REGISTERED NUMBER: 05348126 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

EFRET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Jestin

I R Liddell

SECRETARY:

N K Brooks

REGISTERED OFFICE:

Upminster Court

133 Hall Lane

Upminster

Essex

RM14 1AL

REGISTERED NUMBER:

05348126 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Green LLB FCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Intangible assets

5

1,135

2,270

Tangible assets

6

17,250

30,283

18,385

32,553

CURRENT ASSETS

Debtors

7

2,212,674

1,781,915

Cash at bank

932,367

1,075,980

3,145,041

2,857,895

CREDITORS

Amounts falling due within one year

8

3,025,289

2,568,018

NET CURRENT ASSETS

119,752

289,877

TOTAL ASSETS LESS CURRENT LIABILITIES

138,137

322,430

PROVISIONS FOR LIABILITIES

1,885

4,988

NET ASSETS

136,252

317,442

CAPITAL AND RESERVES

Called up share capital

235,500

235,500

Capital redemption reserve

46,500

46,500

Retained earnings

(145,748

)

35,442

SHAREHOLDERS' FUNDS

136,252

317,442

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

A Jestin - Director

1.	STATUTORY INFORMATION

Efret Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

As the majority of customers and suppliers operate in Europe, the functional currency of the Company is the Euro. The presentation currency is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

a) Critical judgements in applying the entity's accounting policies

There are no specific judgements, apart from those involving estimates as detailed below, that management

has made in the process of applying the entity's accounting policies that have a significant effect on the

amounts recognised in the financial statements.

b) Critical accounting estimates and assumptions

(i) Direct cost accruals

Due to the nature of the operations, management will often recognise costs before an invoice is received from a supplier. In these cases, the expected costs are accrued based on pre-agreed prices or recent similar

transaction with the relevant supplier.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing their

impairment, the management considers factors including the current credit rating of the debtor, the ageing

profile of debtors and historical experience.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point that goods are delivered.

Other service revenue is recognised when the service is delivered, for example on customs clearance.

Patents and licences

Patents and licences are amortised on a straight line basis over a period of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Fixtures and fittings - 20% on cost

Computer equipment - 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 26 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

12,137

AMORTISATION

At 1 January 2025

9,867

Charge for year

1,135

At 31 December 2025

11,002

NET BOOK VALUE

At 31 December 2025

1,135

At 31 December 2024

2,270

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

38,500

51,506

90,006

Additions

-

3,213

3,213

Disposals

(6,808

)

(3,688

)

(10,496

)

At 31 December 2025

31,692

51,031

82,723

DEPRECIATION

At 1 January 2025

26,359

33,364

59,723

Charge for year

7,409

6,721

14,130

Eliminated on disposal

(5,555

)

(2,825

)

(8,380

)

At 31 December 2025

28,213

37,260

65,473

NET BOOK VALUE

At 31 December 2025

3,479

13,771

17,250

At 31 December 2024

12,141

18,142

30,283

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,170,770

1,758,161

Other debtors

41,904

23,754

2,212,674

1,781,915

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,720,919

2,367,425

Taxation and social security

188,358

151,230

Other creditors

116,012

49,363

3,025,289

2,568,018

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Green LLB FCA (Senior Statutory Auditor)

for and on behalf of THP Limited

10.	RELATED PARTY DISCLOSURES

During the year the company made sales of £291,046 (2024 : £371,459) to companies with a common Director.

At the year end balances were owed by these companies of £26,809 (2024 : £50,367).

11.	POST BALANCE SHEET EVENTS

Subsequent to the year end, Uniserve Holdings Limited acquired the remaining 50% shareholding (117,750 A shares) in the Company, having held 50% (117,750 B shares) at the balance sheet date. As a result, Uniserve Holdings Limited became the sole shareholder.