Registered number
11545597
EFUK Limited
Filleted Accounts
31 December 2024
EFUK Limited
Registered number: 11545597
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,826 8,583
Current assets
Debtors 5 1,171,089 752,539
Cash at bank and in hand 30,198 94,979
1,201,287 847,518
Creditors: amounts falling due within one year 6 (1,090,747) (621,438)
Net current assets 110,540 226,080
Total assets less current liabilities 115,366 234,663
Creditors: amounts falling due after more than one year 7 (209,116) -
Provisions for liabilities (917) (1,631)
Net assets (94,667) 233,032
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (95,667) 232,032
Shareholders' funds (94,667) 233,032
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Catrambone
Director
Approved by the board on 17 April 2025
EFUK Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Amit Prasanna
Firm: Rock Tax & Accounting
Date of audit report: 17 April 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 13
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 15,028
At 31 December 2024 15,028
Depreciation
At 1 January 2024 6,445
Charge for the year 3,757
At 31 December 2024 10,202
Net book value
At 31 December 2024 4,826
At 31 December 2023 8,583
5 Debtors 2024 2023
£ £
Trade debtors 58,956 43,545
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,110,636 707,812
Accrued income 1,182 1,182
Other debtors 315 -
1,171,089 752,539
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 84,523 12,478
Amounts owed to group undertakings and undertakings in which the company has a participating interest 913,457 475,804
VAT 10,050 16,559
Taxation and social security costs 25,722 31,473
Accruals 19,897 33,674
Deferred income 26,064 48,392
Other creditors 11,034 3,058
1,090,747 621,438
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 209,116 -
8 Related party transactions
The company undertook transactions with related parties during the year. All transactions were conducted under normal market conditions. Interest is not charged on outstanding balances. Amounts are included within debtors and creditors falling due within one year and there are no set terms for repayment of any balances.
9 Controlling party
EFUK Limited is a subsidiary of Blend360 NL Holding BV, a company incorporated in the Netherlands whose registered office is Barbara Strozzilaan 101, 1083 HN Amsterdam.
10 Other information
EFUK Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Acquis Limited
The Atrium, Curtis Road
Dorking
Surrey
RH4 1XA
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