Ephesus Software Ltd

Ephesus Software Ltd from London UK: a small, active company founded four years ago, holds £28,506 in assets, and operates from a real address. It’s managed by one director and one owner. The company is an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with just one month of import activity recorded back in November 2021.

The company’s activities appear diverse, encompassing retail sales via mail order and internet, software development (both business and domestic), and providing various IT and business support services. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The website is non-existent, so it’s hard to know how much of the business is ecommerce.

Financially, Ephesus Software Ltd shows some interesting trends. Current assets have increased significantly by 170%, reaching £29,000, while cash bank on hand has jumped a remarkable 80%, now at £13,000. Equity has also seen a dramatic increase, rising 430% to £5,800. However, creditors have also surged, up 140% to £22,000, and total inventories have exploded by 660% to £14,000. Trade debtors have remained constant at £1,800. The company’s net assets liabilities have increased by 430%, reaching £5,800. The company’s accounts are unaudited and were prepared under FRS 102 Section 1A, which is common for small entities.

It seems like the company has been working hard to grow its assets and cash reserves, but it’s also taking on more debt. The large increase in inventories could be a sign of increased sales, or it could be a sign that the company is struggling to sell its products. The lack of employees (zero reported) suggests a lean operation, and the company’s small size helps it stay agile. It’s hard to say for sure what the future holds for Ephesus Software Ltd, but it’s clear that the company is facing both opportunities and challenges.

Registered in England/Wales under the registration number 12974533, with a registered address at E7 9AD, England, London, 16a Sprowston Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.