Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-05-282025-05-282025-03-312025-05-28Birlasoft Solutions GmbHtruetruefalsetruefalsetruetruetrue2024-04-011312false 11317680 2024-04-01 2025-03-31 11317680 2023-04-01 2024-03-31 11317680 2025-03-31 11317680 2024-03-31 11317680 2023-04-01 11317680 c:CompanySecretary1 2024-04-01 2025-03-31 11317680 c:Director1 2024-04-01 2025-03-31 11317680 c:Director2 2024-04-01 2025-03-31 11317680 c:Director3 2024-04-01 2025-03-31 11317680 c:RegisteredOffice 2024-04-01 2025-03-31 11317680 d:ComputerEquipment 2024-04-01 2025-03-31 11317680 d:ComputerEquipment 2025-03-31 11317680 d:ComputerEquipment 2024-03-31 11317680 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11317680 d:CurrentFinancialInstruments 2025-03-31 11317680 d:CurrentFinancialInstruments 2024-03-31 11317680 d:Non-currentFinancialInstruments 2025-03-31 11317680 d:Non-currentFinancialInstruments 2024-03-31 11317680 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11317680 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11317680 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11317680 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11317680 e:UnitedKingdom 2024-04-01 2025-03-31 11317680 e:UnitedKingdom 2023-04-01 2024-03-31 11317680 e:RestEuropeOutsideUK 2024-04-01 2025-03-31 11317680 e:RestEuropeOutsideUK 2023-04-01 2024-03-31 11317680 e:RestWorldOutsideUK 2024-04-01 2025-03-31 11317680 e:RestWorldOutsideUK 2023-04-01 2024-03-31 11317680 d:UKTax 2024-04-01 2025-03-31 11317680 d:UKTax 2023-04-01 2024-03-31 11317680 d:ShareCapital 2025-03-31 11317680 d:ShareCapital 2024-03-31 11317680 d:ShareCapital 2023-04-01 11317680 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 11317680 d:RetainedEarningsAccumulatedLosses 2025-03-31 11317680 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11317680 d:RetainedEarningsAccumulatedLosses 2024-03-31 11317680 d:RetainedEarningsAccumulatedLosses 2023-04-01 11317680 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 11317680 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11317680 c:OrdinaryShareClass1 2024-04-01 2025-03-31 11317680 c:OrdinaryShareClass1 2025-03-31 11317680 c:OrdinaryShareClass1 2024-03-31 11317680 c:FRS102 2024-04-01 2025-03-31 11317680 c:Audited 2024-04-01 2025-03-31 11317680 c:FullAccounts 2024-04-01 2025-03-31 11317680 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11317680 d:Subsidiary1 2024-04-01 2025-03-31 11317680 d:Subsidiary1 1 2024-04-01 2025-03-31 11317680 2 2024-04-01 2025-03-31 11317680 6 2024-04-01 2025-03-31 11317680 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 11317680







ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


BIRLASOFT SOLUTIONS LIMITED






































img0893.png                        

 


BIRLASOFT SOLUTIONS LIMITED
 


 
COMPANY INFORMATION


Directors
A A Guha 
S S Kejriwal 
K Shah 




Company secretary
A Satija



Registered number
11317680



Registered office
4th Floor
53-54 Grosvenor Street

London

W1K 3HU




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

4th Floor, 95 Gresham Street

London

EC2V 7AB





 


BIRLASOFT SOLUTIONS LIMITED
 



CONTENTS



Page
Strategic Report
1 - 2
Directors' Report
3 - 4
Independent Auditor's Report
5 - 8
Statement of Comprehensive Income
9
Statement of Financial Position
10
Statement of Changes in Equity
11
Notes to the Financial Statements
12 - 25


 


BIRLASOFT SOLUTIONS LIMITED
 


 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025

Introduction
 
The directors present their strategic report for the year ended 31 March 2025.

Business review
 
There is a decrease in the revenue during the current financial year, due to closure of certain projects with existing customers. The management are aware of the market conditions and have worked on strategies and plans for the upcoming year, undertaken branding initiatives and are looking to forge strategic business partnerships as well. The Company has managed to retain its existing customer base and is also putting a plan around margin improvement and operational efficiency. The Company continued its focus on offshore model of delivery and provide solution based delivery to its clients. There is a increase in the Pre sales/ Sales cost allocation as we have invested in sales and Branding activities in during FY 25. Due to the decrease in the revenue compared to last financial year and increase in the cost due to investment in sales and Branding activities FY 25 has shown losses.
The Company's key financial and other performance indicators during the year were as follows:
                                                                                        2025                                        2024
Turnover                                                                £12,487,291                             £14,549,832
Gross profit                                                                £837,421                                   £959,702    
As a % of sales                                                             6.71%                                       6.60%
Operating (loss)/profit                                            (£487,207)                                (£32,600)

Principal risks and uncertainties
 
The Company's financial instruments comprise cash and liquid resources, various items such as trade debtors, trade creditors etc that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the Company's operations. It is, and has been throughout the period under review, the Company's policy that no trading in financial instruments shall be undertaken. The main risks arising from the company's financial instruments are liquidity risk, interest rate risk, credit risk, market risk and foreign exchange risk.
Liquidity risk
The Company has to manage the financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.
Interest risk 
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company has investments in fixed interest rate instruments and not exposed to the risk of changes in market interest rates.
Credit risk
The Company financial asset is cash. It is exposed to credit risk in respect of its cash balances as it uses only one financial institution in the UK.
Market risk
Market risk is a risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return. 
Foreign exchange risk
Foreign currency transaction exposures arising on internal and external trade flows are partially hedged. The Company's objective is to minimise the exposure of overseas trade to transaction risk by matching local currency income with local currency costs where possible, as well as maintaining multi-currency accounts to minimise conversions.

Page 1

 


BIRLASOFT SOLUTIONS LIMITED
 



STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025


This report was approved by the board and signed on its behalf.



S S Kejriwal
Director

Date: 28 May 2025

Page 2

 


BIRLASOFT SOLUTIONS LIMITED
 


 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

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 to enable them to ensure that the financial statements comply with the Companies Act 2006They 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.

Principal activity

The principal activity of the Company during the period was IT enabled services, operating in conjunction with Birlasoft Limited, the parent company which is registered in India.

Results and dividends

The loss for the year, after taxation, amounted to £506,966 (2024 - loss £105,896).

No dividends were declared in the year (2024 - £NIL) and the directors do not recommend payment of a dividend.

Directors

The directors who served during the year were:

A A Guha 
S S Kejriwal 
K Shah 

Future developments

We are looking for growth of 10 - 15% in coming year. We are expecting sales growth in next year as there is greater focus in UK region from the management. Hence lot of investments is being made in the sales team in FY 24-25. We are expecting to see the positive results by wining new projects and customers based on the pipeline created in FY 25. 

Page 3

 


BIRLASOFT SOLUTIONS LIMITED
 


 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditor

The auditor, Menzies LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





S S Kejriwal
Director

Date: 28 May 2025

Page 4

 


BIRLASOFT SOLUTIONS LIMITED
 

img0ebb.png
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRLASOFT SOLUTIONS LIMITED

Opinion


We have audited the financial statements of Birlasoft Solutions Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe 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 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 2025 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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 United Kingdom, including the Financial Reporting Council'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 ReportOur 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.


Page 5

 


BIRLASOFT SOLUTIONS LIMITED


img122c.png
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRLASOFT SOLUTIONS LIMITED (CONTINUED)

Opinion 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 set out on page 3, 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.


Page 6

 


BIRLASOFT SOLUTIONS LIMITED


img0d89.png
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRLASOFT SOLUTIONS LIMITED (CONTINUED)

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:

The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant:
 
The Companies Act 2006;
Financial Reporting Standard 102;
UK employment legislation; and
UK tax legislation.

We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
We understood how the Company is complying with those legal and regulatory frameworks by making inquiries to management and those responsible for legal and compliance procedures.
The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area.
We assessed the susceptibility of the Company financial statements to material misstatement, including how fraud might occur.
Audit procedures performed by the engagement team included:
 
Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; and
Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

As a result of the above procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud would be the use of management override of controls to manipulate results, or to cause the company to enter into transactions not in its best interests.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.


Page 7

 


BIRLASOFT SOLUTIONS LIMITED


img7415.png
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIRLASOFT SOLUTIONS LIMITED (CONTINUED)

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 2006Our 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.





Sarah Hallam FCCA (Senior Statutory Auditor)
for and on behalf of
Menzies LLP
Chartered Accountants
Statutory Auditor
4th Floor, 95 Gresham Street
London
EC2V 7AB

28 May 2025
Page 8

 


BIRLASOFT SOLUTIONS LIMITED
 


 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
Note
£
£

  

Turnover
 4 
12,487,291
14,549,832

Cost of sales
  
(11,649,870)
(13,588,703)

Gross profit
  
837,421
961,129

Administrative expenses
  
(1,324,628)
(996,367)

Other operating income
 5 
-
2,638

Operating loss
 6 
(487,207)
(32,600)

Interest receivable and similar income
 9 
10,373
-

Interest payable and similar expenses
 10 
(37,281)
(90,972)

Loss before tax
  
(514,115)
(123,572)

Tax on loss
 11 
7,149
17,676

Loss for the financial year
  
(506,966)
(105,896)

Other comprehensive income for the year
  

Currency translation differences
  
1,870
2,062

Other comprehensive income for the year
  
1,870
2,062

Total comprehensive income for the year
  
(505,096)
(103,834)

The notes on pages 12 to 25 form part of these financial statements.

Page 9

 


BIRLASOFT SOLUTIONS LIMITED
REGISTERED NUMBER:11317680



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
 12 
90
1,519

Investments
 13 
8,027,329
8,027,329

  
8,027,419
8,028,848

Current assets
  

Stocks
 14 
25,754
-

Debtors
 15 
4,715,529
5,267,238

Cash at bank and in hand
 16 
2,780,796
3,068,034

  
7,522,079
8,335,272

Creditors: amounts falling due within one year
 17 
(12,898,464)
(11,277,233)

Net current liabilities
  
 
 
(5,376,385)
 
 
(2,941,961)

Total assets less current liabilities
  
2,651,034
5,086,887

Creditors: amounts falling due after more than one year
 18 
(660,215)
(2,590,972)

Provisions for liabilities
  

Deferred tax
 19 
(597)
(597)

  
 
 
(597)
 
 
(597)

Net assets
  
1,990,222
2,495,318


Capital and reserves
  

Called up share capital 
 20 
500,000
500,000

Profit and loss account
 21 
1,490,222
1,995,318

  
1,990,222
2,495,318


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




S S Kejriwal
Director

Date: 28 May 2025

The notes on pages 12 to 25 form part of these financial statements.

Page 10

 


BIRLASOFT SOLUTIONS LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
500,000
2,099,152
2,599,152


Comprehensive income for the year

Loss for the year
-
(105,896)
(105,896)

Currency translation differences
-
2,062
2,062



At 1 April 2024
500,000
1,995,318
2,495,318


Comprehensive income for the year

Loss for the year
-
(506,966)
(506,966)

Currency translation differences
-
1,870
1,870


At 31 March 2025
500,000
1,490,222
1,990,222


The notes on pages 12 to 25 form part of these financial statements.

Page 11

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Birlasoft 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

 
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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Birlasoft Limited India as at 31 March 2025 and these financial statements may be obtained from Birlasoft Limited India, 35 & 36, Rajiv Gandhi Infotech Park, Phase - I, MIDC, Hinjawadi, Pune - 411057, Maharashtra, India.

  
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

Page 12

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the Company will continue to trade in the foreseeable future. The Company directors having made appropriate enquiries consider that adequate resources exist for the Company to continue in operational existence for the foreseeable future and with the continued support of the Company's shareholder, the Company will be able to meet its liabilities as they fall due for payment.
The Parent and Associate company of Birlasoft Solutions Ltd has agreed to invest in the Company, by way of an additional capital contribution/ Loan. The amount will be provided as and when required by the Company. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

 
2.5

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

  
2.6

Revenue

Turnover represents amounts receivable for services provided net of VAT. Revenue on perpetual software licences is recognised on approval by the customer providing there are no unfulfilled obligations.
Revenue for software services is recognised on the basis of services rendered. In case of time and material contracts, invoices are raised on the basis of customer approved timesheets. In case of fixed price projects, invoices are raised for prescribed milestones achieved on the basis of acceptance / sign-off received from customer.
In respect of other fixed-price contracts, revenue is recognised using percentage-of-completion method ('POC method') of accounting with contract costs incurred/ efforts expended determining the degree of completion of the performance obligation.
Revenue is measured based on the transaction price, which is the consideration, adjusted for vol discounts, service level credits, performance bonuses, price concessions and incentives, if any, as specified in the contract with the customer. Expenses reimbursed by customers during the project execution are recorded as reduction to associated costs. Revenue also excludes taxes collected from customers.

Page 13

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Interest income

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

 
2.8

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.

 
2.9

Current and deferred taxation

The tax expense for the year 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.


 
2.10

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.

Page 14

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Computer equipment
-
4 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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value.

Stocks relate to computer equipment to be consumed in the rendering of services.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 15

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 16

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires the directors to make significant judgements and estimates. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
The directors consider a key source of estimation uncertainty to be the estimated profit margins and the percentage of completion for contracts recognised using percentage-of-completion method ('POC method') of accounting.


4.


Turnover

The whole of the turnover is attributable to the principal activity, IT enabled services.

Analysis of turnover by country of destination:

2025
2024
£
£

United Kingdom
9,082,421
11,828,635

Rest of Europe
1,190,187
1,234,674

Rest of the world
2,214,683
1,486,523

12,487,291
14,549,832



5.


Other operating income

2025
2024
£
£

Other operating income
-
2,638

-
2,638


Page 17

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Operating loss

The operating loss is stated after charging:

2025
2024
£
£

Exchange differences
(17,720)
44,647


7.


Auditor's remuneration

During the year, the Company obtained the following services from the Company's auditor:


2025
2024
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements
19,600
15,650








8.


Employees

Staff costs were as follows:


2025
2024
£
£

Wages and salaries
2,026,398
1,514,042

Social security costs
49,904
72,876

Cost of defined contribution scheme
5,730
6,146

2,082,032
1,593,064


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Consultants
12
10



Administration
1
2

13
12

Directors remuneration for the year ended 31 March 2025 was £NIL (2024 - £NIL).

Page 18

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Interest receivable

2025
2024
£
£


Other interest receivable
10,373
-

10,373
-


10.


Interest payable and similar expenses

2025
2024
£
£


Interest payable on loans from group undertakings
37,281
90,972

37,281
90,972

Page 19

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Taxation


2025
2024
£
£

Corporation tax


Adjustments in respect of previous periods
(7,149)
(17,676)


Total current tax
(7,149)
(17,676)

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Loss on ordinary activities before tax
(514,115)
(123,572)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
(128,529)
(30,893)

Effects of:


Expenses not deductible for tax purposes
(131)
(277)

Depreciation for year in excess of capital allowances
357
210

Tax losses available for carry forward
121,154
30,960

Adjustments to tax charge in respect of prior periods
-
(17,676)

Total tax charge for the year
(7,149)
(17,676)


Factors that may affect future tax charges

The Company has taxable losses carried forward of £636,526 (2024 - £123,314).

Page 20

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2024
7,514


Disposals
(651)



At 31 March 2025

6,863



Depreciation


At 1 April 2024
5,995


Charge for the year on owned assets
975


Disposals
(197)



At 31 March 2025

6,773



Net book value



At 31 March 2025
90



At 31 March 2024
1,519

Page 21

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

13.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
8,027,329



At 31 March 2025
8,027,329





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Birlasoft Solutions GmbH
Meisenstr, 96 D - 33607 Bielefeld
Ordinary
100%

Birlasoft Solutions Limited is acting as a 'Guarantor'. As per the agreement the guarantor shall pay all such amounts payable by Birlasoft Solutions Gmbh (formerly KPIT Solutions GmbH) as though the guarantor instead of Birlasoft Solutions GmbH (formerly KPIT Solutions GmbH was expressed to be the principal debtor.






Page 22

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


Stocks

2025
2024
£
£

Raw materials
25,754
-

25,754
-



15.


Debtors

2025
As restated 2024
£
£



Trade debtors
1,532,454
2,553,231

Amounts owed by group undertakings
2,700,281
1,586,578

Other debtors
12,352
33,797

Prepayments and accrued income
470,442
962,235

Tax recoverable
-
131,397

4,715,529
5,267,238



16.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
2,780,796
3,068,034

2,780,796
3,068,034



17.


Creditors: Amounts falling due within one year

2025
As restated 2024
£
£

Amounts owed to group undertakings
12,182,414
10,403,039

Other taxation and social security
145,650
280,377

Other creditors
105,534
178,150

Accruals and deferred income
464,866
415,667

12,898,464
11,277,233


Page 23

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

18.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Amounts owed to group undertakings
660,215
2,590,972

660,215
2,590,972



19.


Deferred taxation




2025


£






At beginning of year
(597)



At end of year
(597)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(597)
(597)

(597)
(597)


20.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



500,000 (2024 - 500,000) Ordinary shares of £1.00 each
500,000
500,000



21.


Reserves

Profit and loss account

This reserve relates to the cumulative retained earnings less amounts distributed to shareholders.


22.


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 £5,730  (2024 - £6,146).

Page 24

 


BIRLASOFT SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

23.


Controlling party

The ultimate controlling party and ultimate and immediate parent company is Birlasoft Limited, a company registered in India. 
The Company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Birlasoft Limited India, and this is the largest and smallest group for which accounts are drawn up. Copies of that company's financial statements are available from 35 & 36, Rajiv Gandhi Infotech Park, Phase I, MIDC, Hinjawadi, Pune - 411057, Maharashtra, India.

 
Page 25