REGISTERED NUMBER: 11734147 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DIGITALAPICRAFT UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Bharath Kumar Kalkuni Nagaraju

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

11734147 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

1,891

-

Investments

5

-

20

1,891

20

CURRENT ASSETS

Debtors

6

586,479

501,606

Cash at bank

552,909

162,859

1,139,388

664,465

CREDITORS

Amounts falling due within one year

7

994,158

508,590

NET CURRENT ASSETS

145,230

155,875

TOTAL ASSETS LESS CURRENT LIABILITIES

147,121

155,895

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

146,121

154,895

SHAREHOLDERS' FUNDS

147,121

155,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

Bharath Kumar Kalkuni Nagaraju - Director

1.	STATUTORY INFORMATION

DigitalAPICraft UK Ltd 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months and one day from the date these financial statements were approved. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue from contracts with customers are disaggregated and reported in three categories:

a) Licensing revenue;

b) Hosting, support and maintenance for licensed products;

c) Other.

a. Licensing revenue

Licensing revenues consist primarily of fees earned from subscription-based arrangements for providing customers the right to use internally developed proprietary software in cloud-based infrastructure and its hosting charges and support and maintenance of the same.

The cloud based/SaaS based software is licensed for a specified period/term to customers and includes hosting, support and maintenance service that is provided along with the license for the term of the license period (term-based license). The subscription-based licensing arrangements generally have a contractual term of twelve months with performance obligations and termination provisions.

b. Hosting, support, and maintenance revenues

This represents fees earned from providing customers the cloud-based infrastructure/arrangement (for SaaS-based Licenses), its management, support, unspecified future updates, upgrades and enhancements, and technical product support for "licensed software products". Hosting, support, and maintenance revenue is recognised on a pro-rata basis over the term of the support period/license period.

c. Other:

Revenue from contracts for Information Technology (IT) related services, other than the licensing mentioned above, with customers priced on a time and material basis are recognised when services are rendered and related costs are incurred. For fixed price contracts revenue is recognised when the milestones are achieved and accepted by the customer. Training revenues are recognised after the services are performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Financial instruments

Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any other financial instruments, as covered by Section 12 of FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share based payments

The Company measures share-based compensation expense for all share-based payment awards granted to employees, directors and non-employees based on the estimated fair value of the awards on the date of grant. The fair value of each share option granted is estimated using the Black-Scholes-Merton option valuation model. The Black-Scholes-Merton option pricing model requires the use of assumptions including the option’s expected term and the fair value of the underlying common stock, the expected volatility of the price of the common stock, risk-free interest rates and the expected dividend yield of the common stock. The assumptions used to determine the fair value of the share-based awards are management’s best estimates and involve inherent uncertainties and the application of judgment.

The share based payment expense is recognised on a reasonable allocation of the group expense. Share-based compensation for awards with only service conditions are recognised on a straight-line basis over the requisite service period of the awards. The Company accounts for forfeitures as they occur instead of estimating the number of awards expected to be forfeited.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,945

At 31 March 2025

1,945

DEPRECIATION

Charge for year

54

At 31 March 2025

54

NET BOOK VALUE

At 31 March 2025

1,891

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

20

Disposals

(20

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

20

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

81,800

117,394

Amounts owed by group undertakings

460,015

175,842

Other debtors

44,664

208,370

586,479

501,606

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

16,170

444

Taxation and social security

221,493

80,699

Other creditors & accruals

756,495

427,447

994,158

508,590

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

154,895

Deficit for the year

(8,774

)

At 31 March 2025

146,121

10.	ULTIMATE PARENT COMPANY

The ultimate parent company is DigitalAPICraft Corporation, a company incorporated in Texas, USA. The immediate parent company is DigitalAPICraft Private Limited, a company incorporated in India.