Epee Services Limited 03784845 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of regulatory consultants to the pharmaceutical industry. Digita Accounts Production Advanced 6.30.9574.0 true 03784845 2022-07-01 2023-06-30 03784845 2023-06-30 03784845 bus:Revised 2023-06-30 03784845 core:RetainedEarningsAccumulatedLosses 2023-06-30 03784845 core:ShareCapital 2023-06-30 03784845 core:CurrentFinancialInstruments 2023-06-30 03784845 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03784845 core:FurnitureFittingsToolsEquipment 2023-06-30 03784845 bus:SmallEntities 2022-07-01 2023-06-30 03784845 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 03784845 bus:FullAccounts 2022-07-01 2023-06-30 03784845 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 03784845 bus:RegisteredOffice 2022-07-01 2023-06-30 03784845 bus:Director1 2022-07-01 2023-06-30 03784845 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03784845 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 03784845 countries:EnglandWales 2022-07-01 2023-06-30 03784845 2022-06-30 03784845 core:FurnitureFittingsToolsEquipment 2022-06-30 03784845 2021-07-01 2022-06-30 03784845 2022-06-30 03784845 core:RetainedEarningsAccumulatedLosses 2022-06-30 03784845 core:ShareCapital 2022-06-30 03784845 core:CurrentFinancialInstruments 2022-06-30 03784845 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 03784845 core:FurnitureFittingsToolsEquipment 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 03784845

Epee Services Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2023

 

Epee Services Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Epee Services Limited

(Registration number: 03784845)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,028

923

Current assets

 

Debtors

5

18,446

22,016

Cash at bank and in hand

 

137,662

119,214

 

156,108

141,230

Creditors: Amounts falling due within one year

6

(26,568)

(44,772)

Net current assets

 

129,540

96,458

Total assets less current liabilities

 

130,568

97,381

Provisions for liabilities

(257)

(175)

Net assets

 

130,311

97,206

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

130,309

97,204

Shareholders' funds

 

130,311

97,206

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 her 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 2 October 2023
 

.........................................
Dr M Duke
Director

 

Epee Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Epee Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the statement of financial position 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

Fixture, fittings and equipment

25% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Epee Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

1,230

1,230

Additions

448

448

At 30 June 2023

1,678

1,678

Depreciation

At 1 July 2022

307

307

Charge for the year

343

343

At 30 June 2023

650

650

Carrying amount

At 30 June 2023

1,028

1,028

At 30 June 2022

923

923

5

Debtors

2023
£

2022
£

Trade debtors

15,840

19,836

Prepayments

1,556

1,156

Other debtors

1,050

1,024

18,446

22,016

2023
£

2022
£

Trade debtors

15,840

19,836

Other debtors

1,050

1,024

Prepayments

1,556

1,156

18,446

22,016

 

Epee Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

630

-

Taxation and social security

17,767

7,127

Accruals and deferred income

1,863

1,738

Other creditors

6,308

35,907

26,568

44,772

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £2,625 (2022 - £2,560).