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REGISTERED NUMBER: 09195622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

EF Engineering Limited

EF Engineering Limited (Registered number: 09195622)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EF Engineering Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J E Knight
Mr S McKevitt





REGISTERED OFFICE: The Granary
Moat Farm
Collier Street
Marden
Kent
TN12 9RR





REGISTERED NUMBER: 09195622 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
F39 Innovation Centre Medway
Chatham
Kent
ME5 9FD

EF Engineering Limited (Registered number: 09195622)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 36,106 25,889

CURRENT ASSETS
Stocks 19,550 23,550
Debtors 5 258,692 53,619
Cash at bank and in hand 155,286 29,933
433,528 107,102
CREDITORS
Amounts falling due within one year 6 539,291 282,943
NET CURRENT LIABILITIES (105,763 ) (175,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,657

)

(149,952

)

CREDITORS
Amounts falling due after more than one
year

7

(75,527

)

(141,928

)

PROVISIONS FOR LIABILITIES (153 ) (984 )
NET LIABILITIES (145,337 ) (292,864 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (145,437 ) (292,964 )
(145,337 ) (292,864 )

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

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

The directors acknowledge their 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.

EF Engineering Limited (Registered number: 09195622)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mr J E Knight - Director


EF Engineering Limited (Registered number: 09195622)

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

1. STATUTORY INFORMATION

EF Engineering 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 (£).


The financial statements relate to the individual entity only.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts. The company recognises income from service contracts when it obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Short leasehold Straight line over the period of the lease
Improvements to property Straight line over the period of the lease
Plant and machinery 15% reducing balance basis
Furniture and fixtures 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Computer equipment 25% on cost

At each Statement of Financial Position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.


EF Engineering Limited (Registered number: 09195622)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 taxation 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the Statement of Financial Position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling on the date of the transaction. Exchange rate differences are taken into account in arriving at the operating profit..

Operating lease commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Income Statement as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in Other Creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

EF Engineering Limited (Registered number: 09195622)

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

4. TANGIBLE FIXED ASSETS
Short Improvements Plant and
leasehold to property machinery
£ £ £
COST
At 1 January 2024 10,084 15,300 94,915
Additions 9,089 - 3,736
Disposals (10,084 ) (5,000 ) (400 )
At 31 December 2024 9,089 10,300 98,251
DEPRECIATION
At 1 January 2024 10,084 15,300 72,551
Charge for year 682 - 3,853
Eliminated on disposal (10,084 ) (5,000 ) -
At 31 December 2024 682 10,300 76,404
NET BOOK VALUE
At 31 December 2024 8,407 - 21,847
At 31 December 2023 - - 22,364

Furniture
and Computer
fixtures equipment Totals
£ £ £
COST
At 1 January 2024 5,912 15,913 142,124
Additions - 5,000 17,825
Disposals - - (15,484 )
At 31 December 2024 5,912 20,913 144,465
DEPRECIATION
At 1 January 2024 4,226 14,074 116,235
Charge for year 227 2,446 7,208
Eliminated on disposal - - (15,084 )
At 31 December 2024 4,453 16,520 108,359
NET BOOK VALUE
At 31 December 2024 1,459 4,393 36,106
At 31 December 2023 1,686 1,839 25,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 230,142 13,479
Other debtors 28,550 40,140
258,692 53,619

EF Engineering Limited (Registered number: 09195622)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Bank loans and overdrafts 45,960 40,225
Trade creditors 129,117 93,119
Taxation and social security 133,260 60,036
Other creditors 230,954 89,563
539,291 282,943

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Bank loans 61,890 98,291
Other creditors 13,637 43,637
75,527 141,928

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£ £
Within one year 77,602 41,658
Between one and five years 260,866 30,409
In more than five years 1,901 9,503
340,369 81,570