Company Registration No. 15282712 (England and Wales)
EFTAAPAY LIMITED
Unaudited accounts
for the period from 14 November 2023 to 31 December 2024
EFTAAPAY LIMITED
Unaudited accounts
Contents
EFTAAPAY LIMITED
Company Information
for the period from 14 November 2023 to 31 December 2024
Directors
MR MUHAMMAD ARSLAN
MR KALID ASKAR
MR KARL PETER ELFGREN MONTEIRO
MR FILIPE GRAÇA
MR LARS JÖRGEN STRIDFÄLT
MR NEIL DOUGLAS TOFTS
Company Number
15282712 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
WC2H 9JQ
ENGLAND
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
EFTAAPAY LIMITED
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
110,477
Creditors: amounts falling due within one year
(2,937)
Net current assets
108,872
Called up share capital
111
Profit and loss account
(14,847)
Shareholders' funds
235,003
For the period ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
MR FILIPE GRAÇA
Director
Company Registration No. 15282712
EFTAAPAY LIMITED
Notes to the Accounts
for the period from 14 November 2023 to 31 December 2024
EFTAAPAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 15282712. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
3 years Straight line method
The company has capitalised costs relating to the development of intellectual property during the year, which are recognised as intangible assets in accordance with FRS 102.
No amortisation has been charged on the intellectual property as it is not yet available for use, and management considers that the asset has not yet reached the stage at which it is ready for its intended use. The company will commence amortisation once the asset is brought into use, in line with the expected useful economic life.
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Intangible fixed assets
Other
At 31 December 2024
123,692
At 31 December 2024
123,692
EFTAAPAY LIMITED
Notes to the Accounts
for the period from 14 November 2023 to 31 December 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
Allotted, called up and fully paid:
11,110 Ordinary shares of £0.01 each
111.10
Shares issued during the period:
11,110 Ordinary shares of £0.01 each
111.10
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Average number of employees
During the period the average number of employees was 0.