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Company registration number: 08345514
Infogain Ltd
Filleted financial statements
31 March 2025
Infogain Ltd
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
Infogain Ltd
Directors and other information
Directors Mr Kulesh Bansal (Resigned 14 January 2025)
Mr Aditya Chandhok (Resigned 14 January 2025)
Ms Neha Kathuria (Appointed 14 January 2025) (Resigned 6 May 2025)
Mr Rakesh Malhotra (Appointed 14 January 2025)
Mr Dinesh Venugopal (Appointed 6 May 2025)
Company number 08345514
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Auditor Hicks and Company
Chartered Accountants and
Statutory Auditors
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Infogain Ltd
Directors responsibilities statement
Year ended 31 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:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- 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.
Infogain Ltd
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1 1
_________ _________
1 1
Current assets
Debtors 5 13,141 9,277
Cash at bank and in hand 82,472 156,795
_________ _________
95,613 166,072
Creditors: amounts falling due
within one year 6 ( 1,312,808) ( 1,402,068)
_________ _________
Net current liabilities ( 1,217,195) ( 1,235,996)
_________ _________
Total assets less current liabilities ( 1,217,194) ( 1,235,995)
_________ _________
Net liabilities ( 1,217,194) ( 1,235,995)
_________ _________
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 1,217,294) ( 1,236,095)
_________ _________
Shareholders deficit ( 1,217,194) ( 1,235,995)
_________ _________
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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 July 2025 , and are signed on behalf of the board by:
Mr Rakesh Malhotra Mr Dinesh Venugopal
Director Director
Company registration number: 08345514
Infogain Ltd
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements are prepared on a going concern basis which assumes the continued support of the company's immediate parent company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - Straight line over five years
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Computer equipment Total
£ £
Cost
At 1 April 2024 and 31 March 2025 1,017 1,017
_________ _________
Depreciation
At 1 April 2024 and 31 March 2025 1,016 1,016
_________ _________
Carrying amount
At 31 March 2025 1 1
_________ _________
At 31 March 2024 1 1
_________ _________
5. Debtors
2025 2024
£ £
Trade debtors 6,269 9,277
Amounts owed by group undertakings and undertakings in which the company has a participating interest 6,872 -
_________ _________
13,141 9,277
_________ _________
6. Creditors: amounts falling due within one year
2025 2024
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,306,905 1,388,452
Social security and other taxes 648 8,616
Other creditors 5,255 5,000
_________ _________
1,312,808 1,402,068
_________ _________
7. Summary audit opinion
The auditor's report dated 28 July 2025 was unqualified.
The senior statutory auditor was Philip Dean for and on behalf of Hicks and Company
8. Related party transactions
During the year, the company received funding from Infogain Software Solutions Inc of £nil (2024 - £nil). After exchange revaluations, the balance due to Infogain Software Solutions Inc at 31 March 2025 was £1,306,460 (2024 - £1,337,567). With effect from 30 June 2025, Infogain Software Solutions Inc has merged with Infogain Corporation.During the year, the company incurred management charges from Infogain Software Solutions Pvt. Ltd of £462 (2024 - £170,690). The balance due from Infogain Software Solutions Pvt. Ltd at 31 March 2025 was £6,872 (2024 - balance due to Infogain Software Solutions Pvt. Ltd of £151). During the year, the company incurred management charges from Infogain India Private Ltd of £24,856 (2024 - £50,734). The balance due to Infogain India Private Ltd at 31 March 2025 was £445 (2024 - £50,734).
9. Ultimate parent undertaking
The immediate parent company was Infogain Software Solutions Inc, a company registered in Delaware, USA. The immediate parent company with effect from 30 June 2025 shall be Infogain Corporation, a company registered in Delaware USA. With effect from 30 June 2025, Infogain Software Solutions Inc has been merged with Infogain Corporation. The ultimate parent undertaking of the Company is Apax X GP Co. Limited, a company registered in Guernsey, Channel Islands.