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Registered number: 12992991









Motherson Technology Services United Kingdom Limited









Financial statements

Information for filing with the registrar

For the Period Ended 31 March 2025

 
Motherson Technology Services United Kingdom Limited
Registered number: 12992991

Statement of financial position
As at 31 March 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
557
1,361

  
557
1,361

Current assets
  

Debtors: amounts falling due after more than one year
 6 
332,612
107,007

Debtors: amounts falling due within one year
 6 
3,369,858
3,340,530

Cash at bank and in hand
 7 
284,455
432,264

  
3,986,925
3,879,801

Creditors: amounts falling due within one year
 8 
(6,520,624)
(5,737,490)

Net current liabilities
  
 
 
(2,533,699)
 
 
(1,857,689)

Total assets less current liabilities
  
(2,533,142)
(1,856,328)

  

Net liabilities
  
(2,533,142)
(1,856,328)


Capital and reserves
  

Called up share capital 
 10 
100,000
100,000

Other reserves
 11 
36,123
36,123

Profit and loss account
 11 
(2,669,265)
(1,992,451)

  
(2,533,142)
(1,856,328)


Page 1

 
Motherson Technology Services United Kingdom Limited
Registered number: 12992991
    
Statement of financial position (continued)
As at 31 March 2025

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





................................................
Rajesh Thakur
Director

Date: 16 May 2025

The notes on pages 4 to 14 form part of these financial statements.

Page 2

 
Motherson Technology Services United Kingdom Limited
 

Statement of changes in equity
For the Period Ended 31 March 2025


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 April 2023
100,000
36,123
(1,671,430)
(1,535,307)


Comprehensive income for the year

Loss for the year

-
-
(321,021)
(321,021)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(321,021)
(321,021)


Total transactions with owners
-
-
-
-



At 1 April 2024
100,000
36,123
(1,992,451)
(1,856,328)


Comprehensive income for the period

Loss for the period

-
-
(676,814)
(676,814)


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
(676,814)
(676,814)


Total transactions with owners
-
-
-
-


At 31 March 2025
100,000
36,123
(2,669,265)
(2,533,142)


The notes on pages 4 to 14 form part of these financial statements.

Page 3

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

1.


General information

Motherson Technology Services United Kingdom Limited is a Company limited by shares incorporated in England and Wales. The Company's registration number and address of the registered office is given in the Company information page of these financial statements.
The principal activities of the Company in the period under review was that of a Information Technology and Consulting.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year, the Company has made losses and at the balance sheet date, the Company's total liabilities exceeded its total assets by £2,533,142 (2024: £1,856,328) and its current liabilities exceeded current assets by £2,533,699 (2024: £1,857,689). 
Since inception, the Company has relied on the funding from parent Company. During the year, the Company received fundings totaling £787k (2024: £1.04 million) from its parent company. In the directors' opinion, this financing arrangements and continuous support from parent Company enables the company to meet its obligations as they fall due. 
      
The directors are confident that company will achieve continuous growth in its turnover and will become profitable in the foreseeable future. Due to continuous support from the parent Company and directors' expectation to turn the Company into profitability, it is appropriate to prepare the financial statements on going concern basis.

Page 4

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

  
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.11

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furnitures and fixtures
-
Straight Line Method over 5 years
Computer equipment
-
Straight Line Method over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 7

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

2.Accounting policies (continued)

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Investments in non-derivative instruments that are equity to the issuer are measured:
1. at fair value with changes recognised in the Income statement if the shares are publicly traded or their fair value can otherwise be measured reliably;
2. at cost less impairment for all other investments.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the
Page 8

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

2.Accounting policies (continued)


2.16
Financial instruments (continued)

difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at
the reporting date. 
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.


4.


Employees

2025
2024
£
£

Wages and salaries
171,461
267,655

Social security costs
23,026
31,915

Cost of defined contribution scheme
13,025
20,293

207,512
319,863


The average monthly number of employees, including directors, during the period was 2 (2024 - 3).

Page 9

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

5.


Tangible fixed assets





Computer equipments

£



Cost or valuation


At 1 April 2024
7,111



At 31 March 2025

7,111



Depreciation


At 1 April 2024
5,750


Charge for the period on owned assets
804



At 31 March 2025

6,554



Net book value



At 31 March 2025
557

There were no outstanding capital commitments at the year end.

Page 10

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

6.


Debtors

2025
2024
£
£

Due after more than one year

Deferred tax asset
332,612
107,007

332,612
107,007


2025
2024
£
£

Due within one year

Trade debtors
53,527
294,593

Amounts owed by group undertakings
2,794,550
2,688,743

Other debtors
475,980
292,988

Prepayments and accrued income
45,801
64,206

3,369,858
3,340,530


Amount owed by group undertakings represent various advances given to fellow subsidiaries headed by the same parent. These advances are unsecured, repayable on demand and carry interest at varying rate based on loan agreement for each advances.


7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
284,455
432,264

284,455
432,264


Page 11

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
467,496
901,642

Employee dues
-
19,235

Amounts owed to group undertakings
5,928,457
4,662,625

Corporation tax
3,612
-

Statutory Dues - withholding tax
36,172
29,295

Other creditors
1,226
5,517

Accruals
46,411
92,982

Interest payable
25,790
14,734

Deferred Revenue
11,460
11,460

6,520,624
5,737,490


Page 12

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

9.


Deferred taxation




2025


£






At beginning of year
107,007


Charged to profit or loss
225,605



At end of year
332,612

The deferred tax asset is made up as follows:

2025
2024
£
£


Accelerated capital allowances
332,612
107,007

332,612
107,007


10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100,000 (2024 - 100,000) Ordinary equity share capital shares of £1.00 each
100,000
100,000



11.


Reserves

Other reserves

Other reserve represents the potential saving in bank interest due to lower interest rate on bank loan   because of guarantee provided by the parent company. Without parent company's guarantee the  company would have paid higher interest and the potential saving/benefit has been recognised as capital contribution. This is non distributable reserve.

Profit and loss account

Profit and loss reserves shows the accumulated losses of the Company.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,025 (2024: £20,293). Contributions totaling £1,776 (2024: £5,517) were payable to the fund at the reporting date.

Page 13

 
Motherson Technology Services United Kingdom Limited
 
 
 
Notes to the financial statements
For the Period Ended 31 March 2025

13.


Related party transactions

The Company has taken advantage of exemption available under Sec 33 of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with parent company and wholly owned subsidiaries within the group that are eliminated on consolidation.


14.


Controlling party

The immediate parent Company is Motherson Technology Services Limited, a company registered India, who owns 100% ordinary shares in the Company. Parent Company prepares consolidated accounts and copy of group accounts can be obtained from the parent company's registered office address at Unit 705, C wing, One BKC, G Block, Bandra East, Mumbai, Bandra (East), Mumbai, Mumbai - 400051, Maharashtra, India.
Ultimate parent company is Samvardhana Motherson International Limited, a company  listed on National Stock Exchange (NSE) in India and Bombay Stock Exchange (BSE) in India. 


15.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

Material uncertainty related to going concern:
We draw attention to note 2.2 in the financial statements. At the end of the financial year, the Company's total liabilities exceeded its total assets by £2,533,142 (2024: £1,856,328) and its current liabilities exceeded current assets by £2,533,699 (2024: £1,857,689).
As stated in note 2.2, these events or conditions along with other matters as set forth in the note 2.2, indicate that material uncertainty exist that may cast significant doubt on Company's ability to continue as a going concern. 
Our opinion is not modified in respect of this matter.
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, as explained in note 2.2, is appropriate.

The audit report was signed on 16 May 2025 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 14