Company Registration No. 08830384 (England and Wales)
Efficient Technology Ltd
Unaudited accounts
for the year ended 31 January 2026
Efficient Technology Ltd
Unaudited accounts
Contents
Efficient Technology Ltd
Company Information
for the year ended 31 January 2026
Director
Hussein JODIYAWALLA
Company Number
08830384 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Enso Accountants Ltd
189c Mauldeth Road
Manchester
M191BA
Efficient Technology Ltd
Statement of financial position
as at 31 January 2026
Cash at bank and in hand
41,532
38,236
Creditors: amounts falling due within one year
(4,166)
(25,560)
Net current assets
71,942
94,889
Total assets less current liabilities
72,829
96,165
Creditors: amounts falling due after more than one year
(21,577)
(38,838)
Called up share capital
2
2
Profit and loss account
51,250
57,325
Shareholders' funds
51,252
57,327
For the year ending 31 January 2026 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 director acknowledges his 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 and authorised for issue on 10 August 2026 and were signed on its behalf by
Hussein JODIYAWALLA
Director
Company Registration No. 08830384
Efficient Technology Ltd
Notes to the Accounts
for the year ended 31 January 2026
Efficient Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 08830384. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 Year Straight Line
Fixtures & fittings
5 Year Straight Line
Computer equipment
5 Year Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Efficient Technology Ltd
Notes to the Accounts
for the year ended 31 January 2026
The management has assessed the company's ability to continue as a going concern for the foreseeable future, typically at least twelve months from the date of the financial statements. This assessment is based on the company's current financial position, operational performance, cash flow forecasts, and available credit facilities. The company's financial statements reflect the ongoing operations of the business and the ability to meet its financial obligations as they become due. In making this assessment, management has made certain assumptions about future performance, including market conditions, economic trends, and the company's ability to execute its strategic plans.
Management continuously monitors and evaluates potential risks and uncertainties that could impact the company's ability to continue as a going concern. Appropriate actions will be taken to mitigate these risks if necessary. Any material uncertainties or events that could cast significant doubt on the company's ability to continue as a going concern are disclosed in the financial
statements.
Based on the assessment conducted, management concludes that the company is a going concern and will continue to operate in the foreseeable future.
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 recognized at transaction price including any transaction costs and subsequently measured at amortized cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognized at transaction price net of any transaction costs and subsequently measured at amortized cost determined using the effective interest method.
The company establishes and maintains relationships with reputable financial institutions for its banking needs. These relationships include maintaining operating accounts, investment accounts, and credit facilities as necessary. Bank reconciliations are performed regularly to reconcile cash balances in the company's records with bank statements. Any discrepancies are investigated and resolved promptly. If applicable, procedures for managing petty cash funds are established,
including guidelines for reimbursement, documentation of expenses, and periodic reconciliations.
The cash at bank and in hand policy complies with relevant accounting standards and regulations regarding the recording, reconciliation, and reporting of cash balances in financial statements.
All cash transactions, including bank statements, reconciliations, and supporting documentation, are properly documented and retained as part of the company's financial records.
Efficient Technology Ltd
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
1,504
1,290
655
3,449
At 31 January 2026
1,504
1,290
655
3,449
At 1 February 2025
1,504
440
229
2,173
Charge for the year
-
258
131
389
At 31 January 2026
1,504
698
360
2,562
At 31 January 2026
-
592
295
887
At 31 January 2025
-
850
426
1,276
Amounts falling due within one year
Accrued income and prepayments
130
195
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
3,966
-
Other creditors
200
17,452
7
Creditors: amounts falling due after more than one year
2026
2025
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).