Acorah Software Products - Accounts Production 16.8.200 false true true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 08880672 Mr O Kashperskyi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08880672 2024-02-28 08880672 2025-02-28 08880672 2024-02-29 2025-02-28 08880672 frs-core:CurrentFinancialInstruments 2025-02-28 08880672 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 2025-02-28 08880672 frs-core:OtherResidualIntangibleAssets 2025-02-28 08880672 frs-core:OtherResidualIntangibleAssets 2024-02-29 2025-02-28 08880672 frs-core:OtherResidualIntangibleAssets 2024-02-28 08880672 frs-core:ShareCapital 2025-02-28 08880672 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08880672 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 08880672 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 08880672 frs-bus:SmallEntities 2024-02-29 2025-02-28 08880672 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 08880672 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08880672 frs-bus:Director1 2024-02-29 2025-02-28 08880672 frs-countries:EnglandWales 2024-02-29 2025-02-28 08880672 2023-02-28 08880672 2024-02-28 08880672 2023-03-01 2024-02-28 08880672 frs-core:CurrentFinancialInstruments 2024-02-28 08880672 frs-core:ShareCapital 2024-02-28 08880672 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 08880672
EFS Corporation Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
EFS Corporation Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
EFS Corporation Ltd
Statement of Financial Position
As At 28 February 2025
Statement of Financial Position
Registered number: 08880672

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 2,047 |  | 5,119
|  |  | 2,047 |  | 5,119
CURRENT ASSETS
Stocks | 5 | - |  | 1,736,871 |
Reveivables | 6 | 5,150 |  | 1,580 |
Cash at bank and in hand |  | 19,804 |  | 32,819 |
|  | 24,954 |  | 1,771,270 |
Payables: Amounts Falling Due Within One Year | 7 | (58,695 ) |  | (1,804,474 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (33,741 ) |  | (33,204 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (31,694 ) |  | (28,085 )
NET LIABILITIES |  |  | (31,694 ) |  | (28,085 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Income Statement |  |  | (31,696 ) |  | (28,087 )
SHAREHOLDERS' FUNDS |  |  | (31,694) |  | (28,085)

Page 1
Page 2
EFS Corporation Ltd
Statement of Financial Position (continued)
As At 28 February 2025
For the year ending 28 February 2025 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.
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 O Kashperskyi Director
22/12/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
EFS Corporation Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
EFS Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08880672 . The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.
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.
Thee principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
2.2. Going Concern Disclosure
The directors have considered the company's financial position, liquidity and future performance together with financial projections for the company over the foreseeable future. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual financial statements.
2.3. Turnover
Revenue comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. The company recognises revenue when the company becomes entitled to the revenue.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life of 5 years. Amortisation expenses for the year and last year are included in administrative expenses.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
2.6. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the 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.
Page 3
Page 4
EFS Corporation Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
2.8. 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 years 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 assets reflect 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.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and subject to an insignificant risk of change in value.
2.10. Receivables
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.
2.11. Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.11. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 4
Page 5
EFS Corporation Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 29 February 2024 | 15,359
As at 28 February 2025 | 15,359
Amortisation
As at 29 February 2024 | 10,240
Other | 3,072
As at 28 February 2025 | 13,312
Net Book Value
As at 28 February 2025 | 2,047
As at 29 February 2024 | 5,119

Intangible assets represent development expenditure. It is amortised on a straight-line basis over a period of 5 years and represents the cost of designing products currently being sold by the company.
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | - |  | 1,736,871

6. Reveivables

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 5,150 |  | 1,580

7. Payables: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 1,700,857
Loan payable | - |  | 98,092
Corporation tax | 299 |  | 585
Other creditors | 2,440 |  | 2,440
Accruals and deferred income | 55,956 |  | 2,500
| 58,695 |  | 1,804,474

The loan payable, disclosed as falling due within one year, is unsecured, repayable on demand, and non-interest bearing.
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 5