Company Registration No. 14275972 (England and Wales)
Schbang Digital Solutions Private Limited
Unaudited accounts
for the year ended 31 March 2025
Schbang Digital Solutions Private Limited
Unaudited accounts
Contents
Schbang Digital Solutions Private Limited
Company Information
for the year ended 31 March 2025
Directors
KARIA, Harshil
KARIA, Sohil
CHHABRIA, Viren
Company Number
14275972 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Schbang Digital Solutions Private Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
114,862
20,095
Creditors: amounts falling due within one year
(490,729)
(344,238)
Net current liabilities
(310,592)
(278,520)
Net liabilities
(310,492)
(278,254)
Called up share capital
200
200
Profit and loss account
(310,692)
(278,454)
Shareholders' funds
(310,492)
(278,254)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by
CHHABRIA, Viren
Director
Company Registration No. 14275972
Schbang Digital Solutions Private Limited
Notes to the Accounts
for the year ended 31 March 2025
Schbang Digital Solutions Private Limited is a private company, limited by shares, registered in England and Wales, registration number 14275972. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 year straight line
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Audit exemption statement:
For the year ending 31st March 2025, the company was entitled to exemption from audit under section 477 of the Companies
Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with
section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’
regime.
Schbang Digital Solutions Private Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
65,275
45,623
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
186,776
44,359
Amounts owed to group undertakings and other participating interests
237,866
287,365
Taxes and social security
5,098
3,559
Other creditors
37,552
7,693
Allotted, called up and fully paid:
200,000 Ordinary shares of £0.001 each
200
200
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Transactions with related parties
Included in creditors is an amount of £237,866 (2024: £287,365) owed to Schbang Digital Solutions Private Limited, an entity controlled by a director of the company. The amount is unsecured, interest bearing and repayable on demand.
The company is a wholly owned subsidiary of Schbang Digital Solutions Private Limited, which is the ultimate controlling party.
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Average number of employees
During the year the average number of employees was 2 (2024: 2).