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REGISTERED NUMBER: 04968281 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EPIC BARS (BATH) LTD

EPIC BARS (BATH) LTD (REGISTERED NUMBER: 04968281)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


EPIC BARS (BATH) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Elias
N S Blair
M R Shorting





REGISTERED OFFICE: 3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL





REGISTERED NUMBER: 04968281 (England and Wales)





ACCOUNTANTS: Smith Heath Limited
3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EPIC BARS (BATH) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Epic Bars (Bath) Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Epic Bars (Bath) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Epic Bars (Bath) Ltd and state those matters that we have agreed to state to the Board of Directors of Epic Bars (Bath) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Epic Bars (Bath) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Epic Bars (Bath) Ltd. You consider that Epic Bars (Bath) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Epic Bars (Bath) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Smith Heath Limited
3 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL


31 October 2023

EPIC BARS (BATH) LTD (REGISTERED NUMBER: 04968281)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,788 216,161

CURRENT ASSETS
Stocks 20,398 28,644
Debtors 5 229,187 39,334
Cash at bank and in hand 84,704 227,162
334,289 295,140
CREDITORS
Amounts falling due within one year 6 461,333 547,271
NET CURRENT LIABILITIES (127,044 ) (252,131 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,744

(35,970

)

CREDITORS
Amounts falling due after more than one
year

7

-

(2,286

)

PROVISIONS FOR LIABILITIES (21,965 ) (8,336 )
NET ASSETS/(LIABILITIES) 16,779 (46,592 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,679 (46,692 )
16,779 (46,592 )

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

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

The directors acknowledge their 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.

EPIC BARS (BATH) LTD (REGISTERED NUMBER: 04968281)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





M R Shorting - Director


EPIC BARS (BATH) LTD (REGISTERED NUMBER: 04968281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Epic Bars (Bath) Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EPIC BARS (BATH) LTD (REGISTERED NUMBER: 04968281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022 259,083
Additions 17,560
At 31 March 2023 276,643
DEPRECIATION
At 1 April 2022 42,922
Charge for year 67,933
At 31 March 2023 110,855
NET BOOK VALUE
At 31 March 2023 165,788
At 31 March 2022 216,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,273 4,701
Amounts owed by connected companies 156,784 432
Other debtors 55,130 34,201
229,187 39,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 8,336 30,807
Trade creditors 151,437 251,606
Amounts owed to group undertakings 122,379 122,223
Amounts owed to connected companies 130,800 90,895
Taxation and social security 40,225 12,520
Other creditors 8,156 39,220
461,333 547,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 2,286

EPIC BARS (BATH) LTD (REGISTERED NUMBER: 04968281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,336 30,807
Between one and five years - 2,286
8,336 33,093

Non-cancellable operating leases
2023 2022
£    £   
Within one year 60,000 60,000
Between one and five years 254,700 250,500
In more than five years 435,506 499,706
750,206 810,206

9. PARENT AND ULTIMATE PARENT UNDERTAKING

The company is controlled by the immediate and ultimate parent company, Epic Bars (Cheltenham) Limited, a company incorporated in the United Kingdom.