COMPANY REGISTRATION NUMBER:
4278824
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Debtors |
6 |
605,141 |
|
637,256 |
|
Cash at bank and in hand |
169,129 |
|
149,388 |
|
--------- |
|
--------- |
|
774,270 |
|
786,644 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
692,107) |
|
(
611,717) |
|
--------- |
|
--------- |
|
Net current assets |
|
82,163 |
174,927 |
|
|
-------- |
--------- |
|
Total assets less current liabilities |
|
82,163 |
174,927 |
|
|
-------- |
--------- |
|
Net assets |
|
82,163 |
174,927 |
|
|
-------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
82,063 |
174,827 |
|
|
-------- |
--------- |
|
Shareholders funds |
|
82,163 |
174,927 |
|
|
-------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
8 July 2026
, and are signed on behalf of the board by:
Company registration number:
4278824
|
Notes to the Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the principal place of business is Provident House, Burrell Row, Beckenham, Kent, BR3 1AT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have reviewed the trading and financial position of the company, considering all matters assessed as relevant, and conclude that the company remains a going concern as it is able to continue with its normal pattern of trading and has sufficient cash reserves to allow it to settle ongoing liabilities as they fall due. The financial statements are therefore prepared on a going concern basis
Disclosure exemptions
The company has taken advantage of the exemption in Financial Reporting Standard 102 Section 1A from the requirement to produce a cash flow statement on the grounds that it is a small company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Revenue represents the total amount receivable by the company for technical support, training and other services provided, revenue is recognised based on the agreed terms and rates over the period of the work is undertaken exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures & Fittings |
- |
25% straight line |
|
Computer Equipment |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 April 2024 and 31 March 2025 |
200 |
1,681 |
1,881 |
|
---- |
------- |
------- |
|
Depreciation |
|
|
|
|
At 1 April 2024 and 31 March 2025 |
200 |
1,681 |
1,881 |
|
---- |
------- |
------- |
|
Carrying amount |
|
|
|
|
At 31 March 2025 |
– |
– |
– |
|
---- |
------- |
------- |
|
At 31 March 2024 |
– |
– |
– |
|
---- |
------- |
------- |
|
|
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
596,809 |
627,007 |
|
Other debtors |
8,332 |
10,249 |
|
--------- |
--------- |
|
605,141 |
637,256 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
35,038 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
614,537 |
561,872 |
|
Corporation tax |
11,084 |
19,419 |
|
Social security and other taxes |
16,990 |
6,586 |
|
Other creditors |
14,458 |
23,840 |
|
--------- |
--------- |
|
692,107 |
611,717 |
|
--------- |
--------- |
|
|
|
8.
Contingencies
The company has a contingent liability at the year end regarding a potential cost claim and the expected amount to be paid in in the region of £1,808 (2024: £120,000), the amount has not been provided in the financial statements at 31 March 2025. The amount paid after the year end total £1,808 (2024 : £104,721). The company also have a further contingent liability at the year end regarding a potential cost claim totalling £21,810 at the year end, the amounts has not been provided in the financial statement at 31 March 2025 as this is currently being disputed.
9.
Summary audit opinion
The auditor's report dated
8 July 2026
was
unqualified
.
The senior statutory auditor was
Mark Richardson
, for and on behalf of
Moore Kingston Smith LLP
.
10.
Related party transactions
The following amounts were invoiced to
DSRC (UK) Limited
by group companies.
|
Data Software Research Co. Pvt. Ltd |
2,899,373 |
3,039,510 |
|
|
|
|
The amounts owed at 31 March 2025 were as follows:-
|
Data Software Research Co. Pvt. Ltd |
614,476 |
561,811 |
|
|
|
|
11.
Controlling party
The immediate parent company of DSRC (UK) Limited is Beechwood Computing Limited a company registered in the USA. The director believes that the ultimate holding organisation is
Data Software Research Co. (International) Pvt. Ltd a company registered in India,
the registered office address being No.6, Smith Road, Chennai - 600002, India.