Registered number
04681725
EDFX Limited
Filleted Accounts
31 October 2023
EDFX Limited
Registered number: 04681725
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 371 494
Current assets
Debtors 4 9,133 23,640
Cash at bank and in hand 29,524 28,519
38,657 52,159
Creditors: amounts falling due within one year 5 (30,004) (39,224)
Net current assets 8,653 12,935
Total assets less current liabilities 9,024 13,429
Creditors: amounts falling due after more than one year 6 (7,588) (10,835)
Net assets 1,436 2,594
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 436 1,594
Shareholder's funds 1,436 2,594
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Edward Plant
Director
Approved by the board on 10 January 2025
EDFX Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 10,102
At 31 October 2023 10,102
Depreciation
At 1 November 2022 9,608
Charge for the year 123
At 31 October 2023 9,731
Net book value
At 31 October 2023 371
At 31 October 2022 494
4 Debtors 2023 2022
£ £
Trade debtors 1,512 2,400
Director's loan 7,621 21,240
9,133 23,640
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 29,251 39,224
Other creditors 753 -
30,004 39,224
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,588 10,835
7 Controlling party
The Director, Edward Plant, controls the company by virtue of his shareholding and Directorship.
8 Other information
EDFX Limited is a private company limited by shares and incorporated in England. Its registered office is:
Birchin Court
20 Birchin Lane
London
EC3V 9DU
EDFX Limited 04681725 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 Edward Plant No description of principal activity 04681725 2021-11-01 2022-10-31 04681725 core:WithinOneYear 2022-10-31 04681725 core:AfterOneYear 2022-10-31 04681725 core:ShareCapital 2022-10-31 04681725 core:RetainedEarningsAccumulatedLosses 2022-10-31 04681725 2022-11-01 2023-10-31 04681725 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04681725 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04681725 bus:Director40 2022-11-01 2023-10-31 04681725 1 2022-11-01 2023-10-31 04681725 2 2022-11-01 2023-10-31 04681725 core:PlantMachinery 2022-11-01 2023-10-31 04681725 countries:England 2022-11-01 2023-10-31 04681725 bus:FRS102 2022-11-01 2023-10-31 04681725 bus:FilletedAccounts 2022-11-01 2023-10-31 04681725 2023-10-31 04681725 core:WithinOneYear 2023-10-31 04681725 core:AfterOneYear 2023-10-31 04681725 core:ShareCapital 2023-10-31 04681725 core:RetainedEarningsAccumulatedLosses 2023-10-31 04681725 core:PlantMachinery 2023-10-31 04681725 2022-10-31 04681725 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure