A. Significant Accounting Policies:
These financial statements are prepared in accordance with Indian Accounting Standards (“Ind AS”), the provisions of the Companies
Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind
AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and
Companies (Indian Accounting Standards) Amendment Rules, 2016. Accounting policies have been applied consistently to all
periods presented in these financial statements.
1. Basis of Accounting and Preparation of Financial Statements:
These standalone financial statements have been prepared on a historical cost basis except for certain financial instruments and
defined benefit plans which are measured at fair value or amortized cost at the end of each reporting period. Historical cost is generally
based on the fair value of the consideration given in exchange for goods and services. Fair value is the price that would be received to
sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. All assets and
liabilities have been classified as current and non-current as per the Company's normal operating cycle. Based on the nature of
services rendered to customers and time elapsed between deployment of resources and realization in cash and cash equivalents of
the consideration for such services rendered, the Company has considered an operating cycle of 12 months. The statement of cash
flows has been prepared under indirect method, whereby profit or loss is adjusted for the effects of transactions of a non-cash nature,
any deferrals or accruals of past or future operating cash receipts or payments and items of income or expense associated with
investing or financing cash flows. The cash flows from operating, investing, and financing activities of the Company are segregated.
The Company considers all highly liquid investments that are readily convertible to known amounts of cash and are subject to an in
significant risk of changes in value to be cash equivalents. The significant accounting policies used in preparation of the standalone
financial statements have been discussed in the respective notes.
The financial statements correspond to the classification provisions contained in Ind AS 115, “Presentation of Financial Statements”.
For clarity, various items are aggregated in the statements of profit and loss and balance sheet. These items are disaggregated
separately in the notes to the financial statements, where applicable.
All amounts included in the financial statements are reported in Indian rupees except share and per share data, unless otherwise
stated. Due to rounding off, the numbers presented throughout the document may not add up precisely to the totals and percentages
may not precisely reflect the absolute figures. Previous year figures have been regrouped/re-arranged, wherever necessary.
a. The standalone financial statements have been prepared under the historical cost conversion and in accordance with the
Accounting Standards issued by the Institute of Chartered Accountants of India and relevant, presentational requirements of the
Companies Act, 2013 except for certain financial instruments and defined benefit plans which are measured at fair value or
amortized cost at the end of each reporting period. Historical cost is generally based on the fair value of the consideration given in
exchange for goods and services.
b. Accounting policies not specifically referred to are consistent and in consonance with Generally Accepted Accounting Principles
followed by the Company. The company has prepared these financial statements to comply in all material respects with the
Companies (Accounts) Rules 2014 and the relevant provisions of the Companies Act, 2013.
c. The Preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires
management to make estimates and losses on going software projects, disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates are
made for expected contract cost to be incurred to complete software development and the useful life of fixed assets. Actual could
differ from these estimates.
2. Use of estimates and judgements:
The preparation of the standalone financial statements in conformity with the recognition and measurement principles of Ind-AS
requires management of the Company to make estimates and judgements that affect the reported balances of assets and liabilities,
disclosures of contingent liabilities as at the date of the standalone financial statements and the reported amounts of income and
expense for the periods presented. Estimates and underlying assumptions are reviewed on all ongoing basis. Revisions to accounting
estimates are recognized in the period in which the estimates are revised, and future periods are affected. The Company uses the
following critical accounting estimates in preparation of its standalone financial statements.
3. Revenue Recognition:
The Company derived its revenues primarily from software services, educational software in the form of e-content and software
products.
Revenue for fixed-price contract is recognized using percentage-of completion method. The Company uses judgement to estimate
the future cost-to-completion of the contracts which is used to determine degree of completion of the performance obligation.
Revenue from time and material contract is recognized on the basis of software developed and billed in accordance with the terms of
the contract, under the percentage of completion method.
4. Segments :
The Company is engaged primarily in the business of Software Development IT/ITES (E-education/Healthcare) and accordingly there
are no separate reportable segments as per Accounting Standard - AS 17 - Segment Reporting issued by ICAI.
5. Foreign Currency Transactions :
The Company has earned a Foreign Exchange of Rs. Nil (Previous Year - Rs. Nil) during the year. The Company has incurred an
expenditure of Rs. Nil (Previous Year - Rs. Nil)
6. Audit Fees for the year is Rs. 125,000 and Previous year Rs. 125,000.
7. Earnings per Share :
Basic and Diluted Earnings per share is calculated by dividing the net profit attributable to the ordinary shareholders by the weighted
average number of ordinary shares outstanding during the year and shown in the Profit and loss account. The company has no
potentially dilutive equity shares
8. Related Party' Disclosures as per Accounting Standard 18 :
1. Nature of related party and its relationship: There are no related party transactions during the year.
2. Nature and Volume of transactions carried out with the above related parties in the ordinary course of business for the year ended
31st March 2025.
9. Provision for Income tax and Deferred tax assets:
Taxation is accounted on the basis of the Liability Method which is generally followed in India. Provision is made for income tax based
on computations after considering rebates, relief(s) and exemptions under the Income Tax Act, 1961.
The Company uses estimates and judgements based on the relevant rulings in the areas of allocation of revenue, costs, allowances
and disallowances which is exercised while determining the provision for income tax. A deferred tax asset is recognized to the extent
that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be
utilized. Accordingly, the Company exercises its judgement to reassess the carrying amount of deferred tax assets at the end of each
reporting period.
1. The Provident Fund and Superannuation Schemes are defined contribution plans for which contribution accruing each year as
per the scheme is expensed as applicable.
2. Retirement Benefits :
The Company has not provided for gratuity amount. It will be paid and accounted as and when the liability arises.
Salaries and all allowances include amount paid to employees.
B. Impact of COVID-19 (pandemic):
The Company has taken into account all the possible impacts of COVID-19 in preparation of these standalone financial statements,
including but not limited to its assessment of, liquidity and going concern assumption, recoverable values of its financial and non¬
financial assets, impact on revenue recognition owing to changes in cost budgets of fixed price contracts, impact on leases and
impact on effectiveness of its hedges. The Company has carried out this assessment based on available internal and external
sources of information up to the date of approval of these standalone financial statements and believes that the impact of COVID-19 is
not material to these financial statements and expects to recover the carrying amount of its assets. The impact of COVlD-19 on the
standalone financial statements may differ from that estimated as at the date of approval of these standalone financial statements
owing to the nature and duration of COVID-19.
10. Quantitative details :
The company is engaged in the business of development of Software and Software Products which includes E-education content.
The production and sale of Software is not capable of being expressed in any generic unit. Hence it is not possible to give the
quantitative details of such sale and the information required under the relevant provisions of the Companies Act, 2013.
11. Fixed Assets and Depreciation :
Fixed Assets are stated at cost after providing the depreciation in the Hardware & Software and other fixed assets.
Depreciation has been provided on WDV Basis.
12. Investments:
Investments that are readily realizable and intended to be held for not more than a year from the date of acquisition are classified as
current investments. All other investments are classified as non-current investments. Non-current investments are carried at cost
less, any other temporary diminution in value, determined separately for each individual investment. The reduction in carrying amount
is reversed when there is arise in the value of the investment or if the reason for the reduction no longer exists. Current investments
are carried at the owner of the cost and fair value
13. Cash and Cash equivalents:
The Company considers all highly liquid financial instruments, which are readily convertible into known amounts of cash that are
subject to an insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to
be cash equivalents. Cash and cash equivalents consist of balances with banks which are unrestricted for withdrawal and usage.
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