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EPIK8 LIMITED

Registered Number
12049489
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

EPIK8 LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

BEEDOM, Gary James
MCKENZIE-BLYTH, Oliver
PAULUCCI COULDRICK, Lauren Elizabeth
PAULUCCI COULDRICK, Zacchary Tim

Company Secretary

EXONIA CONSULTING LIMITED

Registered Address

8 North Bar Street
Banbury
OX16 0TB

Registered Number

12049489 (England and Wales)
EPIK8 LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets561,400-
Tangible assets67,12430,106
68,52430,106
Current assets
Debtors799,141226,503
Cash at bank and on hand6,1344,395
105,275230,898
Creditors amounts falling due within one year876,542100,748
Net current assets (liabilities)28,733130,150
Total assets less current liabilities97,257160,256
Creditors amounts falling due after one year9109,27642,593
Net assets(12,019)117,663
Capital and reserves
Profit and loss account(12,019)117,663
Shareholders' funds(12,019)117,663
The financial statements were approved and authorised for issue by the Board of Directors on 20 October 2023, and are signed on its behalf by:
PAULUCCI COULDRICK, Zacchary Tim
Director
Registered Company No. 12049489
EPIK8 LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Intangible assets policy
Purchased software licences
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year1920
5.Intangible assets

Other

Total

££
Cost or valuation
Additions61,40061,400
At 30 June 2361,40061,400
Net book value
At 30 June 2361,40061,400
At 30 June 22--
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 July 2253,01153,011
Additions396396
Disposals(31,790)(31,790)
At 30 June 2321,61721,617
Depreciation and impairment
At 01 July 2222,90522,905
Charge for year6,9556,955
On disposals(14,578)(14,578)
Other adjustments(789)(789)
At 30 June 2314,49314,493
Net book value
At 30 June 237,1247,124
At 30 June 2230,10630,106
7.Debtors

2023

2022

££
Trade debtors / trade receivables50,325128,717
Other debtors1,4623,231
Prepayments and accrued income45,96894,555
Other debtors (Non-current)1,386-
Total99,141226,503
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables66,09293,590
Bank borrowings and overdrafts6,0716,197
Other creditors-961
Accrued liabilities and deferred income4,379-
Total76,542100,748
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts109,27642,593
Total109,27642,593