Accounts Submission

EFENDI BUSINESS SOLUTIONS LIMITED - Company Information

Company Accounts and Tax Online 08070592 Board of Directors 1.4.21 31.3.22 31.3.22 false iso4217:GBP xbrli:pure 08070592 2020-04-01 2021-03-31 08070592 2022-03-31 08070592 2021-04-01 2022-03-31 08070592 2021-03-31 08070592 countries:EnglandWales 2021-04-01 2022-03-31 08070592 curr:PoundSterling 2021-04-01 2022-03-31 08070592 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 08070592 uk-bus:FRS102 2021-04-01 2022-03-31 08070592 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 08070592 uk-bus:AbridgedAccounts 2021-04-01 2022-03-31 08070592 uk-bus:RegisteredOffice 2021-04-01 2022-03-31 08070592 uk-bus:Director1 2021-04-01 2022-03-31 08070592 uk-bus:Director1 2021-04-01 08070592 uk-bus:Director1 2022-03-31 08070592 uk-bus:Director2 2021-04-01 2022-03-31 08070592 uk-bus:Director2 2021-04-01 08070592 uk-bus:Director2 2022-03-31 08070592 core:AfterOneYear 2022-03-31 08070592 core:AfterOneYear 2021-03-31 08070592 core:WithinOneYear 2022-03-31 08070592 core:WithinOneYear 2021-03-31 08070592 core:WithinOneYear 2021-04-01 2022-03-31 08070592 core:AfterOneYear 2022-03-31 08070592 core:AfterOneYear 2021-03-31 08070592 core:AfterOneYear 2021-04-01 2022-03-31 08070592 core:ShareCapital 2022-03-31 08070592 core:ShareCapital 2021-03-31 08070592 core:RevaluationReserve 2022-03-31 08070592 core:RevaluationReserve 2021-03-31 08070592 core:RetainedEarningsAccumulatedLosses 2022-03-31 08070592 core:RetainedEarningsAccumulatedLosses 2021-03-31 08070592 1 2021-04-01 2022-03-31

Company Registration Number:
08070592 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Contents of the Financial Statements

for the Period Ended 31 March 2022


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Profit and Loss notes - 11
Balance sheet notes - 12

Directors' Report Period Ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Principal Activities

The company provides consultancy and management support services to smaller African enterprises, primarily in Uganda.

Political and charitable donations

The company did not make any charitable or political donations during the period.

Additional information

Where appropriate the company will also provide financial support to selected clients and secure its interests with debentures or shareholdings or both, but only where the company retains the right to nominate directors to the investee company board and to take an active and legally enforceable role in that investee company's direction.

Directors

The directors shown below have held office during the whole of the period from 01 April 2021 to 31 March 2022
Kevan Michael Keegan
Brian William Henry Vincent

This report was approved by the board of directors on 24 December 2022
And Signed On Behalf Of The Board By:

Name: Kevan Michael Keegan
Status: Director

Profit and Loss Account

for the Period Ended 31 March 2022

	Notes	2022 £	2021 £
Gross Profit or (Loss)		0	0
Income from coronavirus (COVID-19) business support grants		0	0
Distribution Costs		( 0 )	( 0 )
Administrative Expenses		( 1,553 )	( 91 )
Operating Profit or (Loss)		( 1,553 )	( 91 )
Interest Receivable and Similar Income		0	0
Interest Payable and Similar Charges		( 0 )	( 0 )
Profit or (Loss) Before Tax	4	( 1,553 )	( 91 )
Profit or (Loss) for Period		( 1,553 )	( 91 )

The notes form part of these financial statements

Balance sheet

As at 31 March 2022

	Notes	2022 £	2021 £
Fixed assets
Intangible assets:	5	10,500	10,500
Total fixed assets:		10,500	10,500
Current assets
Stocks:		0	0
Debtors:	6	7,500	7,500
Cash at bank and in hand:		1,309	2,314
Total current assets:		8,809	9,814
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	7	( 13,796 )	( 13,248 )
Net current assets (liabilities):		( 4,987 )	( 3,434 )
Total assets less current liabilities:		5,513	7,066
Creditors: amounts falling due after more than one year:	8	( 20,000 )	( 20,000 )
Provision for liabilities:		( 0 )	( 0 )
Accruals and deferred income:		( 0 )	( 0 )
Total net assets (liabilities):		( 14,487 )	( 12,934 )

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2022

	2022 £	2021 £
Capital and reserves
Called up share capital:	10	10
Profit and loss account:	( 14,497 )	( 12,944 )
Shareholders funds:	( 14,487 )	( 12,934 )

For the year ending 31 March 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 December 2022
And Signed On Behalf Of The Board By:

Name: Kevan Michael Keegan
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Going Concern: The directors consider it appropriate to prepare the statements on a going concern basis, despite the technical insolvency of the company. This is due to the continued support of the directors and shareholders, who control the company's only creditors and to whom the company owes substantially more than the company's balance sheet deficit.

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

	2022	2021
Average number of employees during the period	2	2

The only employees are the directors, who did not receive any salary or fees during the period.

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 March 2022

4.Profit or (Loss) before tax

As the COVID-19 lockdown restrictions eased, in November 2021 a three week business trip to Uganda was undertaken, with increased administrative expenses for travel, accommodation, subsistence, and medical testing as a result. The only other administrative expenses in the period were the company's monthly bank charges (£84) and the annual filing fee (£13).

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Intangible assets

	Total
Cost	£
At 01 April 2021	10,500
Additions	0
Disposals	(0)
Revaluations	0
Transfers	0
At 31 March 2022	10,500
Amortisation
Amortisation at 01 April 2021	0
Charge for year	0
On disposals	(0)
Other adjustments	0
Amortisation at 31 March 2022	0
Net book value
Net book value at 31 March 2022	10,500
Net book value at 31 March 2021	10,500

Intangible assets comprise exclusively the company's 50% shareholding in a fish breeding business in eastern Uganda. The asset is valued at historic cost (20th January 2020), but at time of filing the directors are reviewing the prospects for that Uganda business which required a capital injection in November 2021, funded entirely by company director Mr KM Keegan.

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Debtors

	2022 £	2021 £
Debtors due after more than one year:	7,500	7,500

The repayments on this Debenture loan were suspended in April 2020 for two years to allow the client to survive the economic contraction resulting from the global pandemic. The debt remains secured on all the assets of the client company, a fish breeding business in eastern Uganda.

In November 2021, as part of a capital injection into that business, the company further extended the suspension of repayments on the Debenture loan by one year.

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Creditors: amounts falling due within one year note

The company's only creditors are parties controlled by the shareholders, or he shareholders themselves.

Notes to the Financial Statements

for the Period Ended 31 March 2022

8. Creditors: amounts falling due after more than one year note

The shareholders injected all these extra funds to enable the company to execute appropriate investments in 2020, and accelerate the impact of performance improvement services provided to African clients. Such stakes also provide geared returns on the effectiveness of the company's services while client cash flows are rebuilt.

Director:		Kevan Michael Keegan
		Brian William Henry Vincent


Registered office:		8 Chacombe Place Beaconsfield GBR HP9 2WS


Company Registration Number:		08070592 (England and Wales)

Accounts Submission