Silverfin false 31/03/2023 01/04/2022 31/03/2023 H J Harrison 03/03/2018 P Harrison 30/03/2017 V Harrison 24/11/2006 02 November 2023 The principal activity of the Company during the financial year was providing energy assessments for domestic homes and businesses. 06008902 2023-03-31 06008902 bus:Director1 2023-03-31 06008902 bus:Director2 2023-03-31 06008902 bus:Director3 2023-03-31 06008902 2022-03-31 06008902 core:CurrentFinancialInstruments 2023-03-31 06008902 core:CurrentFinancialInstruments 2022-03-31 06008902 core:ShareCapital 2023-03-31 06008902 core:ShareCapital 2022-03-31 06008902 core:RetainedEarningsAccumulatedLosses 2023-03-31 06008902 core:RetainedEarningsAccumulatedLosses 2022-03-31 06008902 core:ComputerSoftware 2022-03-31 06008902 core:ComputerSoftware 2023-03-31 06008902 core:PlantMachinery 2022-03-31 06008902 core:OfficeEquipment 2022-03-31 06008902 core:PlantMachinery 2023-03-31 06008902 core:OfficeEquipment 2023-03-31 06008902 bus:OrdinaryShareClass1 2023-03-31 06008902 bus:OrdinaryShareClass2 2023-03-31 06008902 2022-04-01 2023-03-31 06008902 bus:FullAccounts 2022-04-01 2023-03-31 06008902 bus:SmallEntities 2022-04-01 2023-03-31 06008902 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06008902 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06008902 bus:Director1 2022-04-01 2023-03-31 06008902 bus:Director2 2022-04-01 2023-03-31 06008902 bus:Director3 2022-04-01 2023-03-31 06008902 core:ComputerSoftware core:TopRangeValue 2022-04-01 2023-03-31 06008902 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 06008902 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 06008902 2021-04-01 2022-03-31 06008902 core:ComputerSoftware 2022-04-01 2023-03-31 06008902 core:PlantMachinery 2022-04-01 2023-03-31 06008902 core:OfficeEquipment 2022-04-01 2023-03-31 06008902 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06008902 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 06008902 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 06008902 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06008902 (England and Wales)

EPC LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

EPC LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

EPC LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
EPC LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 0 80
Tangible assets 4 3,012 2,919
3,012 2,999
Current assets
Debtors 5 2,742 1,180
Cash at bank and in hand 3,767 2,010
6,509 3,190
Creditors: amounts falling due within one year 6 ( 10,868) ( 5,564)
Net current liabilities (4,359) (2,374)
Total assets less current liabilities (1,347) 625
Provision for liabilities ( 753) 0
Net (liabilities)/assets ( 2,100) 625
Capital and reserves
Called-up share capital 7 3 3
Profit and loss account ( 2,103 ) 622
Total shareholder's (deficit)/funds ( 2,100) 625

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of EPC Limited (registered number: 06008902) were approved and authorised for issue by the Director on 02 November 2023. They were signed on its behalf by:

P Harrison
Director
EPC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
EPC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EPC Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is 23 Travinor Drive, Pewsham, Chippenham, SN15 3FT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £2,100. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Transition to FRS 102

These financial statements for the year ended 31 March 2023 are the company's first financial statements prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition was 1 April 2021. The reported financial position and performance for the previous period are not affected by the transition to FRS 102.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Computer software Total
£ £
Cost
At 01 April 2022 1,200 1,200
At 31 March 2023 1,200 1,200
Accumulated amortisation
At 01 April 2022 1,120 1,120
Charge for the financial year 80 80
At 31 March 2023 1,200 1,200
Net book value
At 31 March 2023 0 0
At 31 March 2022 80 80

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 April 2022 2,592 6,973 9,565
Additions 0 1,441 1,441
At 31 March 2023 2,592 8,414 11,006
Accumulated depreciation
At 01 April 2022 1,627 5,019 6,646
Charge for the financial year 390 958 1,348
At 31 March 2023 2,017 5,977 7,994
Net book value
At 31 March 2023 575 2,437 3,012
At 31 March 2022 965 1,954 2,919

5. Debtors

2023 2022
£ £
Trade debtors 2,010 590
Prepayments 732 590
2,742 1,180

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,777 1,274
Amounts owed to directors 1,145 833
Accruals 664 47
Taxation and social security 7,282 3,410
10,868 5,564

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 A Ordinary shares of £ 1.00 each 2 2
1 B Ordinary share of £ 1.00 1 1
3 3

8. Related party transactions

Transactions with the entity's directors

Included within other creditors are amounts owed to the director totalling £1,145 (2022: £833). This is an interest free loan with no fixed repayment date.