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REGISTERED NUMBER: 11443049 (England and Wales)















FASHION EPOS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






FASHION EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 11443049)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FASHION EPOS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: S J Kelly
M Marsh





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN





REGISTERED NUMBER: 11443049 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

FASHION EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 11443049)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,400 2,900
Property, plant and equipment 5 4,340 5,660
6,740 8,560

CURRENT ASSETS
Debtors 6 8,205 5,162
Cash at bank and in hand 56,352 59,757
64,557 64,919
CREDITORS
Amounts falling due within one year 7 (33,942 ) (27,015 )
NET CURRENT ASSETS 30,615 37,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,355

46,464

PROVISIONS FOR LIABILITIES (243 ) (453 )
NET ASSETS 37,112 46,011

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,012 45,911
37,112 46,011

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FASHION EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 11443049)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





S J Kelly - Director


FASHION EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 11443049)

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


1. STATUTORY INFORMATION

Fashion EPOS Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11443049. The registered office is The Exchange, 5 Bank Street, Bury, Lancashire, BL9 0DN.

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.

At the statement of financial position date the company had net assets of £37,112 (2022: £46,011). The directors believe the company also has sufficient cash reserves of £56,352 (2022: £59,757). Following the year end the company continues to pay its debts as they fall due.

The directors therefore believe that the company is well placed to manage the risks at these challenging times and therefore continue to adopt a going concern basis of accounting in preparing these financial statements. No adjustments have been made to the accounts should this view not be applicable..

Revenue
Revenue represents the value, net of value added tax and discounts of goods provided to customers and work carried out in respect of services provided to customers.

Service revenues are recognised over the term of the agreement.

Sale of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivables is fairly stated.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property is being amortised evenly over its estimated useful life of ten years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 20% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


FASHION EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 11443049)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Critical accounting estimates and judgements
There are currently no critical accounting estimates and judgements applied by the directors that are considered key to the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE ASSETS
Intellectual
property
£   
COST
At 1 August 2022
and 31 July 2023 5,000
AMORTISATION
At 1 August 2022 2,100
Amortisation for year 500
At 31 July 2023 2,600
NET BOOK VALUE
At 31 July 2023 2,400
At 31 July 2022 2,900

FASHION EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 11443049)

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


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,030 6,954 4,911 13,895
Additions 1,440 - 335 1,775
Disposals - (6,954 ) - (6,954 )
At 31 July 2023 3,470 - 5,246 8,716
DEPRECIATION
At 1 August 2022 1,084 5,316 1,835 8,235
Charge for year 412 - 1,045 1,457
Eliminated on disposal - (5,316 ) - (5,316 )
At 31 July 2023 1,496 - 2,880 4,376
NET BOOK VALUE
At 31 July 2023 1,974 - 2,366 4,340
At 31 July 2022 946 1,638 3,076 5,660

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,469 3,378
Other debtors 3,736 1,784
8,205 5,162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,100 2,397
Taxation and social security 19,995 20,477
Other creditors 6,847 4,141
33,942 27,015