Retained
earnings
£   

At 1 April 2023 37,127
Deficit for the year (48,799 )
At 31 March 2024 (11,672 )

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

The Report of the Auditors was unqualified.

Mark Garrison BCom FCA DchA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £283,913.91 and was owed £142,895.00 to/ from the parent company.

10. POST BALANCE SHEET EVENTS

On 25 April 2024 it was announced that Happiest Minds Technologies were to acquire 100% of the equity share capital of PureSoftware Technologies Private Limited, therefore becoming the ultimate controlling party of PureSoftware Private Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Happiest Minds Technologies Limited.