Caseware UK (AP4) 2023.0.135 2023.0.135 22023-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03954521 2023-04-01 2024-03-31 03954521 2022-04-01 2023-03-31 03954521 2024-03-31 03954521 2023-03-31 03954521 c:Director1 2023-04-01 2024-03-31 03954521 d:PlantMachinery 2023-04-01 2024-03-31 03954521 d:PlantMachinery 2024-03-31 03954521 d:PlantMachinery 2023-03-31 03954521 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03954521 d:FurnitureFittings 2023-04-01 2024-03-31 03954521 d:FurnitureFittings 2024-03-31 03954521 d:FurnitureFittings 2023-03-31 03954521 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03954521 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03954521 d:CurrentFinancialInstruments 2024-03-31 03954521 d:CurrentFinancialInstruments 2023-03-31 03954521 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03954521 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03954521 d:ShareCapital 2024-03-31 03954521 d:ShareCapital 2023-03-31 03954521 d:RetainedEarningsAccumulatedLosses 2024-03-31 03954521 d:RetainedEarningsAccumulatedLosses 2023-03-31 03954521 c:FRS102 2023-04-01 2024-03-31 03954521 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03954521 c:FullAccounts 2023-04-01 2024-03-31 03954521 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03954521 2 2023-04-01 2024-03-31 03954521 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03954521










Eplatforms Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Eplatforms Ltd
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Eplatforms Ltd for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eplatforms Ltd for the year ended 31 March 2024 which comprise the Balance Sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Eplatforms Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Eplatforms Ltd and state those matters that we have agreed to state to the Board of Directors of Eplatforms Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eplatforms Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Eplatforms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eplatforms Ltd. You consider that Eplatforms Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Eplatforms Ltd. 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 financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
Date:
29 August 2024
Page 1

 
Eplatforms Ltd
Registered number: 03954521

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,289
701

Current assets
  

Debtors: amounts falling due within one year
 5 
9,336
18,677

Cash at bank and in hand
  
108,137
108,445

  
117,473
127,122

Creditors: amounts falling due within one year
 6 
(105,563)
(110,977)

Net current assets
  
 
 
11,910
 
 
16,145

Total assets less current liabilities
  
13,199
16,846

Provisions for liabilities
  

Deferred tax
 7 
(245)
(133)

Net assets
  
 
 
12,954
 
 
16,713


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
12,953
16,712

  
12,954
16,713


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S R Gibbs
Director
Date: 28 August 2024

Page 2

 
Eplatforms Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The Company is a private company limited by share capital and incorporated in England and Wales.
The address of the registered office is:
9 Donnington Park
85 Birdham Road 
Chichester
West Sussex
PO20 7AJ
The address of the principal place of business is:
Basepoint Business Centre 
Little High Street 
Shoreham-By-Sea 
BN43 5EG

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Page 3

 
Eplatforms Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant and equipment
-
36
months
Fixtures and fittings
-
36
months

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 4

 
Eplatforms Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
Eplatforms Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
Eplatforms Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Plant and equipment
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2023
8,357
2,937
11,294


Additions
1,426
-
1,426


Disposals
(3,080)
(146)
(3,226)



At 31 March 2024

6,703
2,791
9,494



Depreciation


At 1 April 2023
7,668
2,925
10,593


Charge for the year on owned assets
503
12
515


Disposals
(2,757)
(146)
(2,903)



At 31 March 2024

5,414
2,791
8,205



Net book value



At 31 March 2024
1,289
-
1,289



At 31 March 2023
689
12
701


5.


Debtors

2024
2023
£
£


Trade debtors
9,267
18,556

Other debtors
69
121

9,336
18,677



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,982
3,022

Corporation tax
7,216
9,246

Other taxation and social security
5,320
4,790

Other creditors
79,756
79,945

Accruals and deferred income
8,289
13,974

105,563
110,977


Page 7

 
Eplatforms Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

7.


Deferred taxation




2024


£






At beginning of year
(133)


Charged to profit or loss
(112)



At end of year
(245)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(245)
(133)

(245)
(133)


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,400 (2023 - £2,400). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 8