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Company Registration No. 12525727 (England and Wales)
EEP Filters Limited Unaudited accounts for the year ended 30 June 2024
EEP Filters Limited Unaudited accounts Contents
Page
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EEP Filters Limited Company Information for the year ended 30 June 2024
Directors
Timothy Hedges Ian King James Derby
Secretary
Timothy Hedges
Company Number
12525727 (England and Wales)
Registered Office
Unit 8 Saffron Business Centre Elizabeth Close Saffron Walden Essex CB10 2NL United Kingdom
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EEP Filters Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,241 
5,782 
Current assets
Inventories
38,444 
34,441 
Debtors
19,819 
20,426 
Cash at bank and in hand
72,952 
5,529 
131,215 
60,396 
Creditors: amounts falling due within one year
(150,314)
(82,447)
Net current liabilities
(19,099)
(22,051)
Net liabilities
(15,858)
(16,269)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,958)
(16,369)
Shareholders' funds
(15,858)
(16,269)
For the year ending 30 June 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
Timothy Hedges Director Company Registration No. 12525727
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EEP Filters Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
EEP Filters Limited is a private company, limited by shares, registered in England and Wales, registration number 12525727. The registered office is Unit 8 Saffron Business Centre, Elizabeth Close, Saffron Walden, Essex, CB10 2NL, United Kingdom.
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:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
9,310 
1,852 
1,543 
12,705 
At 30 June 2024
9,310 
1,852 
1,543 
12,705 
Depreciation
At 1 July 2023
5,517 
988 
418 
6,923 
Charge for the year
1,862 
370 
309 
2,541 
At 30 June 2024
7,379 
1,358 
727 
9,464 
Net book value
At 30 June 2024
1,931 
494 
816 
3,241 
At 30 June 2023
3,793 
864 
1,125 
5,782 
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EEP Filters Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,868 
Trade debtors
14,572 
960 
Accrued income and prepayments
5,247 
15,598 
19,819 
20,426 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,951 
11,227 
VAT
22,479 
- 
Trade creditors
32,443 
19,674 
Taxes and social security
1,263 
1,251 
Loans from directors
- 
48,500 
Accruals
1,498 
1,795 
Deferred income
89,680 
- 
150,314 
82,447 
7
Transactions with related parties
The following amounts were outstanding at the reporting end date to related parties: Key management personnel 2024 £Nil 2022 £48,500 Mr I King and Mr T Hedges, both directors of this company, provided interest bearing loans to the company payable at 10% per annum on the monthly balance outstanding. The loans were repaid in full during the year. During the year transactions were undertaken with European EMC Products Limited a company in which Messrs King and Hedges hold 90% of the issued share capital. Sales of filters were made totalling £311,511 (2023 £286,324). The balance owed by European EMC Products Limited at the year end was £12,652 (2023 £Nil).
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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