CLX Europe Media Solution Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

CLX Europe Media Solution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02238412 . The registered office is Unit 4, Red Lion Court, Alexandra Road, Hounslow, TW3 1JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The Director has performed a robust analysis of forecast future cash flows taking into account the potential impact on the business of possible future scenarios arising from current issues affecting the UK and worldwide.

Based on these assessments and having regard to the resources available to the entity, the Director has concluded that there are no adjusting post balance sheet events and that there is no material uncertainty in relation to going concern for a period of at least 12 months from when the financial statements are authorised for issue. As such the Director continues to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and it can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company derives its turnover from the sale of customised digital solutions which are invoiced to customers when the service has completed.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% on cost
Plant & Machinery	33% straight line
Fixtures & Fittings	20% reducing balance

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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CLX Europe Media Solution Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	54,068	198,853	34,964	287,885
Additions	-	1,333	-	1,333
Disposals	(54,068 )	(185,649 )	-	(239,717 )

As at 31 March 2025	-	14,537	34,964	49,501

Depreciation
As at 1 April 2024	54,068	192,731	34,964	281,763
Provided during the period	-	3,764	-	3,764
Disposals	(54,068 )	(185,649 )	-	(239,717 )

As at 31 March 2025	-	10,846	34,964	45,810

Net Book Value
As at 31 March 2025	-	3,691	-	3,691

As at 1 April 2024	-	6,122	-	6,122

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	481,674	593,003
Other debtors	27,170	78,601
Amounts owed by group undertakings	199,717	-

	708,561	671,604

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CLX Europe Media Solution Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	173	12,377
Other taxes and social security	67,255	161,261
Amounts due to group undertakings	672,119	184,450
Other creditors	45,791	52,410
Accruals and deferred income	11,774	40,110

	797,112	450,608

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

8. Related Party Transactions

The company has taken advantage of the exemption of Section 1AC.35 in FRS 102 Section 1A from the requirement to disclose transactions entered into between wholly owned group members.

9. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. Ultimate Controlling Party

The immediate parent company is CLX Europe Media Solution GMbh incorporated in Germany. The principal place of business is Barmbeker Str.8, 22303 Hamburg.

The ultimate parent company is eClerx Services Limited incorporated in India. The registered office is Sonawala Building, 1st Floor, 29 Bank street, Fort, Mumbai 400 023, Maharashtra, India.

Consolidated accounts which includes CLX Europe Media Solution Ltd are available from the registered office in India.

11. Audit Information

The auditor's report on the accounts of CLX Europe Media Solution Ltd for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Lorraine Curtis BFP ACA FCCA (Senior Statutory Auditor) for and on behalf of Nordens Audit Limited , Statutory Auditor.

Nordens Audit Limited

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,691		6,122

			3,691		6,122
CURRENT ASSETS
Debtors	5	708,561		671,604
Cash at bank and in hand		1,510,705		1,067,380

		2,219,266		1,738,984
Creditors: Amounts Falling Due Within One Year	6	(797,112 )		(450,608 )

NET CURRENT ASSETS (LIABILITIES)			1,422,154		1,288,376

TOTAL ASSETS LESS CURRENT LIABILITIES			1,425,845		1,294,498

NET ASSETS			1,425,845		1,294,498

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			1,425,843		1,294,496

SHAREHOLDERS' FUNDS			1,425,845		1,294,498