2024-03-012025-02-282025-02-28false10014296ELIGIBLE LIMITED2025-05-0162012falseiso4217:GBPxbrli:pure100142962024-03-01100142962025-02-28100142962024-03-012025-02-28100142962023-03-01100142962024-02-29100142962023-03-012024-02-2910014296bus:SmallEntities2024-03-012025-02-2810014296bus:AuditExempt-NoAccountantsReport2024-03-012025-02-2810014296bus:AbridgedAccounts2024-03-012025-02-2810014296bus:PrivateLimitedCompanyLtd2024-03-012025-02-2810014296core:WithinOneYear2025-02-2810014296core:AfterOneYear2025-02-2810014296core:WithinOneYear2024-02-2910014296core:AfterOneYear2024-02-2910014296core:ShareCapital2025-02-2810014296core:SharePremium2025-02-2810014296core:RevaluationReserve2025-02-2810014296core:OtherReservesSubtotal2025-02-2810014296core:RetainedEarningsAccumulatedLosses2025-02-2810014296core:ShareCapital2024-02-2910014296core:SharePremium2024-02-2910014296core:RevaluationReserve2024-02-2910014296core:OtherReservesSubtotal2024-02-2910014296core:RetainedEarningsAccumulatedLosses2024-02-2910014296core:LandBuildings2025-02-2810014296core:PlantMachinery2025-02-2810014296core:Vehicles2025-02-2810014296core:FurnitureFittings2025-02-2810014296core:OfficeEquipment2025-02-2810014296core:NetGoodwill2025-02-2810014296core:IntangibleAssetsOtherThanGoodwill2025-02-2810014296core:ListedExchangeTraded2025-02-2810014296core:UnlistedNon-exchangeTraded2025-02-2810014296core:LandBuildings2024-02-2910014296core:PlantMachinery2024-02-2910014296core:Vehicles2024-02-2910014296core:FurnitureFittings2024-02-2910014296core:OfficeEquipment2024-02-2910014296core:NetGoodwill2024-02-2910014296core:IntangibleAssetsOtherThanGoodwill2024-02-2910014296core:ListedExchangeTraded2024-02-2910014296core:UnlistedNon-exchangeTraded2024-02-2910014296core:LandBuildings2024-03-012025-02-2810014296core:PlantMachinery2024-03-012025-02-2810014296core:Vehicles2024-03-012025-02-2810014296core:FurnitureFittings2024-03-012025-02-2810014296core:OfficeEquipment2024-03-012025-02-2810014296core:NetGoodwill2024-03-012025-02-2810014296core:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-2810014296core:ListedExchangeTraded2024-03-012025-02-2810014296core:UnlistedNon-exchangeTraded2024-03-012025-02-2810014296core:MoreThanFiveYears2024-03-012025-02-2810014296core:Non-currentFinancialInstruments2025-02-2810014296core:Non-currentFinancialInstruments2024-02-2910014296dpl:CostSales2024-03-012025-02-2810014296dpl:DistributionCosts2024-03-012025-02-2810014296core:LandBuildings2024-03-012025-02-2810014296core:PlantMachinery2024-03-012025-02-2810014296core:Vehicles2024-03-012025-02-2810014296core:FurnitureFittings2024-03-012025-02-2810014296core:OfficeEquipment2024-03-012025-02-2810014296dpl:AdministrativeExpenses2024-03-012025-02-2810014296core:NetGoodwill2024-03-012025-02-2810014296core:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-2810014296dpl:GroupUndertakings2024-03-012025-02-2810014296dpl:ParticipatingInterests2024-03-012025-02-2810014296dpl:GroupUndertakingscore:ListedExchangeTraded2024-03-012025-02-2810014296core:ListedExchangeTraded2024-03-012025-02-2810014296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-03-012025-02-2810014296core:UnlistedNon-exchangeTraded2024-03-012025-02-2810014296dpl:CostSales2023-03-012024-02-2910014296dpl:DistributionCosts2023-03-012024-02-2910014296core:LandBuildings2023-03-012024-02-2910014296core:PlantMachinery2023-03-012024-02-2910014296core:Vehicles2023-03-012024-02-2910014296core:FurnitureFittings2023-03-012024-02-2910014296core:OfficeEquipment2023-03-012024-02-2910014296dpl:AdministrativeExpenses2023-03-012024-02-2910014296core:NetGoodwill2023-03-012024-02-2910014296core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910014296dpl:GroupUndertakings2023-03-012024-02-2910014296dpl:ParticipatingInterests2023-03-012024-02-2910014296dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910014296core:ListedExchangeTraded2023-03-012024-02-2910014296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910014296core:UnlistedNon-exchangeTraded2023-03-012024-02-2910014296core:NetGoodwill2025-02-2810014296core:IntangibleAssetsOtherThanGoodwill2025-02-2810014296core:LandBuildings2025-02-2810014296core:PlantMachinery2025-02-2810014296core:Vehicles2025-02-2810014296core:FurnitureFittings2025-02-2810014296core:OfficeEquipment2025-02-2810014296core:AfterOneYear2025-02-2810014296core:WithinOneYear2025-02-2810014296core:ListedExchangeTraded2025-02-2810014296core:UnlistedNon-exchangeTraded2025-02-2810014296core:ShareCapital2025-02-2810014296core:SharePremium2025-02-2810014296core:RevaluationReserve2025-02-2810014296core:OtherReservesSubtotal2025-02-2810014296core:RetainedEarningsAccumulatedLosses2025-02-2810014296core:NetGoodwill2024-02-2910014296core:IntangibleAssetsOtherThanGoodwill2024-02-2910014296core:LandBuildings2024-02-2910014296core:PlantMachinery2024-02-2910014296core:Vehicles2024-02-2910014296core:FurnitureFittings2024-02-2910014296core:OfficeEquipment2024-02-2910014296core:AfterOneYear2024-02-2910014296core:WithinOneYear2024-02-2910014296core:ListedExchangeTraded2024-02-2910014296core:UnlistedNon-exchangeTraded2024-02-2910014296core:ShareCapital2024-02-2910014296core:SharePremium2024-02-2910014296core:RevaluationReserve2024-02-2910014296core:OtherReservesSubtotal2024-02-2910014296core:RetainedEarningsAccumulatedLosses2024-02-2910014296core:NetGoodwill2023-03-0110014296core:IntangibleAssetsOtherThanGoodwill2023-03-0110014296core:LandBuildings2023-03-0110014296core:PlantMachinery2023-03-0110014296core:Vehicles2023-03-0110014296core:FurnitureFittings2023-03-0110014296core:OfficeEquipment2023-03-0110014296core:AfterOneYear2023-03-0110014296core:WithinOneYear2023-03-0110014296core:ListedExchangeTraded2023-03-0110014296core:UnlistedNon-exchangeTraded2023-03-0110014296core:ShareCapital2023-03-0110014296core:SharePremium2023-03-0110014296core:RevaluationReserve2023-03-0110014296core:OtherReservesSubtotal2023-03-0110014296core:RetainedEarningsAccumulatedLosses2023-03-0110014296core:AfterOneYear2024-03-012025-02-2810014296core:WithinOneYear2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:CostValuation2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-012025-02-2810014296core:Non-currentFinancialInstrumentscore:CostValuation2025-02-2810014296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-02-2810014296core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2910014296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2910014296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2910014296bus:Director12024-03-012025-02-2810014296bus:Director22024-03-012025-02-2810014296bus:Director32024-03-012025-02-28

ELIGIBLE LIMITED

Registered Number
10014296
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

ELIGIBLE LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

Rameez Zafar
Tviberg, Trond
Zafar Alam

Company Secretary

BEACH SECRETARIES LIMITED

Registered Address

Soho Works, White City 2 Television Centre
101 Wood Lane
London
W12 7FR

Registered Number

10014296 (England and Wales)
ELIGIBLE LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets3701,744808,225
Tangible assets42,1108,353
703,854816,578
Current assets
Debtors5458,438413,338
Cash at bank and on hand255,15784,880
713,595498,218
Creditors amounts falling due within one year6(754,971)(1,093,279)
Net current assets (liabilities)(41,376)(595,061)
Total assets less current liabilities662,478221,517
Creditors amounts falling due after one year7(1,497,721)(251,059)
Net assets(835,243)(29,542)
Capital and reserves
Called up share capital66
Share premium3,264,2203,264,220
Profit and loss account(4,099,469)(3,293,768)
Shareholders' funds(835,243)(29,542)
The financial statements were approved and authorised for issue by the Board of Directors on 1 May 2025, and are signed on its behalf by:
Rameez Zafar
Director
Registered Company No. 10014296
ELIGIBLE LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
At the balance sheet date, the company’s liabilities exceeded its assets by £41,376. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore, continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
The company operates a defined contribution 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 recognized as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses. At each reporting date, the company assesses whether there is any indication of impairment. If such indications exist, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its Value in use. An impairment loss is recognized where the carrying amount exceeds the recoverable amount. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives. Straight Line -10%
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20252024
Average number of employees during the year2021
3.Intangible assets

Total

£
Cost or valuation
At 01 March 241,064,817
At 28 February 251,064,817
Amortisation and impairment
At 01 March 24256,591
Charge for year106,482
At 28 February 25363,073
Net book value
At 28 February 25701,744
At 29 February 24808,225
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2431,701
Additions1,755
At 28 February 2533,456
Depreciation and impairment
At 01 March 2423,348
Charge for year7,998
At 28 February 2531,346
Net book value
At 28 February 252,110
At 29 February 248,353
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables106,333106,524
Other debtors351,585306,814
Prepayments and accrued income520-
Total458,438413,338
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables41,41235,024
Bank borrowings and overdrafts15,874-
Taxation and social security397,908754,585
Other creditors292,527303,670
Accrued liabilities and deferred income7,250-
Total754,9711,093,279
7.Creditors: amounts due after one year

2025

2024

££
Convertible loans924,993-
Other creditors572,728251,059
Total1,497,721251,059
As at 28 February 2025, the Company has an outstanding unsecured convertible loan of £924,993.05. The loan is non-interest-bearing and is not repayable within the next twelve months. It is governed by an agreement dated January 6, 2025, under which it may, at the company's option, either be converted into equity or repaid in cash at maturity.
8.Related party transactions
At the balance sheet date, the following balances were due to the directors Rameez Zafar- £77,676 Zafar Alam - £343,564 Zahra Hassan £151,487