1 Corporate Information
RS Software has focused exclusively on providing software solution to electronic payment industries since its inception. The company is
engaged in development, testing and maintenance of software for its clients based in different geographies. The company operates in US
and India.
The Financial Statement are approved for issue by the company's Board of Directors on May 07,2026.
2
a. Material Accounting Policies
These financial statements are prepared in accordance with Indian Accounting Standard (Ins AS), under the historical cost convention
on the actual basis except for the certain financial instruments which are measured at fair values at the end of each reporting period the
provisions of the companies Act,2013 ('the Act') (to the extent notified) 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 relevant amendment rules issued there after.
Accounting Policies have been consistently applied except where a newly issued accounting standrad is initially adopted or a revision
to an existing accounting standard requires a change in the accouting policiey hitherto in use.The Material accounting Policy information
used in preparation of these Financial Statements have been disclosed hereunder and/or in the Notes to accounts read together with
annexures therein.
As the quarter and the year figures are taken from the source and rounded to the nearest digits, the figures for the previous quarters might
not always add up to the year figures reported in this statement.
b Use of Estimates & Judgements
The preparation of these financial statements in conformity with the recognition and measurement principles of Ind AS requires the
management of the Company to make estimates and assumptions that affect the reported balances of assets and liabilities, disclosures
relating to contingent liabilities as at the date of the financial statements and the reported amounts of income and expense for the periods
presented.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period
in which the estimates are revised and future periods are affected.
Key source of estimation of uncertainty at the date of the financial statements, which may cause a material adjustment to the carrying
amounts of assets and liabilities within the next financial year, is in respect of impairment of goodwill, impairment of investments, useful
lives of property, plant and equipment, valuation of deferred tax assets and provisions and contingent liabilities.Key estimates are critical
accounting estimates.
c Critical Accounting Estimates:
i) Useful lives of property, plant and equipment
The Company reviews the useful life of property, plant and equipment at the end of each reporting period. This reassessment may result in
change in depreciation expense in future periods.
ii) Valuation of deferred tax assets
The Company reviews the carrying amount of deferred tax assets at the end of each reporting period. The policy for the same has been
explained under Note 2(M).
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