EDFX Limited - Filleted accounts

Registered number

04681725

EDFX Limited

Filleted Accounts

31 October 2024

EDFX Limited
Registered number:		04681725
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		279			371

Current assets
Debtors	4	13,668			9,133
Cash at bank and in hand		39,745			29,524
		53,413			38,657

Creditors: amounts falling due within one year	5	(47,138)			(30,004)

Net current assets			6,275			8,653

Total assets less current liabilities			6,554			9,024

Creditors: amounts falling due after more than one year	6		(5,250)			(7,588)



Net assets			1,304			1,436

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			304			436

Shareholder's funds			1,304			1,436

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.




Edward Plant
Director
Approved by the board on 30 October 2025

EDFX Limited
Notes to the Accounts
for the year ended 31 October 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	25% Reducing Balance

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2023				10,102
	At 31 October 2024				10,102

	Depreciation
	At 1 November 2023				9,731
	Charge for the year				92
	At 31 October 2024				9,823

	Net book value
	At 31 October 2024				279
	At 31 October 2023				371


4	Debtors		2024		2023
£				£

	Trade debtors		7,290		1,512
	Director's loan		6,378		7,621
			13,668		9,133


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		46,021		29,251
	Other creditors		1,117		753
			47,138		30,004


6	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		5,250		7,588


7	Controlling party

	The Director, Edward Plant, controls the company by virtue of his shareholding and Directorship.


8	Other information

	EDFX Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Birchin Court
	20 Birchin Lane
	London
	EC3V 9DU