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COMPANY REGISTRATION NUMBER: 04637653
EPIPHANY CONSULTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
7 April 2023
EPIPHANY CONSULTING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 7 APRIL 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 5
EPIPHANY CONSULTING LIMITED
BALANCE SHEET
7 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
136,451
39,597
Current assets
Debtors
7
40,531
31,251
Cash at bank and in hand
124,916
128,305
------------
------------
165,447
159,556
Creditors: amounts falling due within one year
8
( 53,448)
( 43,414)
------------
------------
Net current assets
111,999
116,142
------------
------------
Total assets less current liabilities
248,450
155,739
------------
------------
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss account
247,450
154,739
------------
------------
Shareholders funds
248,450
155,739
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 7 April 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 April 2024 , and are signed on behalf of the board by:
Dr V W-T Chua
Director
Company registration number: 04637653
EPIPHANY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 7 APRIL 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Long Road, Cambridge, Cambridgeshire, CB2 8PS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold
-
2% straight line
Office equipment
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tax on profit
Major components of tax expense
2023
2022
£
£
Current tax:
UK current tax expense
30,340
5,073
------------
------------
Tax on profit
30,340
5,073
------------
------------
6. Tangible assets
Land and buildings
Office equipment
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost
At 10 April 2022
9,363
72,352
10,633
92,348
Additions
91,833
11,961
9,627
113,421
------------
------------
------------
------------
------------
At 7 April 2023
91,833
21,324
72,352
20,260
205,769
------------
------------
------------
------------
------------
Depreciation
At 10 April 2022
7,973
34,146
10,632
52,751
Charge for the year
1,837
2,003
9,551
3,176
16,567
------------
------------
------------
------------
------------
At 7 April 2023
1,837
9,976
43,697
13,808
69,318
------------
------------
------------
------------
------------
Carrying amount
At 7 April 2023
89,996
11,348
28,655
6,452
136,451
------------
------------
------------
------------
------------
At 9 April 2022
1,390
38,206
1
39,597
------------
------------
------------
------------
------------
7. Debtors
2023
2022
£
£
Amounts owed by undertakings in which the company has a participating interest
30,733
30,733
Other debtors
9,798
518
------------
------------
40,531
31,251
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank overdraft
1,681
539
Trade creditors
5,271
30,206
Corporation tax
35,413
5,073
Social security and other taxes
179
840
Director loan accounts
10,904
6,756
------------
------------
53,448
43,414
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
------------
------------
------------
------------
10. Related party transactions
The director's loan of £10,904 (2022: £6,756) set out above is unsecured, repayable on demand and currently interest free. During the year the company received £580,000 (2022: £220,000) from Mansfield Advisors LLP in terms of profit share. Epiphany Limited is a partner in Mansfield Advisors LLP. The loan made to Mansfield Advisors LLP on 21 August 2015 totalling £30,733 (2022: £30,733) remains outstanding. The company is controlled by the director.