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Company Registration No. 01984540 (England and Wales)
E.P.L.C. LIMITED Unaudited accounts for the year ended 30 June 2023
E.P.L.C. LIMITED Unaudited accounts Contents
Page
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E.P.L.C. LIMITED Company Information for the year ended 30 June 2023
Director
Gian-Piero Malfense Fierro
Secretary
Gian-Piero Malfense Fierro
Company Number
01984540 (England and Wales)
Registered Office
Flat 1A 10 Norfolk Crescent Bath BA1 2BE
Accountants
The Accounting Studio (Consulting) Ltd 23 Downscroft Gardens Hedge End Southampton Hampshire SO30 4RR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of E.P.L.C. LIMITED for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of E.P.L.C. LIMITED for the year ended 30 June 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of E.P.L.C. LIMITED, as a body, in accordance with the terms of our engagement letter dated 22 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of E.P.L.C. LIMITED and state those matters that we have agreed to state to the Board of Directors of E.P.L.C. LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E.P.L.C. LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that E.P.L.C. 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 E.P.L.C. LIMITED. You consider that E.P.L.C. 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 E.P.L.C. 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.
The Accounting Studio (Consulting) Ltd Chartered Accountants 23 Downscroft Gardens Hedge End Southampton Hampshire SO30 4RR 8 February 2024
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E.P.L.C. LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
291,884 
307,373 
Current assets
Cash at bank and in hand
8 
16 
Creditors: amounts falling due within one year
(252,479)
(252,213)
Net current liabilities
(252,471)
(252,197)
Net assets
39,413 
55,176 
Capital and reserves
Called up share capital
10,000 
10,000 
Revaluation reserve
352,871 
352,871 
Profit and loss account
(323,458)
(307,695)
Shareholders' funds
39,413 
55,176 
For the year ending 30 June 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 9 February 2024 and were signed on its behalf by
Gian-Piero Malfense Fierro Director Company Registration No. 01984540
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E.P.L.C. LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
E.P.L.C. LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01984540. The registered office is Flat 1A, 10 Norfolk Crescent, Bath, BA1 2BE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20 years on the building portion of the asset
Plant & machinery
3-5 years
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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E.P.L.C. LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
373,853 
940 
374,793 
At 30 June 2023
373,853 
940 
374,793 
Depreciation
At 1 July 2022
66,480 
940 
67,420 
Charge for the year
15,489 
- 
15,489 
At 30 June 2023
81,969 
940 
82,909 
Net book value
At 30 June 2023
291,884 
- 
291,884 
At 30 June 2022
307,373 
- 
307,373 
The leasehold property was valued as at 30th June 2009 on the open market value basis by TG Msonda BSc (L Admin) MRICS, MSIM Chartered Valuation Surveyor of T. G. Msonda Associates Lilongwe. The original cost of the long leasehold land was K100,000
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,435 
3,435 
Other creditors
243,267 
244,188 
Loans from directors
4,678 
3,491 
Accruals
1,099 
1,099 
252,479 
252,213 
6
Transactions with related parties
At the end of the year the company owed the following: - Loans provided by shareholders totalling £243,267 (2022: £244,188 ). The change in the year related to movements in foreign exchange rates. - Money owed to Shire Civils Limited, a company owned and controlled by G Malfense-Fierro (a director) £3,435.06 (2022 £3,435.06). - During the year G Malfense-Fierro (a director) loaned the company £1,187. The balance outstanding at the year end was £4,678 (2022: £3,491) All loans are repayable on demand and no loans are interest baring.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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