Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08397565 2022-04-01 2023-03-31 08397565 2021-04-01 2022-03-31 08397565 2023-03-31 08397565 2022-03-31 08397565 c:Director1 2022-04-01 2023-03-31 08397565 d:MotorVehicles 2022-04-01 2023-03-31 08397565 d:MotorVehicles 2023-03-31 08397565 d:MotorVehicles 2022-03-31 08397565 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08397565 d:FurnitureFittings 2022-04-01 2023-03-31 08397565 d:FurnitureFittings 2023-03-31 08397565 d:FurnitureFittings 2022-03-31 08397565 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08397565 d:OfficeEquipment 2022-04-01 2023-03-31 08397565 d:OfficeEquipment 2023-03-31 08397565 d:OfficeEquipment 2022-03-31 08397565 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08397565 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08397565 d:CurrentFinancialInstruments 2023-03-31 08397565 d:CurrentFinancialInstruments 2022-03-31 08397565 d:Non-currentFinancialInstruments 2023-03-31 08397565 d:Non-currentFinancialInstruments 2022-03-31 08397565 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08397565 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08397565 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08397565 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08397565 d:ShareCapital 2023-03-31 08397565 d:ShareCapital 2022-03-31 08397565 d:RetainedEarningsAccumulatedLosses 2023-03-31 08397565 d:RetainedEarningsAccumulatedLosses 2022-03-31 08397565 c:FRS102 2022-04-01 2023-03-31 08397565 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08397565 c:FullAccounts 2022-04-01 2023-03-31 08397565 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08397565 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08397565 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 08397565 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08397565 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 08397565 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08397565









EPF INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EPF INVESTMENTS LIMITED
REGISTERED NUMBER: 08397565

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,456
57,267

  
33,456
57,267

Current assets
  

Debtors: amounts falling due after more than one year
 5 
891
2,704

Debtors: amounts falling due within one year
 5 
25,169
5,147

Cash at bank and in hand
 6 
532,353
632,686

Creditors: amounts falling due within one year
 7 
(64,233)
(59,160)

Net current assets
  
 
 
494,180
 
 
581,377

Creditors: amounts falling due after more than one year
 8 
-
(22,413)

Net assets
  
527,636
616,231


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
527,634
616,229

  
527,636
616,231


Page 1

 
EPF INVESTMENTS LIMITED
REGISTERED NUMBER: 08397565
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A S Coffer
Director

Date: 14 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EPF INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

EPF Investments Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 08397565.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
EPF INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20% reducing balance
Fixtures & fittings
-
20% reducing balance
Office equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

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.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
EPF INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
70,474
35,383
5,618
111,475


Disposals
(25,984)
-
-
(25,984)



At 31 March 2023

44,490
35,383
5,618
85,491



Depreciation


At 1 April 2022
21,215
28,553
4,440
54,208


Charge for the year on owned assets
6,762
1,366
236
8,364


Disposals
(10,537)
-
-
(10,537)



At 31 March 2023

17,440
29,919
4,676
52,035



Net book value



At 31 March 2023
27,050
5,464
942
33,456



At 31 March 2022
49,259
6,830
1,178
57,267

Page 5

 
EPF INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
891
2,704

891
2,704


2023
2022
£
£

Due within one year

Trade debtors
15,234
2,860

Other debtors
9,935
2,287

25,169
5,147



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
532,353
632,686

532,353
632,686



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,932
1,728

Corporation tax
28,181
26,367

Other taxation and social security
9,206
7,946

Obligations under finance lease and hire purchase contracts
22,414
20,499

Other creditors
2,500
2,620

64,233
59,160


Page 6

 
EPF INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
22,413

-
22,413



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
22,414
20,499

Between 1-5 years
-
22,413

22,414
42,912


10.


Transactions with directors

At the balance sheet date, an amount of £9,935 (2022: £2,287) was owed by the directors. This loan is unsecured, interest free and was repaid shortly after the year end.

 
Page 7