Effectivus Limited - Period Ending 2022-03-31

Effectivus Limited - Period Ending 2022-03-31


Effectivus Limited 06548390 true 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is dormant Digita Accounts Production Advanced 6.30.9574.0 true C Steele J C Steele false 06548390 2021-04-01 2022-03-31 06548390 2022-03-31 06548390 bus:OrdinaryShareClass1 2022-03-31 06548390 core:RetainedEarningsAccumulatedLosses 2022-03-31 06548390 core:ShareCapital 2022-03-31 06548390 core:CurrentFinancialInstruments 2022-03-31 06548390 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06548390 core:FurnitureFittingsToolsEquipment 2022-03-31 06548390 bus:FRS102 2021-04-01 2022-03-31 06548390 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 06548390 bus:FullAccounts 2021-04-01 2022-03-31 06548390 bus:RegisteredOffice 2021-04-01 2022-03-31 06548390 bus:CompanySecretary1 2021-04-01 2022-03-31 06548390 bus:Director1 2021-04-01 2022-03-31 06548390 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 06548390 bus:EntityNoLongerTradingButTradedInPast 2021-04-01 2022-03-31 06548390 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06548390 core:OfficeEquipment 2021-04-01 2022-03-31 06548390 countries:EnglandWales 2021-04-01 2022-03-31 06548390 2021-03-31 06548390 core:FurnitureFittingsToolsEquipment 2021-03-31 06548390 2020-04-01 2021-03-31 06548390 2021-03-31 06548390 bus:OrdinaryShareClass1 2021-03-31 06548390 core:RetainedEarningsAccumulatedLosses 2021-03-31 06548390 core:ShareCapital 2021-03-31 06548390 core:CurrentFinancialInstruments 2021-03-31 06548390 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 06548390 core:FurnitureFittingsToolsEquipment 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06548390

Effectivus Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Effectivus Limited

(Registration number: 06548390)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

3

734

734

Current assets

 

Debtors

4

1

1

Cash at bank and in hand

 

221

221

 

222

222

Creditors: Amounts falling due within one year

6

(1,869)

(1,869)

Net current liabilities

 

(1,647)

(1,647)

Net liabilities

 

(913)

(913)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(914)

(914)

Shareholders' deficit

 

(913)

(913)

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 November 2022
 

.........................................
C Steele
Director

 

Effectivus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the director on 16 November 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Effectivus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade 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 receivables.

Trade creditors

Trade creditors 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.

Trade creditors are recognised at the transaction price.

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.

 

Effectivus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2021

1,470

1,470

At 31 March 2022

1,470

1,470

Depreciation

At 1 April 2021

736

736

At 31 March 2022

736

736

Carrying amount

At 31 March 2022

734

734

At 31 March 2021

734

734

4

Debtors

Current

2022
£

2021
£

Other debtors

1

1

5

Cash and cash equivalents

2022
£

2021
£

Cash at bank

221

221

6

Creditors

Note

2022
£

2021
£

Due within one year

 

Amounts due to related parties

1,125

1,125

Accruals

 

744

744

 

1,869

1,869

 

Effectivus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

         

8

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2021 - 0).