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Company Registration No. SC353884 (Scotland)
EPC Associates Ltd Unaudited accounts for the year ended 31 January 2023
EPC Associates Ltd Unaudited accounts Contents
Page
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EPC Associates Ltd Company Information for the year ended 31 January 2023
Directors
William Bell Matthew White
Company Number
SC353884 (Scotland)
Registered Office
EPC Associates Ltd 6 Lonmay Place Glasgow G33 4ER Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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EPC Associates Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
206,313 
18,019 
Current assets
Debtors
328,250 
368,083 
Cash at bank and in hand
246,941 
249,084 
575,191 
617,167 
Creditors: amounts falling due within one year
(352,442)
(221,085)
Net current assets
222,749 
396,082 
Total assets less current liabilities
429,062 
414,101 
Creditors: amounts falling due after more than one year
(28,333)
(38,333)
Provisions for liabilities
Deferred tax
(37,562)
- 
Net assets
363,167 
375,768 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
363,161 
375,762 
Shareholders' funds
363,167 
375,768 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
William Bell Director Company Registration No. SC353884
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EPC Associates Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
EPC Associates Ltd is a private company, limited by shares, registered in Scotland, registration number SC353884. The registered office is EPC Associates Ltd, 6 Lonmay Place, Glasgow, G33 4ER, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20%
Plant & machinery
20%
Motor vehicles
25%
Fixtures & fittings
20%
Computer equipment
33%
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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EPC Associates Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
10,819 
15,315 
- 
19,382 
32,934 
78,450 
Additions
- 
- 
190,754 
- 
16,445 
207,199 
At 31 January 2023
10,819 
15,315 
190,754 
19,382 
49,379 
285,649 
Depreciation
At 1 February 2022
35 
15,315 
- 
17,254 
27,827 
60,431 
Charge for the year
2,164 
- 
7,948 
1,356 
7,437 
18,905 
At 31 January 2023
2,199 
15,315 
7,948 
18,610 
35,264 
79,336 
Net book value
At 31 January 2023
8,620 
- 
182,806 
772 
14,115 
206,313 
At 31 January 2022
10,784 
- 
- 
2,128 
5,107 
18,019 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
271,312 
331,128 
Other debtors
56,938 
36,955 
328,250 
368,083 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
84,431 
92,861 
Trade creditors
25,999 
8,625 
Taxes and social security
16,394 
92,882 
Other creditors
8,687 
8,271 
Accruals
206,931 
8,446 
352,442 
221,085 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,333 
38,333 
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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