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Registration number: 15242867

Mswipe Technologies (UK) Private Limited

Unaudited Filleted Financial Statements

for the Period from 27 October 2023 to 31 March 2025

 

Mswipe Technologies (UK) Private Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Mswipe Technologies (UK) Private Limited

Company Information

Directors

Mr Manishkumar Patel

Mr Ketan Patel

Mr Nahil Patel

Registered office

42-46 Station Road
Edgware
Middlesex
HA8 7AB

Accountants

Kajaine Kafton LLP
Chartered Accountants42-46 Station Road
Edgware
Middlesex
HA8 7AB

 

Mswipe Technologies (UK) Private Limited

(Registration number: 15242867)
Balance Sheet as at 31 March 2025

Note

2025
£

Current assets

 

Debtors

4

26,060

Cash at bank and in hand

 

52,835

 

78,895

Creditors: Amounts falling due within one year

5

(202,397)

Net liabilities

 

(123,502)

Capital and reserves

 

Called up share capital

6

75,100

Retained earnings

(198,602)

Shareholders' deficit

 

(123,502)

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 July 2025 and signed on its behalf by:
 

.........................................
Mr Manishkumar Patel
Director

 

Mswipe Technologies (UK) Private Limited

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

These financial statements were authorised for issue by the Board on 25 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mswipe Technologies (UK) Private Limited

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

4

Debtors

Current

2025
£

Other debtors

26,060

 

26,060

 

Mswipe Technologies (UK) Private Limited

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

Due within one year

 

Trade creditors

 

20,390

Other creditors

 

153,447

Accrued expenses

 

28,560

 

202,397

6

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary sahres of £1 each

75,100

75,100