Company Registration No. SC485143 (Scotland)
Epos Direct Ltd
Unaudited accounts
for the year ended 31 August 2023
Epos Direct Ltd
Unaudited accounts
Contents
Epos Direct Ltd
Company Information
for the year ended 31 August 2023
Director
Francis Appiah-Boakye
Company Number
SC485143 (Scotland)
Registered Office
Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD
Scotland
Epos Direct Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
18,275
18,275
Tangible assets
(3,055)
29,596
Cash at bank and in hand
869,193
101,217
Creditors: amounts falling due within one year
(552,500)
(36,120)
Net current assets
355,236
151,222
Net assets
370,456
199,093
Called up share capital
2
2
Profit and loss account
370,454
199,091
Shareholders' funds
370,456
199,093
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Francis Appiah-Boakye
Director
Company Registration No. SC485143
Epos Direct Ltd
Notes to the Accounts
for the year ended 31 August 2023
Epos Direct Ltd is a private company, limited by shares, registered in Scotland, registration number SC485143. The registered office is Summit House, 4-5 Mitchell Street, Edinburgh, EH6 7BD, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Plant & Machinery is charge at 25% on straight line
Motor vehicles
Motor Vehicles is charge at 35% on straight line
Computer equipment
IT Equipment is charge at 20% on straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 September 2022
18,275
Epos Direct Ltd
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
152,445
28,410
13,505
194,360
At 31 August 2023
152,445
28,410
13,505
194,360
At 1 September 2022
140,049
9,943
14,772
164,764
Charge for the year
20,007
9,943
2,701
32,651
At 31 August 2023
160,056
19,886
17,473
197,415
At 31 August 2023
(7,611)
8,524
(3,968)
(3,055)
At 31 August 2022
12,396
18,467
(1,267)
29,596
Amounts falling due after more than one year
Other debtors
38,543
86,125
7
Creditors: amounts falling due within one year
2023
2022
Proposed dividends
45,500
-
Loans from directors
-
36,120
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 396 (2022: 195).