Company Registration No. SC353884 (Scotland)
EPC Associates Ltd
Unaudited accounts
for the year ended 31 January 2023
EPC Associates Ltd
Unaudited accounts
Contents
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
EPC Associates Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
206,313
18,019
Cash at bank and in hand
246,941
249,084
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
Net assets
363,167
375,768
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
EPC Associates Ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
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.
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
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
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
Amounts falling due within one year
Trade debtors
271,312
331,128
Other debtors
56,938
36,955
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
25,999
8,625
Taxes and social security
16,394
92,882
Other creditors
8,687
8,271
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).