Registration number:
Datamatics Business Solutions UK Limited
for the Year Ended 31 March 2025
Datamatics Business Solutions UK Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Independent Auditor's Report |
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Income Statement |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Income Statement |
Datamatics Business Solutions UK Limited
Company Information
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Directors |
Nishant Yogendra Kanodia Luis Enrique Novella |
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Registered office |
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Auditors |
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Datamatics Business Solutions UK Limited
Strategic Report for the Year Ended 31 March 2025
The directors present their strategic report for the year ended 31 March 2025.
Principal activity
The principal activity of the company is IT enabled and Business Process Management Services.
Fair review of the business
Revenue for the year amounted to £1,988,033 (2024: £2,019,613) and profit before tax for the current year was £93,778 (2024: 84,872).
Principal risks and uncertainties
Risk Management is embedded in Datamatics operating framework. The Company has a Risk Management policy, which lays down the broad guidelines to identify, assess, categorize and prioritise risk in a timely manner and formulate plans for mitigation of such risks.
Approved and authorised by the
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Datamatics Business Solutions UK Limited
Directors' Report for the Year Ended 31 March 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
Directors of the company
The directors who held office during the year were as follows:
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual 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 of 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 apply them consistently;
• make judgements and accounting estimates that are reasonable and prudent;
• state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 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.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Datamatics Business Solutions UK Limited
Independent Auditor's Report to the Members of Datamatics Business Solutions UK Limited
Opinion
We have audited the financial statements of Datamatics Business Solutions UK Limited (the 'company') for the year ended 31 March 2025, which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Directors is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Datamatics Business Solutions UK Limited
Independent Auditor's Report to the Members of Datamatics Business Solutions UK Limited
Responsibilities of directors
As explained more fully in the statement of director’s responsibilities set out on page 3, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing potential risks related to irregularities, including fraud and non-compliance with laws and regulations, we conducted:
• Meetings with those charged with governance;
• Enquiries of management, including obtaining and reviewing supporting documentation, concerning the entity's material policies and procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance relating to the detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
• Assessment of material transactions with related parties and key individuals; and
• Discussions among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. The engagement team includes the Audit Director and staff who have extensive experience of working with companies in the same sector as the company and this experience was relevant to the discussion about where fraud risks may arise.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities.
This description forms part of our auditor’s report.
Datamatics Business Solutions UK Limited
Independent Auditor's Report to the Members of Datamatics Business Solutions UK Limited
Use of our report
This report is made solely to the members, as a body, in accordance with the provisions of the company agreement. Our audit work has been undertaken so that we might state to the members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
1-2 Craven Road
Ealing
W5 2UA
Datamatics Business Solutions UK Limited
Income Statement for the Year Ended 31 March 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Distribution costs |
( |
- |
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Administrative expenses |
( |
( |
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Operating profit |
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Other interest receivable and similar income |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Datamatics Business Solutions UK Limited
(Registration number: 06532012)
Statement of Financial Position as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
10,000 |
10,000 |
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Retained earnings |
751,669 |
681,007 |
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Shareholders' funds |
761,669 |
691,007 |
Approved and authorised by the
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Datamatics Business Solutions UK Limited
Statement of Changes in Equity for the Year Ended 31 March 2025
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Share capital |
Retained earnings |
Total |
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At 1 April 2024 |
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Profit for the year |
- |
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At 31 March 2025 |
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Share capital |
Retained earnings |
Total |
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At 1 April 2023 |
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Profit for the year |
- |
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At 31 March 2024 |
10,000 |
681,007 |
691,007 |
Datamatics Business Solutions UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
Having assessed the principal risks and other matters in connection with the going concern of the company, the Directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements. The directors have received written confirmation from the parent company that it will provide the necessary financial support to ensure that all the company continues in its current operating capacity and its Financial obligations are paid as they fall due for a period of at least 12 months from the date of signing of the financial statements.
Revenue recognition
Revenue is recognised from selling goods when all the following conditions are satisfied (FRS 102:23.10):
'(a)the entity has transferred to the buyer the significant risks and rewards of ownership of the goods;
(b)the entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
(c)the amount of revenue can be measured reliably;
(d)it is probable that the economic benefits associated with the transaction will flow to the entity; and
(e)the costs incurred or to be incurred in respect of the transaction can be measured reliably.'
Datamatics Business Solutions UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tas assets so that the net carrying amount equals the highest amunt that is more likely than not to be recovered based on current or future taxable profit.
Related Party Transactions
The company takes advantage of the exemption from disclosing transactions with members of the same group where the subsidiary of such transactions is wholly owned by the member.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Computer equipment |
33.33 % on SLM |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Datamatics Business Solutions UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2025 |
2024 |
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Sale of goods |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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- |
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Other interest receivable and similar income |
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2025 |
2024 |
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Other finance income |
|
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Datamatics Business Solutions UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows and director's remuneration is £nil (2024: £nil).
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2025 |
2024 |
|
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Wages and salaries |
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- |
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Social security costs |
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- |
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Pension costs, defined contribution scheme |
|
- |
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- |
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
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Directors |
|
|
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Sales and marketing |
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- |
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Auditors' remuneration |
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2025 |
2024 |
|
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Audit of the financial statements |
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|
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Taxation |
Tax charged/(credited) in the income statement
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2025 |
2024 |
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Current taxation |
||
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UK corporation tax |
|
|
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UK corporation tax adjustment to prior periods |
( |
- |
|
23,116 |
18,741 |
Datamatics Business Solutions UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Tangible assets |
|
Office equipment |
Total |
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Cost or valuation |
||
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Additions |
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At 31 March 2025 |
|
|
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Depreciation |
||
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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There was no tangible asset in 2024.
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Prepayments |
|
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|
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Details of non-current trade and other debtors
Debtors are considered recoverable within 12 months. Other debtors includes prepayment and advances made in the year.
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Cash and cash equivalents |
|
2025 |
2024 |
|
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Cash at bank |
|
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Datamatics Business Solutions UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Creditors |
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Note |
2025 |
2024 |
|
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Due within one year |
|||
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Trade creditors |
- |
|
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Amounts due to related parties |
|
- |
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Social security and other taxes |
|
|
|
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Outstanding defined contribution pension costs |
|
- |
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Accruals |
|
|
|
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Corporation tax liability |
23,228 |
16,953 |
|
|
|
|
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
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Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary shares of £1 each |
10,000 |
10,000 |
10,000 |
10,000 |
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Controlling Party |
The company's direct parent is Datamatics Business Solutions Limited in India. The directors consider this to be the ultimate beneficial owner of the company.
Datamatics Business Solutions UK Limited
Detailed Income Statement for the Year Ended 31 March 2025
|
2025 |
2024 |
|
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Turnover (analysed below) |
1,988,033 |
2,019,613 |
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Cost of sales (analysed below) |
(1,751,111) |
(1,871,920) |
|
Gross profit |
236,922 |
147,693 |
|
Gross profit (%) |
11.92% |
7.31% |
|
Distribution costs (analysed below) |
(96,129) |
- |
|
Administrative expenses |
||
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General administrative expenses (analysed below) |
(58,324) |
(64,537) |
|
Finance charges (analysed below) |
(2,705) |
(1,294) |
|
Depreciation costs (analysed below) |
(239) |
- |
|
(61,268) |
(65,831) |
|
|
Operating profit |
79,525 |
81,862 |
|
Other interest receivable and similar income (analysed below) |
14,253 |
3,010 |
|
Profit before tax |
93,778 |
84,872 |
Datamatics Business Solutions UK Limited
Detailed Income Statement for the Year Ended 31 March 2025
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2025 |
2024 |
|
Turnover |
||
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Fees receivable |
1,988,033 |
2,019,613 |
|
Cost of sales |
||
|
Direct costs |
(1,751,111) |
(1,871,920) |
|
Distribution costs |
||
|
Wages and salaries (excluding directors) |
(89,103) |
- |
|
Staff NIC (Employers) |
(6,145) |
- |
|
Staff pensions (Defined contribution) |
(881) |
- |
|
(96,129) |
- |
|
General administrative expenses |
||
|
Commissions payable |
- |
(7,782) |
|
Other administrative expenses |
- |
(6,000) |
|
Printing, postage and stationery |
(60) |
- |
|
Trade subscriptions |
(2,800) |
(6,440) |
|
Foreign currency (gains)/losses |
(7,099) |
(24,213) |
|
Advertising |
(13,887) |
- |
|
Auditor's remuneration - The audit of the company's annual accounts |
(11,500) |
(10,000) |
|
Legal and professional fees |
(8,067) |
(1,770) |
|
Bad debts written off |
(14,911) |
- |
|
Provision for doubtful debt |
- |
(8,332) |
|
(58,324) |
(64,537) |
|
Finance charges |
||
|
Bank charges |
(2,705) |
(1,294) |
|
Depreciation costs |
||
|
Depreciation of office equipment (owned) |
(239) |
- |
|
Other interest receivable and similar income |
||
|
Other interest receivable |
14,253 |
3,010 |