EPI Lettings Limited 13138532 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Property Letting Agents Digita Accounts Production Advanced 6.30.9574.0 true true 13138532 2023-02-01 2024-01-31 13138532 2024-01-31 13138532 bus:OrdinaryShareClass1 2024-01-31 13138532 core:CurrentFinancialInstruments 2024-01-31 13138532 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13138532 bus:SmallEntities 2023-02-01 2024-01-31 13138532 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13138532 bus:AbridgedAccounts 2023-02-01 2024-01-31 13138532 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13138532 bus:RegisteredOffice 2023-02-01 2024-01-31 13138532 bus:Director1 2023-02-01 2024-01-31 13138532 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13138532 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13138532 bus:Agent1 2023-02-01 2024-01-31 13138532 countries:England 2023-02-01 2024-01-31 13138532 2022-02-01 2023-01-31 13138532 2023-01-31 13138532 bus:OrdinaryShareClass1 2023-01-31 13138532 core:CurrentFinancialInstruments 2023-01-31 13138532 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13138532

EPI Lettings Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

EPI Lettings Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Balance Sheet

4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

EPI Lettings Limited

Company Information

Director

Mr Kin Ting Jason Wong

Registered office

136 Bramall Lane Business Hub
John Street
Bramall Lane
Sheffield
S2 4SU

Accountants

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

 

EPI Lettings Limited

Director's Report for the Year Ended 31 January 2024

The director presents his report and the abridged financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Mr Kin Ting Jason Wong

Principal activity

The principal activity of the company is Property Letting Agents

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 February 2024
 

.........................................
Mr Kin Ting Jason Wong
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
EPI Lettings Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EPI Lettings Limited for the year ended 31 January 2024 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of EPI Lettings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of EPI Lettings Limited and state those matters that we have agreed to state to the Board of Directors of EPI Lettings Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EPI Lettings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that EPI Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of EPI Lettings Limited. You consider that EPI Lettings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of EPI Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

19 February 2024

 

EPI Lettings Limited

(Registration number: 13138532)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

59,258

53,008

Cash at bank and in hand

 

67,659

42,316

 

126,917

95,324

Prepayments and accrued income

 

5

486

Creditors: Amounts falling due within one year

(174,450)

(119,644)

Total assets less current liabilities

 

(47,528)

(23,834)

Accruals and deferred income

 

(680)

(630)

Net liabilities

 

(48,208)

(24,464)

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

(48,308)

(24,564)

Shareholders' deficit

 

(48,208)

(24,464)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 19 February 2024
 

.........................................
Mr Kin Ting Jason Wong
Director

 

EPI Lettings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
136 Bramall Lane Business Hub
John Street
Bramall Lane
Sheffield
S2 4SU

The principal place of business is:
136 Bramall Lane Business Hub
John Street
Bramall Lane
Sheffield
S2 4SU

These financial statements were authorised for issue by the director on 19 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

EPI Lettings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

EPI Lettings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100