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REGISTERED NUMBER: 07327357 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Efficacious Limited

Efficacious Limited (Registered number: 07327357)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Efficacious Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: L D Sheppard





SECRETARY: Mrs K D Sheppard





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: Irvin House
Icknield Way
Letchworth
Hertfordshire
SG6 1EF





REGISTERED NUMBER: 07327357 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Efficacious Limited (Registered number: 07327357)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 975 -
Investments 5 30 30
1,005 30

CURRENT ASSETS
Debtors 6 38,769 55,472
Cash at bank 10,000 12,700
48,769 68,172
CREDITORS
Amounts falling due within one year 7 24,247 32,251
NET CURRENT ASSETS 24,522 35,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,527

35,951

CREDITORS
Amounts falling due after more than one
year

8

(2,500

)

(5,500

)

PROVISIONS FOR LIABILITIES (244 ) -
NET ASSETS 22,783 30,451

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 22,683 30,351
SHAREHOLDERS' FUNDS 22,783 30,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Efficacious Limited (Registered number: 07327357)

Balance Sheet - continued
31 July 2024


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 27 January 2025 and were signed by:





L D Sheppard - Director


Efficacious Limited (Registered number: 07327357)

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

1. STATUTORY INFORMATION

Efficacious 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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 NIL (2023 - NIL).

Efficacious Limited (Registered number: 07327357)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 2,400
Additions 1,199
Disposals (400 )
At 31 July 2024 3,199
DEPRECIATION
At 1 August 2023 2,400
Charge for year 224
Eliminated on disposal (400 )
At 31 July 2024 2,224
NET BOOK VALUE
At 31 July 2024 975

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 August 2023
and 31 July 2024 30
NET BOOK VALUE
At 31 July 2024 30
At 31 July 2023 30

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 15,600 42,480
Other debtors 5,867 1,992
Directors' loan accounts 17,302 11,000
38,769 55,472

Efficacious Limited (Registered number: 07327357)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 3,000 3,000
Tax 11,719 16,240
Social security and other taxes 7,352 11,184
Accrued expenses 2,176 1,827
24,247 32,251

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 2,500 5,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bounce Back Loan 5,500 8,500

In the year to 31 July 2020 the company took out a bounce back loan for the sum of £15,000. The loan is a government backed loan in light of the Covid 19 pandemic. The loan is repayable by instalments, the first payment was made in May 2021. Interest is charged at the rate of 2.5% per annum.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
L D Sheppard
Balance outstanding at start of year 11,000 20,389
Amounts advanced 17,302 11,000
Amounts repaid (11,000 ) (20,389 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,302 11,000