Epsilon Integrated Systems Limited
Unaudited Financial Statements
For the year ended 30 April 2021
For Filing with Registrar
Company Registration No. 04772486 (England and Wales)
Epsilon Integrated Systems Limited
Company Information
Directors
R El Asmar
E Papadopoulos
Secretary
R El Asmar
Company number
04772486
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Epsilon Integrated Systems Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Epsilon Integrated Systems Limited
Balance Sheet
As at 30 April 2021
30 April 2021
Page 1
2021
2020
Notes
£
£
£
£
Current assets
Debtors
4
1,303
1,027
Cash at bank and in hand
182
182
1,485
1,209
Creditors: amounts falling due within one year
5
(59,511)
(57,653)
Net current liabilities
(58,026)
(56,444)
Capital and reserves
Called up share capital
6
999
999
Profit and loss reserves
(59,025)
(57,443)
Total equity
(58,026)
(56,444)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 September 2022 and are signed on its behalf by:
R El Asmar
Director
Company Registration No. 04772486
Epsilon Integrated Systems Limited
Notes to the Financial Statements
For the year ended 30 April 2021
Page 2
1
Accounting policies
Company information

Epsilon Integrated Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have confirmed their willingness to support the company for the foreseeable future. The company meets its day to day working capital requirements with a loan from the directors who have confirmed that this will not be repayable until the company has the appropriate resources. On this basis, the accounts have been drawn up on a going concern basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
Straight line over 3 years.
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Epsilon Integrated Systems Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2021
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2020 - 2).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2020 and 30 April 2021
14,877
Depreciation and impairment
At 1 May 2020 and 30 April 2021
14,877
Carrying amount
At 30 April 2021
-
0
At 30 April 2020
-
0
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
1,303
1,027
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
1,658
1,462
Other creditors
57,853
56,191
59,511
57,653
6
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
999
999
999
999
Epsilon Integrated Systems Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2021
Page 4
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
R El Asmar - Loan to company
-
35,191
1,462
36,653
E Papadopoulos - Loan to company
-
20,000
-
20,000
55,191
1,462
56,653
8
Controlling party

The controlling party is R El Asmar by virtue of his majority shareholding.

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