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2024-04-01
2025-03-31
Semantico Limited
Filleted accounts
31 March 2025
Company registration number:
03841410
Semantico Limited
Directors and other information
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Directors |
Ms Prarthana Agarwal |
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Mr Rahul Arora |
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Company number |
03841410 |
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Registered office |
The Old Dairy |
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12 Stephen Road |
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Headington |
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Oxford |
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OX3 9AY |
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Auditor |
Cox Hinkins Audit Services Limited |
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The Old Dairy |
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12 Stephen Road |
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Headington |
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Oxford |
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OX3 9AY |
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Semantico Limited
Directors responsibilities statement
Year ended 31st March 2025
The directors are responsible for preparing the directors report and the 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 (United Kingdom Accounting Standards 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 the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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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.
Semantico Limited
Balance sheet
31st March 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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6 |
423,870 |
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724,181 |
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Cash at bank and in hand |
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595,096 |
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67,090 |
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_______ |
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_______ |
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1,018,966 |
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791,271 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
886,667) |
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(
693,380) |
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_______ |
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_______ |
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Net current assets |
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132,299 |
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97,891 |
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_______ |
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_______ |
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Net assets |
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132,299 |
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97,891 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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58,712 |
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58,712 |
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Capital redemption reserve |
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500 |
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500 |
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Profit and loss account |
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73,087 |
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38,679 |
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_______ |
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_______ |
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Shareholders funds |
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132,299 |
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97,891 |
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_______ |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 May 2025
, and are signed on behalf of the board by:
Ms Prarthana Agarwal
Director
Company registration number:
03841410
Semantico Limited
Notes to the financial statements
Year ended 31st March 2025
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be the provision of e-publishing solutions, technical support and maintenance.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
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Computer hardware |
- |
25 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Share-based payments
Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.
Cash and cash equivalents
Cash consists of cash on hand and demand deposits. There are no cash equivalents included in the financial statements.
Other financial assets
Other financial assets comprise trade debtors, amounts owed by group undertakings and other debtors. Other financial assets are initially measured at the undiscounted amount of cash receivable and are subsequently measured at amortised cost less impairment, where there is objective evidence of an impairment.
Other financial liabilities
Other financial liabilities include trade creditors, amounts owed to group undertakings and other creditors. Other financial liabilities are measured at invoice cost, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2024:
4
).
The directors are remunerated via other group companies.
5.
Tangible assets
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Computer hardware |
Total |
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£ |
£ |
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Cost |
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At 1st April 2024 and 31st March 2025 |
3,206 |
3,206 |
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_______ |
_______ |
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Depreciation |
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At 1st April 2024 and 31st March 2025 |
3,206 |
3,206 |
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_______ |
_______ |
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Carrying amount |
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At 31st March 2025 |
- |
- |
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_______ |
_______ |
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At 31st March 2024 |
- |
- |
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_______ |
_______ |
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6.
Debtors
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
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358,504 |
618,851 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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85 |
- |
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Other debtors |
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65,281 |
105,330 |
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_______ |
_______ |
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423,870 |
724,181 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Trade creditors |
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8,126 |
8,506 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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267,777 |
85,135 |
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Social security and other taxes |
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73,649 |
60,289 |
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Other creditors |
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537,115 |
539,450 |
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_______ |
_______ |
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886,667 |
693,380 |
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_______ |
_______ |
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8.
Called up share capital
Issued, called up and fully paid
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2025 |
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2024 |
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No |
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£ |
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No |
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£ |
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Ordinary shares of £
0.01 each |
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5,871,200 |
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58,712 |
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5,871,200 |
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58,712 |
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_______ |
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_______ |
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_______ |
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_______ |
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9.
Summary audit opinion
The auditor's report dated
09 May 2025
was unqualified.
The senior statutory auditor was
Rodney Mark Morgan
for and on behalf of
Cox Hinkins Audit Services Limited
10.
Controlling party
The company is wholly owned by MPS North America LLC, a company incorporated in the United States of America.At 31 March 2025, the smallest group in which the results of the company are consolidated is MPS Limited, a company incorporated in India.The ultimate owner is ADI BPO Services Ltd, a public company incorporated in India.