Company Registration No. 08069182 (England and Wales)
Eligarf Technologies (UK) Limited
Unaudited accounts
for the year ended 31 March 2025
Eligarf Technologies (UK) Limited
Unaudited accounts
Contents
Eligarf Technologies (UK) Limited
Company Information
for the year ended 31 March 2025
Directors
Vivek D Desai
Anand Hosabettu
Company Number
08069182 (England and Wales)
Registered Office
Ground Floor
Victor House
Barnet Road, London Colney
St. Albans
Hertfordshire
AL2 1BJ
England
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
Eligarf Technologies (UK) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
31,499
40,567
Cash at bank and in hand
1,060,421
854,095
Creditors: amounts falling due within one year
(727,376)
(345,841)
Net current assets
1,021,075
910,095
Net assets
1,052,574
950,662
Called up share capital
1,000
1,000
Profit and loss account
1,051,574
949,662
Shareholders' funds
1,052,574
950,662
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Vivek D Desai
Director
Company Registration No. 08069182
Eligarf Technologies (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025
Eligarf Technologies (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08069182. The registered office is Ground Floor, Victor House, Barnet Road, London Colney, St. Albans, Hertfordshire, AL2 1BJ, England.
2
Compliance with accounting standards
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:
The 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 have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are measured using the exchange rate when fair value was determined
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue is generated through providing IT consultancy services, and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Eligarf Technologies (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025
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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Tangible fixed assets and depreciation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. 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.
Motor vehicles
25% reducing balance basis
Computer equipment
33% straight line
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
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.
Eligarf Technologies (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
54,090
14,058
68,148
At 31 March 2025
54,090
15,230
69,320
At 1 April 2024
13,523
14,058
27,581
Charge for the year
10,142
98
10,240
At 31 March 2025
23,665
14,156
37,821
At 31 March 2025
30,425
1,074
31,499
At 31 March 2024
40,567
-
40,567
Amounts falling due within one year
Trade debtors
665,581
347,674
Accrued income and prepayments
16,845
19,240
Other debtors
5,604
34,927
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
530,546
228,315
Taxes and social security
45,228
15,838
7
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
17,100
18,000
Later than one year and not later than five years
-
6,050
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).