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REGISTERED NUMBER: 04478260 (England and Wales)






E.F.C. Consultancy Limited

Financial Statements

for the Year Ended 31 December 2023






E.F.C. Consultancy Limited (Registered number: 04478260)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.F.C. Consultancy Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mrs E F Burrows





SECRETARY: Mr O J Burrows





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 04478260 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

E.F.C. Consultancy Limited (Registered number: 04478260)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 30,726
Investments 5 2,927,700 2,927,700
2,927,700 2,958,426

CURRENT ASSETS
Debtors 6 65,127 424,957
Cash at bank 261,202 54,038
326,329 478,995
CREDITORS
Amounts falling due within one year 7 31,779 102,258
NET CURRENT ASSETS 294,550 376,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,222,250

3,335,163

E.F.C. Consultancy Limited (Registered number: 04478260)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,222,150 3,335,063
SHAREHOLDER FUNDS 3,222,250 3,335,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





Mrs E F Burrows - Director


E.F.C. Consultancy Limited (Registered number: 04478260)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

E.F.C. Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Fixed assets are initially recorded at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

E.F.C. Consultancy Limited (Registered number: 04478260)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments in associate undertakings
Investments in associate undertakings are initially recorded at cost with consideration taken for any diminution in value which is expected to be permanent.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 January 2023 9,755 55,834 9,067 74,656
Disposals (9,755 ) (55,834 ) (9,067 ) (74,656 )
At 31 December 2023 - - - -
DEPRECIATION
At 1 January 2023 9,524 27,044 7,362 43,930
Charge for year 55 - 342 397
Eliminated on disposal (9,579 ) (27,044 ) (7,704 ) (44,327 )
At 31 December 2023 - - - -
NET BOOK VALUE
At 31 December 2023 - - - -
At 31 December 2022 231 28,790 1,705 30,726

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 January 2023
and 31 December 2023 2,927,700
NET BOOK VALUE
At 31 December 2023 2,927,700
At 31 December 2022 2,927,700

E.F.C. Consultancy Limited (Registered number: 04478260)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. FIXED ASSET INVESTMENTS - continued

The investment represents a 30% shareholding (300 ordinary shares) in Impex Parts Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 894
Amounts owed by participating interests 65,127 397,279
Other debtors - 7,805
Tax - 18,924
Prepayments and accrued income - 55
65,127 424,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 34,167
Social security and other taxes 2,928 2,928
VAT 25,520 28,654
Director's current account 518 29,709
Accruals and deferred income 2,813 6,800
31,779 102,258

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
Mrs E F Burrows
Balance outstanding at start of year - 42,211
Amounts repaid - (42,211 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -