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COMPANY REGISTRATION NUMBER: 03885402
EPMK Management Limited
Unaudited Financial Statements
31 December 2023
EPMK Management Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
EPMK Management Limited
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Directors
The directors who served the company during the year were as follows:
Mr I Turvey
Mrs Joanna Obidzinska-Bushby
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 July 2024 and signed on behalf of the board by:
Mr I Turvey
Director
Registered office:
50/60 Station Road
Cambridge
England
CB1 2JH
EPMK Management Limited
Statement of Income and Retained Earnings
Year ended 31 December 2023
2023
2022
Note
£
£
Turnover
60,954
58,983
Cost of sales
52,563
53,351
--------
--------
Gross profit
8,391
5,632
Administrative expenses
11,949
6,412
--------
-------
Operating loss
( 3,558)
( 780)
Other interest receivable and similar income
4
3,558
780
--------
-------
Profit before taxation
Tax on profit
----
----
Result for the financial year and total comprehensive income
----
----
Retained earnings at the start of the year
All the activities of the company are from continuing operations.
EPMK Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
4,213
10,948
Cash at bank and in hand
105,209
101,514
---------
---------
109,422
112,462
Creditors: amounts falling due within one year
6
24,263
25,103
---------
---------
Net current assets
85,159
87,359
--------
--------
Total assets less current liabilities
85,159
87,359
Provisions
Other provisions
84,897
87,097
--------
--------
Net assets
262
262
--------
--------
Capital and reserves
Called up share capital
262
262
----
----
Shareholders funds
262
262
----
----
These financial statements have been prepared 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'.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 29 July 2024 , and are signed on behalf of the board by:
Mr I Turvey
Director
Company registration number: 03885402
EPMK Management Limited
Notes to the Financial Statements
Year ended 31 December 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 50/60 Station Road, Cambridge, England, CB1 2JH.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
4. Other interest receivable and similar income
2023
2022
£
£
Interest on cash and cash equivalents
3,558
780
-------
----
5. Debtors
2023
2022
£
£
Trade debtors
3,865
10,207
Other debtors
348
741
-------
--------
4,213
10,948
-------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
514
387
Social security and other taxes
386
1,178
Other creditors
23,363
23,538
--------
--------
24,263
25,103
--------
--------
7. Provisions
Sinking Fund
To provide for planned repairs of block paving and street lighting. The opening balance was £87,097, the movement in the year is £2,200 to give a carried forward balance of £84,897.