IRIS Accounts Production v23.3.1.45 07443796 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074437962022-03-31074437962023-03-31074437962022-04-012023-03-31074437962021-03-31074437962021-04-012022-03-31074437962022-03-3107443796ns10:Originalns15:EnglandWales2022-04-012023-03-3107443796ns14:PoundSterlingns10:Original2022-04-012023-03-3107443796ns10:Originalns10:Director12022-04-012023-03-3107443796ns10:Original2022-04-012023-03-3107443796ns10:Original2023-03-3107443796ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107443796ns10:Originalns10:SmallEntities2022-04-012023-03-3107443796ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107443796ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107443796ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107443796ns10:Originalns10:FullAccounts2022-04-012023-03-3107443796ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3107443796ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107443796ns10:Original2022-03-3107443796ns10:Originalns5:CurrentFinancialInstruments2023-03-3107443796ns10:Originalns5:CurrentFinancialInstruments2022-03-3107443796ns10:Originalns5:Non-currentFinancialInstruments2023-03-3107443796ns10:Originalns5:Non-currentFinancialInstruments2022-03-3107443796ns5:ShareCapitalns10:Original2023-03-3107443796ns5:ShareCapitalns10:Original2022-03-3107443796ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107443796ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107443796ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107443796ns10:Original2021-04-012022-03-3107443796ns10:Originalns5:FurnitureFittings2022-03-3107443796ns10:Originalns5:ComputerEquipment2022-03-3107443796ns10:Original2022-03-3107443796ns10:Originalns5:ComputerEquipment2022-04-012023-03-3107443796ns10:Originalns5:FurnitureFittings2023-03-3107443796ns10:Originalns5:ComputerEquipment2023-03-3107443796ns10:Originalns5:FurnitureFittings2022-03-3107443796ns10:Originalns5:ComputerEquipment2022-03-3107443796ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107443796ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107443796ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3107443796ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3107443796ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3107443796ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3107443796ns10:Originalns10:OrdinaryShareClass12023-03-3107443796ns10:Original1ns10:Director12022-03-3107443796ns10:Original1ns10:Director12021-03-3107443796ns10:Original1ns10:Director12022-04-012023-03-3107443796ns10:Original1ns10:Director12021-04-012022-03-3107443796ns10:Original1ns10:Director12023-03-3107443796ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 07443796 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EPN COMMUNICATIONS LTD

EPN COMMUNICATIONS LTD (REGISTERED NUMBER: 07443796)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPN COMMUNICATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr N Neophytou





REGISTERED OFFICE: 13 Grove Road
LONDON
N12 9EB





REGISTERED NUMBER: 07443796 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

EPN COMMUNICATIONS LTD (REGISTERED NUMBER: 07443796)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,327 7,694

CURRENT ASSETS
Debtors 5 280,650 291,594
Cash at bank and in hand 28,053 40,805
308,703 332,399
CREDITORS
Amounts falling due within one year 6 281,398 291,301
NET CURRENT ASSETS 27,305 41,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,632

48,792

CREDITORS
Amounts falling due after more than one
year

7

23,333

33,333
NET ASSETS 14,299 15,459

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 14,199 15,359
SHAREHOLDERS' FUNDS 14,299 15,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EPN COMMUNICATIONS LTD (REGISTERED NUMBER: 07443796)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2024 and were signed by:





Mr N Neophytou - Director


EPN COMMUNICATIONS LTD (REGISTERED NUMBER: 07443796)

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


1. STATUTORY INFORMATION

EPN Communications Ltd 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

EPN COMMUNICATIONS LTD (REGISTERED NUMBER: 07443796)

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


4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2022 23,485 - 23,485
Additions 4,952 181 5,133
At 31 March 2023 28,437 181 28,618
DEPRECIATION
At 1 April 2022 15,791 - 15,791
Charge for year 2,464 36 2,500
At 31 March 2023 18,255 36 18,291
NET BOOK VALUE
At 31 March 2023 10,182 145 10,327
At 31 March 2022 7,694 - 7,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Corporation tax recoverable 63,253 63,253
Directors' current accounts 130,030 146,873
Prepayments and accrued income 87,367 81,468
280,650 291,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 10,330 10,049
Trade creditors 193 2,491
Company credit card 13,585 7,384
Tax 247,788 211,735
Social security and other taxes 735 508
VAT 4,767 7,334
Other creditors - 50,000
Accruals and deferred income 3,600 1,800
Accrued expenses 400 -
281,398 291,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 23,333 33,333

EPN COMMUNICATIONS LTD (REGISTERED NUMBER: 07443796)

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


8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,330 10,049

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,333 23,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary share 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr N Neophytou
Balance outstanding at start of year 146,873 75,121
Amounts advanced - 71,752
Amounts repaid (16,843 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 130,030 146,873

The director was charged interest of £3,013 (2022: £1,894) on his overdrawn directors account calculated at HM Revenue and Customs rates.