Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-3021false2023-06-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13425633 2023-06-01 2024-11-30 13425633 2022-06-01 2023-05-31 13425633 2024-11-30 13425633 2023-05-31 13425633 c:Director1 2023-06-01 2024-11-30 13425633 d:ComputerEquipment 2023-06-01 2024-11-30 13425633 d:ComputerEquipment 2024-11-30 13425633 d:ComputerEquipment 2023-05-31 13425633 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-11-30 13425633 d:CurrentFinancialInstruments 2024-11-30 13425633 d:CurrentFinancialInstruments 2023-05-31 13425633 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 13425633 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13425633 d:ShareCapital 2024-11-30 13425633 d:ShareCapital 2023-05-31 13425633 d:RetainedEarningsAccumulatedLosses 2024-11-30 13425633 d:RetainedEarningsAccumulatedLosses 2023-05-31 13425633 c:OrdinaryShareClass1 2023-06-01 2024-11-30 13425633 c:OrdinaryShareClass1 2024-11-30 13425633 c:OrdinaryShareClass1 2023-05-31 13425633 c:FRS102 2023-06-01 2024-11-30 13425633 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-11-30 13425633 c:FullAccounts 2023-06-01 2024-11-30 13425633 c:PrivateLimitedCompanyLtd 2023-06-01 2024-11-30 13425633 e:PoundSterling 2023-06-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13425633









EFFICIENCY UPS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

 
EFFICIENCY UPS LTD
REGISTERED NUMBER: 13425633

BALANCE SHEET
AS AT 30 NOVEMBER 2024

30 November
31 May
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
334
-

  
334
-

Current assets
  

Debtors: amounts falling due within one year
 5 
212
4,829

Cash at bank and in hand
  
284
18,627

Creditors: amounts falling due within one year
 6 
(19,901)
(25,205)

Net current liabilities
  
 
 
(19,405)
 
 
(1,749)

Total assets less current liabilities
  
(19,071)
(1,749)

  

Net liabilities
  
(19,071)
(1,749)


Capital and reserves
  

Called up share capital 
  
200
100

Profit and loss account
  
(19,271)
(1,849)

  
(19,071)
(1,749)

Page 1

 
EFFICIENCY UPS LTD
REGISTERED NUMBER: 13425633

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2025.




................................................
J J Molyneux
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
EFFICIENCY UPS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

Efficiency Ups Ltd is a limited company incorporated in England and Wales, with a company registration number of 13425633. The address of its registered office is 54 Croft Road, Godalming, England, GU7 1DD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements with the support of the directors' loan
accounts. In the opinion of the directors, this support will continue to be available and adequate for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial
statements on the going concern basis. The financial statements do not include any adjustments that
would result from a withdrawal of the directors' support.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

Page 3

 
EFFICIENCY UPS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

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 recognised 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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
EFFICIENCY UPS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 1).

Page 5

 
EFFICIENCY UPS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


Additions
632



At 30 November 2024

632



Depreciation


Charge for the period on owned assets
298



At 30 November 2024

298



Net book value



At 30 November 2024
334



At 31 May 2023
-

Page 6

 
EFFICIENCY UPS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

5.


Debtors

30 November
31 May
2024
2023
£
£


Other debtors
156
29

Prepayments and accrued income
56
4,800

212
4,829



6.


Creditors: Amounts falling due within one year

30 November
31 May
2024
2023
£
£

Other creditors
17,701
23,825

Accruals and deferred income
2,200
1,380

19,901
25,205



7.


Share capital

30 November
31 May
2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 100) Ordinary shares shares of £1.00 each
200
100





8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £298 (2023 - £Nil). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date. 


9.


Related party transactions

At 30 November 2024, the company owed £17,620 (2023 - £8,825) to the directors. The loan is interest free and payable on demand.


Page 7