IRIS Accounts Production v23.2.0.158 04774596 Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047745962022-05-31047745962023-05-31047745962022-06-012023-05-31047745962021-02-28047745962021-03-012022-05-31047745962022-05-3104774596ns10:Originalns15:EnglandWales2022-06-012023-05-3104774596ns14:PoundSterlingns10:Original2022-06-012023-05-3104774596ns10:Originalns10:Director12022-06-012023-05-3104774596ns10:Original2022-06-012023-05-3104774596ns10:Original2023-05-3104774596ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104774596ns10:Originalns10:SmallEntities2022-06-012023-05-3104774596ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104774596ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104774596ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104774596ns10:Originalns10:FullAccounts2022-06-012023-05-3104774596ns10:Original2021-03-012022-05-3104774596ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3104774596ns10:Originalns10:Director22022-06-012023-05-3104774596ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104774596ns10:Original2022-05-3104774596ns10:Originalns5:CurrentFinancialInstruments2023-05-3104774596ns10:Originalns5:CurrentFinancialInstruments2022-05-3104774596ns10:Originalns5:Non-currentFinancialInstruments2023-05-3104774596ns10:Originalns5:Non-currentFinancialInstruments2022-05-3104774596ns5:ShareCapitalns10:Original2023-05-3104774596ns5:ShareCapitalns10:Original2022-05-3104774596ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104774596ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104774596ns10:Originalns5:NetGoodwill2022-06-012023-05-3104774596ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3104774596ns10:Originalns5:PlantMachinery2022-06-012023-05-3104774596ns10:Originalns5:LandBuildings2022-05-3104774596ns10:Originalns5:PlantMachinery2022-05-3104774596ns10:Original2022-05-3104774596ns10:Originalns5:LandBuildings2022-06-012023-05-3104774596ns10:Originalns5:LandBuildings2023-05-3104774596ns10:Originalns5:PlantMachinery2023-05-3104774596ns10:Originalns5:LandBuildings2022-05-3104774596ns10:Originalns5:PlantMachinery2022-05-3104774596ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104774596ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3104774596ns10:Originalns5:DeferredTaxation2022-05-3104774596ns10:Originalns5:DeferredTaxation2022-06-012023-05-3104774596ns10:Originalns5:DeferredTaxation2023-05-3104774596ns10:Originalns10:OrdinaryShareClass12023-05-3104774596ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104774596ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 04774596 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

EPC SYSTEMS LIMITED

EPC SYSTEMS LIMITED (REGISTERED NUMBER: 04774596)






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


EPC SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G C Attew
Mrs D Attew





REGISTERED OFFICE: Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 04774596 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

EPC SYSTEMS LIMITED (REGISTERED NUMBER: 04774596)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 140,696 140,728

CURRENT ASSETS
Debtors 5 73,572 84,812
Cash at bank - 337
73,572 85,149
CREDITORS
Amounts falling due within one year 6 (44,199 ) (63,552 )
NET CURRENT ASSETS 29,373 21,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,069

162,325

CREDITORS
Amounts falling due after more than one
year

7

(115,857

)

(120,857

)

PROVISIONS FOR LIABILITIES 8 (32 ) (41 )
NET ASSETS 54,180 41,427

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 54,080 41,327
SHAREHOLDERS' FUNDS 54,180 41,427

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 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.

EPC SYSTEMS LIMITED (REGISTERED NUMBER: 04774596)

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 Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





G C Attew - Director


EPC SYSTEMS LIMITED (REGISTERED NUMBER: 04774596)

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

1. STATUTORY INFORMATION

EPC Systems 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

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 etc - 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

EPC SYSTEMS LIMITED (REGISTERED NUMBER: 04774596)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 140,511 2,443 142,954
DEPRECIATION
At 1 June 2022 - 2,226 2,226
Charge for year - 32 32
At 31 May 2023 - 2,258 2,258
NET BOOK VALUE
At 31 May 2023 140,511 185 140,696
At 31 May 2022 140,511 217 140,728

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 73,572 84,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 1,408 -
Trade creditors 541 720
Other creditors 42,250 62,832
44,199 63,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other creditors 115,857 120,857

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 32 41

Deferred
tax
£   
Balance at 1 June 2022 41
Provided during year (9 )
Balance at 31 May 2023 32

EPC SYSTEMS LIMITED (REGISTERED NUMBER: 04774596)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2022 41,327
Profit for the year 12,753
At 31 May 2023 54,080

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr G C Attew as holder of the share capital throughout the current and
previous year. The company operates a Loan account with the Directors and the balance as at 31 May 2023 was
£42,250 (31 May 2022 was £62,832).