Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 6 May 2025 1 April 2024 31 March 2025 31 March 2025 01778040 Mr M Fernando Mr E Rosen Mr W Wilkening true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01778040 2024-03-31 01778040 2025-03-31 01778040 2024-04-01 2025-03-31 01778040 frs-core:CurrentFinancialInstruments 2025-03-31 01778040 frs-core:Non-currentFinancialInstruments 2025-03-31 01778040 frs-core:BetweenOneFiveYears 2025-03-31 01778040 frs-core:ComputerEquipment 2025-03-31 01778040 frs-core:ComputerEquipment 2024-04-01 2025-03-31 01778040 frs-core:ComputerEquipment 2024-03-31 01778040 frs-core:FurnitureFittings 2025-03-31 01778040 frs-core:FurnitureFittings 2024-04-01 2025-03-31 01778040 frs-core:FurnitureFittings 2024-03-31 01778040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 01778040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01778040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01778040 frs-core:MotorVehicles 2025-03-31 01778040 frs-core:MotorVehicles 2024-04-01 2025-03-31 01778040 frs-core:MotorVehicles 2024-03-31 01778040 frs-core:PlantMachinery 2025-03-31 01778040 frs-core:PlantMachinery 2024-04-01 2025-03-31 01778040 frs-core:PlantMachinery 2024-03-31 01778040 frs-core:WithinOneYear 2025-03-31 01778040 frs-core:ShareCapital 2025-03-31 01778040 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01778040 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01778040 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01778040 frs-bus:SmallEntities 2024-04-01 2025-03-31 01778040 frs-bus:Audited 2024-04-01 2025-03-31 01778040 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01778040 1 2024-04-01 2025-03-31 01778040 frs-core:UnlistedNon-exchangeTraded 2025-03-31 01778040 frs-core:UnlistedNon-exchangeTraded 2024-03-31 01778040 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 01778040 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 01778040 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 01778040 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 01778040 frs-bus:Director1 2024-04-01 2025-03-31 01778040 frs-bus:Director2 2024-04-01 2025-03-31 01778040 frs-bus:Director3 2024-04-01 2025-03-31 01778040 frs-countries:EnglandWales 2024-04-01 2025-03-31 01778040 2023-03-31 01778040 2024-03-31 01778040 2023-04-01 2024-03-31 01778040 frs-core:CurrentFinancialInstruments 2024-03-31 01778040 frs-core:Non-currentFinancialInstruments 2024-03-31 01778040 frs-core:BetweenOneFiveYears 2024-03-31 01778040 frs-core:MotorVehicles 2023-04-01 2024-03-31 01778040 frs-core:WithinOneYear 2024-03-31 01778040 frs-core:ShareCapital 2024-03-31 01778040 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 01778040
EFL Global UK (PVT) Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—8
Page 1
Statement of Financial Position
Registered number: 01778040
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 993,306 1,058,157
Investments 5 1 1
993,307 1,058,158
CURRENT ASSETS
Debtors 6 6,485,872 1,873,404
Cash at bank and in hand 1,179,611 361,675
7,665,483 2,235,079
Creditors: Amounts Falling Due Within One Year 7 (10,278,267 ) (4,566,327 )
NET CURRENT ASSETS (LIABILITIES) (2,612,784 ) (2,331,248 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,619,477 ) (1,273,090 )
Creditors: Amounts Falling Due After More Than One Year 8 - (10,407 )
NET LIABILITIES (1,619,477 ) (1,283,497 )
CAPITAL AND RESERVES
Called up share capital 9 4,000 4,000
Income Statement (1,623,477 ) (1,287,497 )
SHAREHOLDERS' FUNDS (1,619,477) (1,283,497)
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr M Fernando
Director
6 May 2025
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
EFL Global UK (PVT) Ltd registered number 01778040 is a limited by shares company incorporated in England & Wales. The Registered Office is Kingfisher House, 19 Springfield Lyons Approach, Chelmsford Business Park, Chelmsford, Essex, CM2 5LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors acknowledge a net deficit in shareholders funds and have a reasonable expectation that the company has adequate resources and support from its parent company to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line Basis
Plant & Machinery 25% Reducing Balance Basis
Motor Vehicles Over the term of the lease
Fixtures & Fittings 25% Reducing Balance Basis
Computer Equipment 25% Straight Line Basis
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 16)
30 16
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 787,477 346,853 21,503 208,377
Additions - 61,252 - 380
Disposals - - (21,503 ) -
As at 31 March 2025 787,477 408,105 - 208,757
...CONTINUED
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Depreciation
As at 1 April 2024 123,962 48,049 6,212 130,209
Provided during the period 9,456 81,381 4,301 19,568
Disposals - - (10,513 ) -
As at 31 March 2025 133,418 129,430 - 149,777
Net Book Value
As at 31 March 2025 654,059 278,675 - 58,980
As at 1 April 2024 663,515 298,804 15,291 78,168
Computer Equipment Total
£ £
Cost
As at 1 April 2024 70,374 1,434,584
Additions - 61,632
Disposals - (21,503 )
As at 31 March 2025 70,374 1,474,713
Depreciation
As at 1 April 2024 67,995 376,427
Provided during the period 787 115,493
Disposals - (10,513 )
As at 31 March 2025 68,782 481,407
Net Book Value
As at 31 March 2025 1,592 993,306
As at 1 April 2024 2,379 1,058,157
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles - 15,291
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5. Investments
Unlisted
£
Cost
As at 1 April 2024 1
As at 31 March 2025 1
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,701,830 664,823
Prepayments and accrued income 164,963 101,059
Other debtors 12,989 7,800
Corporation tax recoverable assets 57,906 57,906
Amounts owed by group undertakings 693,015 286,647
5,630,703 1,118,235
Due after more than one year
Other debtors 855,169 755,169
6,485,872 1,873,404
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 5,732
Trade creditors 1,399,444 667,273
Other taxes and social security 52,672 44,187
VAT 148,117 141,354
Accruals and deferred income 399,264 177,116
Amounts owed to group undertakings 8,278,770 3,530,665
10,278,267 4,566,327
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 10,407
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4,000 4,000
10. Contingent Liabilities
The Company has provided a guarantee in favour of HSBC UK Bank Plc, secured by a fixed and floating charge over all of its assets, both present and future. This guarantee creates a potential liability that would crystallise only in the event of the Company’s default under the terms of the underlying obligation. As at the balance sheet date, no events of default have occurred, and no liabilities are expected to arise under this guarantee.
11. Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
2025 2024
£ £
Not later than one year 646,287 359,054
Later than one year and not later than five years 1,433,943 2,019,030
2,080,230 2,378,084
12. Related Party Transactions
The company has taken advantage of the exemption within FRS 102 Section 1A from the requirement to disclose transactions with wholly owned group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.
13. Ultimate Controlling Party
The company is a wholly owned subsidiary of EFL Global Logistics (PTE.) Ltd, a company incorporated in Singapore.
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14. Audit Information
The auditor's report on the accounts of EFL Global UK (PVT) Ltd for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by S P Martin (Senior Statutory Auditor) for and on behalf of Edmund Carr LLP , Statutory Auditor.
Edmund Carr LLP
Chartered Accountants & Statutory Auditors
146 New London Road
Chelmsford
Essex
CM2 0AW
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