IRIS Accounts Production v24.2.0.383 07583498 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 9068 35400 26191 62738 11400 89070 23859 9068 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075834982023-03-31075834982024-03-31075834982023-04-012024-03-31075834982022-03-31075834982022-04-012023-03-31075834982023-03-3107583498ns15:EnglandWales2023-04-012024-03-3107583498ns14:PoundSterling2023-04-012024-03-3107583498ns10:Director12023-04-012024-03-3107583498ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107583498ns10:SmallEntities2023-04-012024-03-3107583498ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107583498ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107583498ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107583498ns10:FullAccounts2023-04-012024-03-310758349812023-04-012024-03-3107583498ns10:OrdinaryShareClass12023-04-012024-03-310758349842ns10:Director22023-03-310758349842ns10:Director22022-03-310758349842ns10:Director22023-04-012024-03-310758349842ns10:Director22022-04-012023-03-310758349842ns10:Director22024-03-310758349842ns10:Director22023-03-3107583498ns10:Director22023-04-012024-03-3107583498ns10:CompanySecretary12023-04-012024-03-3107583498ns10:RegisteredOffice2023-04-012024-03-3107583498ns5:CurrentFinancialInstruments2024-03-3107583498ns5:CurrentFinancialInstruments2023-03-3107583498ns5:ShareCapital2024-03-3107583498ns5:ShareCapital2023-03-3107583498ns5:RetainedEarningsAccumulatedLosses2024-03-3107583498ns5:RetainedEarningsAccumulatedLosses2023-03-3107583498ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107583498ns5:PlantMachinery2023-04-012024-03-3107583498ns5:MotorVehicles2023-04-012024-03-3107583498ns5:ComputerEquipment2023-04-012024-03-3107583498ns5:NetGoodwill2023-03-3107583498ns5:NetGoodwill2024-03-3107583498ns5:NetGoodwill2023-03-3107583498ns5:PlantMachinery2023-03-3107583498ns5:MotorVehicles2023-03-3107583498ns5:ComputerEquipment2023-03-3107583498ns5:PlantMachinery2024-03-3107583498ns5:MotorVehicles2024-03-3107583498ns5:ComputerEquipment2024-03-3107583498ns5:PlantMachinery2023-03-3107583498ns5:MotorVehicles2023-03-3107583498ns5:ComputerEquipment2023-03-3107583498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107583498ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107583498ns10:OrdinaryShareClass12024-03-31075834981ns10:Director12023-03-31075834981ns10:Director12022-03-31075834981ns10:Director12023-04-012024-03-31075834981ns10:Director12022-04-012023-03-31075834981ns10:Director12024-03-31075834981ns10:Director12023-03-31
REGISTERED NUMBER: 07583498 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

EPSTON LIMITED

EPSTON LIMITED (REGISTERED NUMBER: 07583498)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EPSTON LIMITED

Company Information
for the year ended 31 March 2024







Directors: Mr M P Epston
Mrs H M Epston





Secretary: Mrs H M Epston





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07583498 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

EPSTON LIMITED (REGISTERED NUMBER: 07583498)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 20,407 15,626
20,407 15,626

Current assets
Stocks and work in progress 3,500 3,500
Debtors 6 29,047 12,616
Cash at bank 154,059 151,673
186,606 167,789
Creditors
Amounts falling due within one year 7 23,344 25,850
Net current assets 163,262 141,939
Total assets less current liabilities 183,669 157,565

Provisions for liabilities 5,102 2,969
Net assets 178,567 154,596

Capital and reserves
Called up share capital 8 100 100
Retained earnings 178,467 154,496
Shareholders' funds 178,567 154,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:



Mr M P Epston - Director


EPSTON LIMITED (REGISTERED NUMBER: 07583498)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Epston Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

Turnover
The turnover represents the net services and goods invoiced, excluding value added tax.

The company recognises turnover in the same period within which the goods and services are provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the sale price of the services completed at the balance sheet date,

EPSTON LIMITED (REGISTERED NUMBER: 07583498)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 10,000
Amortisation
At 1 April 2023
and 31 March 2024 10,000
Net book value
At 31 March 2024 -
At 31 March 2023 -

EPSTON LIMITED (REGISTERED NUMBER: 07583498)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 500 37,737 - 38,237
Additions - 11,500 654 12,154
Disposals - (6,700 ) - (6,700 )
At 31 March 2024 500 42,537 654 43,691
Depreciation
At 1 April 2023 484 22,127 - 22,611
Charge for year 4 6,653 218 6,875
Eliminated on disposal - (6,202 ) - (6,202 )
At 31 March 2024 488 22,578 218 23,284
Net book value
At 31 March 2024 12 19,959 436 20,407
At 31 March 2023 16 15,610 - 15,626

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 2,096
Other debtors 29,047 10,520
29,047 12,616

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 210 -
Taxation and social security 13,146 19,702
Other creditors 9,988 6,148
23,344 25,850

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

EPSTON LIMITED (REGISTERED NUMBER: 07583498)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr M P Epston and Mrs H M Epston
Balance outstanding at start of year 9,068 35,400
Amounts advanced 26,191 62,738
Amounts repaid (11,400 ) (89,070 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,859 9,068

Amounts advanced to the directors have interest charged at 2.5% and are repayable upon demand.