ACCOUNTS - Final Accounts

Company registration number: 13324889

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	STL TECH SOLUTIONS LIMITED


STL TECH SOLUTIONS LIMITED

COMPANY INFORMATION

Directors	Venkatesh Murthy
	Rahul Puri


Registered number	13324889


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	95 Gresham Street
	London
	EC2V 7AB


STL TECH SOLUTIONS LIMITED

CONTENTS

	Page
Balance sheet	1
Statement of changes in equity	2 - 3
Notes to the financial statements	4 - 7


STL TECH SOLUTIONS LIMITED REGISTERED NUMBER:13324889

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		21,045		5,000
			21,045		5,000
Current assets
Debtors Within One Year	5	205,926		236,850
Cash at bank and in hand	6	14,601		26,759
		220,527		263,609
Creditors: amounts falling due within one year	7	(267,085)		(272,218)
Net current liabilities			(46,558)		(8,609)
Total assets less current liabilities			(25,513)		(3,609)

Net liabilities			(25,513)		(3,609)

Capital and reserves
Called up share capital	400,000	400,000
Other reserves	5,000	-
Profit and loss account	(430,513)	(403,609)
	(25,513)	(3,609)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Rahul Puri

Director

Date: 12 December 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 1

STL TECH SOLUTIONS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Other reserves	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2024	400,000	-	(403,609)	(3,609)
Comprehensive income for the year
Loss for the year	-	-	(26,904)	(26,904)
Other comprehensive income for the year	-	-	-	-
Total comprehensive income for the year	-	-	(26,904)	(26,904)
Contributions by and distributions to owners
Capital contribution	-	5,000	-	5,000
Total transactions with owners	-	5,000	-	5,000
At 31 March 2025	400,000	5,000	(430,513)	(25,513)

The notes on pages 4 to 7 form part of these financial statements.

Page 2

STL TECH SOLUTIONS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 9 April 2023	400,000	(391,708)	8,292
Comprehensive income for the year
Loss for the year	-	(11,901)	(11,901)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(11,901)	(11,901)
Total transactions with owners	-	-	-
At 31 March 2024	400,000	(403,609)	(3,609)

The notes on pages 4 to 7 form part of these financial statements.

Page 3


STL TECH SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	Statutory Information

STL Tech Solutions Limited 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The directors consider that the financial resources available to the Company are adequate to meet its operational needs for the foreseeable future or at least 12 months from the date of signature of these accounts. The companies parent company, Sterlite Technologies Limited, India has pledged to continue providing ongoing support. Accordingly, the going concern basis has been adopted in preparing these financial statements.

2.4

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.

2.5

Valuation of investments

Investments in subsidiaries undertakings are recognised at cost.

2.6

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

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STL TECH SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 5


STL TECH SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

3.	Employees
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	5,000
	Additions	21,045
	Amounts written off	(5,000)
	At 31 March 2025	21,045

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	205,751	235,000
Other debtors	175	1,850
	205,926	236,850

Page 6


STL TECH SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	14,601	26,759
	14,601	26,759

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	258,185	263,218
Accruals and deferred income	8,900	9,000
	267,085	272,218

8.	Ultimate controlling party

The company is wholly-owned subsidiary of Sterlite Technologies Limited - a company incorporated in India. The registered office of Sterlite Technologies Limited is E1, MIDC Industrial Area, Waluj, Aurangabad - 431136, Maharashtra, India.
The group accounts and copies of these can be obtained from the companies website www.stl.tech.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 12 December 2025 by Robin Hopkins FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 7