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REGISTERED NUMBER: 13488494 (England and Wales)















Efs Systems (Holdings) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Efs Systems (Holdings) Limited (Registered number: 13488494)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Efs Systems (Holdings) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R Hadley





REGISTERED OFFICE: Unit 31 (8) Pant Industrial Estate
Dowlais
Merthyr Tydfil
Mid Glamorgan
CF48 2SR





REGISTERED NUMBER: 13488494 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Efs Systems (Holdings) Limited (Registered number: 13488494)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 1
Investment property 5 228,391 228,391
228,393 228,392

CURRENT ASSETS
Debtors 6 170,425 1,542
Cash at bank 1,924,380 819,514
2,094,805 821,056
CREDITORS
Amounts falling due within one year 7 1,399,605 596,274
NET CURRENT ASSETS 695,200 224,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,593

453,174

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 923,592 453,173
923,593 453,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 2 July 2024 and were signed by:





R Hadley - Director


Efs Systems (Holdings) Limited (Registered number: 13488494)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Efs Systems (Holdings) 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Efs Systems (Holdings) Limited (Registered number: 13488494)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 1
Additions 1
At 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 228,391
NET BOOK VALUE
At 31 March 2024 228,391
At 31 March 2023 228,391

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 170,425 -
Other debtors - 1,542
170,425 1,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 1,396,261 595,524
Taxation and social security 2,279 -
Other creditors 1,065 750
1,399,605 596,274

8. RELATED PARTY DISCLOSURES

At the reporting date, the reporting entity was owed £170,425 (2023: £nil) by JP & RH Holdings Ltd, a company of which Mr R Hadley is a member of the key management personnel.