Hirexa Solutions UK Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09972103 (England and Wales)
Hirexa Solutions UK Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
388,715
397,141
Cash at bank and in hand
50,638
4,904
439,353
402,045
Creditors: amounts falling due within one year
5
(386,687)
(317,686)
Net current assets
52,666
84,359
Capital and reserves
Called up share capital
6
150
150
Profit and loss reserves
52,516
84,209
Total equity
52,666
84,359

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 8 August 2025 and are signed on its behalf by:
M J Anantharajiah
Director
Company Registration No. 09972103
Hirexa Solutions UK Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

Hirexa Solutions UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 77 Fulham Palace Road, London, United Kingdom, W6 8JA.

1.1
Reporting period

These financial statements cover the year ended 31 December 2024. In the previous accounting period, the directors opted to shorten the company's period end from 31 January 2024 to 31 December 2023 to align with the end of the calendar year. Accordingly, the comparative amounts presented in these financial statements (including the related notes) are for a period of eleven months and are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has financial instruments  classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Hirexa Solutions UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Hirexa Solutions UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
4
3
Dividends
2024
2023
£
£
Final paid
37,250
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
213,064
265,615
Other debtors
1,153
25,831
Prepayments and accrued income
174,498
105,695
388,715
397,141
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
121,574
191,599
Trade creditors
161,580
50,575
Corporation tax
1,413
2,408
Other taxation and social security
30,490
34,756
Other creditors
12,602
12,350
Accruals and deferred income
59,028
25,998
386,687
317,686

Bank loans and overdrafts represent amounts due to invoice finance. There is a floating charge over all the assets of the company.

Hirexa Solutions UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 5
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
150
150
150
150
7
Related party transactions

Included within trade debtors at the year are are balances due to companies under common control of £51,693 (2023: £33,346). During the year, the company made sales of £181,464 (2023: £50,669) to these companies.

 

Included within trade creditors at the year end is a balance due to Hirexa Solutions Private Limited of £120,033 (2023: £24,311). Hirexa Solutions Private Limited is a company registered in India and is under common control. During the year, the company was charged £197,512 (2023: £98,877) by Hirexa Solutions Private Limited for services rendered.

 

Included within other creditors at the year end are balances due to the directors of the company totalling £12,573 (2023: £24,677 - debtor).

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