06469373falseemployment agency2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2022-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06469373

EKA Finance Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

EKA Finance Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
T.Kaul
H.Chakravorty
REGISTERED OFFICE
175 Cole Valley Road
Flaxley Road
Birmingham
B28 0DG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06469373
ACCOUNTANTS
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

EKA Finance Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

EKA Finance Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets315,31117,250
Investment Assets41,057,931110,729
1,073,242127,979
CURRENT ASSETS
Debtors574,252110,456
Cash at bank and in hand201,590862,290
275,842972,746
CREDITORS: Amounts falling due within one year668,43066,129
NET CURRENT ASSETS207,412906,617
TOTAL ASSETS LESS CURRENT LIABILITIES1,280,6541,034,596
PROVISIONS FOR LIABILITIES AND CHARGES717,7993,278
NET ASSETS1,262,8551,031,318
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,262,7551,031,218
SHAREHOLDERS' FUNDS1,262,8551,031,318
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/07/2024 and signed on their behalf by
.............................
T.Kaul
Director

EKA Finance Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

EKA Finance Limited

3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/01/202312,00283,42595,427
Additions3,576-3,576
Disposals(1,424)-(1,424)
At 31/12/202314,15483,42597,579
Depreciation
At 01/01/20239,61068,56778,177
Disposals(1,014)-(1,014)
For the year1,3903,7155,105
At 31/12/20239,98672,28282,268
Net Book Amounts
At 31/12/20234,16811,14315,311
At 31/12/20222,39214,85817,250
4. FINANCIAL ASSETS
Listed
InvestmentsTotal
££
Cost
At 01/01/2023110,820110,820
Additions1,748,2421,748,242
Disposals(857,815)(857,815)
Revaluation56,68456,684
At 31/12/20231,057,9311,057,931
Amortisation
At 01/01/20239191
Disposals(91)(91)
Net Book Amounts
At 31/12/20231,057,9311,057,931
At 31/12/2022110,729110,729

EKA Finance Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-35,100
Corporation tax recoverable re directors loan18,60218,602
PAYE control6,4634,788
Directors current account49,18751,966
74,252110,456
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax60,10258,458
VAT6,2285,671
Accruals2,1002,000
68,43066,129
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation17,7993,278
17,7993,278
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100