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REGISTERED NUMBER: 07638133 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

EPM Upholstery Limited

EPM Upholstery Limited (Registered number: 07638133)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPM Upholstery Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: E Cowlishaw





SECRETARY: Mrs K Cowlishaw





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 07638133 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

EPM Upholstery Limited (Registered number: 07638133)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,360 6,006

CURRENT ASSETS
Stocks 11,000 11,000
Debtors 5 3,509 2,664
Cash at bank 19,701 34,482
34,210 48,146
CREDITORS
Amounts falling due within one year 6 12,598 19,651
NET CURRENT ASSETS 21,612 28,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,972

34,501

CREDITORS
Amounts falling due after more than one year 7 (24,544 ) (32,228 )

PROVISIONS FOR LIABILITIES (828 ) (1,141 )
NET ASSETS 600 1,132

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 598 1,130
SHAREHOLDERS' FUNDS 600 1,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EPM Upholstery Limited (Registered number: 07638133)

Balance Sheet - continued
31 May 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





E Cowlishaw - Director


EPM Upholstery Limited (Registered number: 07638133)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

EPM Upholstery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods and services supplied in the period, net of value added tax and any discounts given.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EPM Upholstery Limited (Registered number: 07638133)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 1,791 1,157 12,456 1,688 17,092
Disposals (891 ) - - (1,123 ) (2,014 )
At 31 May 2023 900 1,157 12,456 565 15,078
DEPRECIATION
At 1 June 2022 1,542 883 7,312 1,349 11,086
Charge for year 36 69 1,286 93 1,484
Eliminated on disposal (784 ) - - (1,068 ) (1,852 )
At 31 May 2023 794 952 8,598 374 10,718
NET BOOK VALUE
At 31 May 2023 106 205 3,858 191 4,360
At 31 May 2022 249 274 5,144 339 6,006

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 3,509 2,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1,057 1,428
Taxation and social security 10,694 17,523
Other creditors 847 700
12,598 19,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 24,544 32,228

EPM Upholstery Limited (Registered number: 07638133)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
E Cowlishaw
Balance outstanding at start of year 1,933 2,303
Amounts advanced (4,554 ) 297
Amounts repaid 4,849 (667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,228 1,933

This loan was provided interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is E Cowlishaw.