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Company Registration No. 14717251 (England and Wales)
Ekiva Limited Unaudited accounts for the period from 8 March 2023 to 31 December 2023
Ekiva Limited Unaudited accounts Contents
Page
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Ekiva Limited Company Information for the period from 8 March 2023 to 31 December 2023
Director
Laxman Karnam
Company Number
14717251 (England and Wales)
Registered Office
Blays House Wick Road Englefield Green Egham TW20 0HJ United Kingdom
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Ekiva Limited Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
832 
Current assets
Inventories
542,970 
Debtors
2,327,200 
Cash at bank and in hand
3,279,800 
6,149,970 
Creditors: amounts falling due within one year
(56,624)
Net current assets
6,093,346 
Net assets
6,094,178 
Capital and reserves
Called up share capital
412,275 
Share premium
6,200,517 
Profit and loss account
(518,614)
Shareholders' funds
6,094,178 
For the period ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 February 2025 and were signed on its behalf by
Laxman Karnam Director Company Registration No. 14717251
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Ekiva Limited Notes to the Accounts for the period from 8 March 2023 to 31 December 2023
1
Statutory information
Ekiva Limited is a private company, limited by shares, registered in England and Wales, registration number 14717251. The registered office and principal place of business is Blays House, Wick Road, Englefield Green, Egham, TW20 0HJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Ekiva Limited Notes to the Accounts for the period from 8 March 2023 to 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 8 March 2023
- 
Additions
832 
At 31 December 2023
832 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
832 
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
2,327,200 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
(1,700)
Trade creditors
40,727 
Taxes and social security
15,721 
Other creditors
1,876 
56,624 
7
Average number of employees
During the period the average number of employees was 5.
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