2023-04-01 09828084 2024-03-31 09828084 2023-04-01 2024-03-31 09828084 2023-03-31 09828084 2022-04-01 2023-03-31 09828084 uk-core:WithinOneYear 2023-03-31 09828084 uk-core:WithinOneYear 2024-03-31 09828084 uk-core:AfterOneYear 2023-03-31 09828084 uk-core:AfterOneYear 2024-03-31 09828084 uk-core:ShareCapital 2024-03-31 09828084 uk-core:ShareCapital 2023-03-31 09828084 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09828084 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09828084 uk-bus:Director1 2023-04-01 2024-03-31 09828084 uk-core:PlantMachinery 2023-04-01 2024-03-31 09828084 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 09828084 uk-core:FurnitureFittings 2023-04-01 2024-03-31 09828084 uk-core:FurnitureFittings 2023-03-31 09828084 uk-core:CommercialMotorVehicles 2023-03-31 09828084 uk-core:PlantMachinery 2023-03-31 09828084 uk-core:PlantMachinery 2024-03-31 09828084 uk-core:CommercialMotorVehicles 2024-03-31 09828084 uk-core:FurnitureFittings 2024-03-31 09828084 uk-core:WithinOneYear 2024-03-31 09828084 uk-core:WithinOneYear 2023-03-31 09828084 uk-core:AfterOneYear uk-core:Secured 2024-03-31 09828084 uk-core:AfterOneYear uk-core:Secured 2023-03-31 09828084 uk-core:BetweenTwoFiveYears 2023-03-31 09828084 uk-core:BetweenTwoFiveYears 2024-03-31 iso4217:GBP xbrli:pure 09828084 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09828084 uk-bus:FRS102 2023-04-01 2024-03-31 09828084 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 09828084 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
EPG Installations Limited
Registered Number:09828084
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
EPG Installations Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09828084
As at 31 March 2024
EPG Installations Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
37,943
7,277
2
37,943
7,277
Current assets
Inventories
7,564
11,832
3
Trade and other receivables
25,957
28,512
4
29,235
Cash and cash equivalents
15,622
55,966
62,756
Trade and other payables: amounts falling due within one
year
(27,391)
(25,119)
5
35,365
30,847
Net current assets
Total assets less current liabilities
68,790
42,642
Trade and other payables: amounts falling due after more
than one year
(22,777)
(19,471)
6
(7,208)
(808)
Provisions for liabilities
42,111
Net assets
19,057
Capital and reserves
Called up share capital
100
100
Retained earnings
42,011
18,957
42,111
19,057
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Paul Hogg Director
These financial statements were approved and authorised for issue by the Board on 20 September 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
EPG Installations Limited
Notes to the Financial Statements
Statutory Information
EPG Installations Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09828084.
Registered address:
69 Clowne Road
Stanfree
Chesterfield
S44 6AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15 Reducing balance
25 Reducing balance
Motor Vehicles
15 Reducing balance
Furniture and Fittings
Inventories
Stocks, which compromise lagging, pipework and ancillary fittings, are valued at purchase cost. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Taxation
Taxation for the year comprises current and deferred tax where necessary. Tax is recognised in the Income
Statement, 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, when there are profits chargeable to corporation tax, at the amount of tax payable using
the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2 of 4
5
For the year ended 31 March 2024
EPG Installations Limited
Notes to the Financial Statements Continued
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price.
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative
expenses.
Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the
asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
26,321
1,502
19,350
5,469
35,724
-
15,784
19,940
Additions
-
(17,500)
-
Disposals
(17,500)
At 31 March 2024
25,409
17,634
1,502
44,545
Provision for depreciation and impairment
At 01 April 2023
19,044
680
15,499
2,865
Charge for year
2,491
123
1,619
749
(14,933)
-
(14,933)
-
On disposal
At 31 March 2024
6,602
803
2,185
3,614
At 31 March 2024
Net book value
21,795
15,449
699
37,943
At 31 March 2023
2,604
3,851
822
7,277
3. Inventories
2023
2024
£
£
Stocks
11,832
7,564
Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up at the year end.Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
3 of 4
6
For the year ended 31 March 2024
EPG Installations Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
27,942
25,600
Other debtors
570
357
25,957
28,512
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,200
3,250
Trade creditors
9,125
15,259
Taxation and social security
8,835
7,192
Other creditors
3,959
1,690
25,119
27,391
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
19,471
22,777
7. Guarantees and other financial commitments
Lease commitments
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2023
£
2024
£
Operating leases which expire:
4,472
4,472
Within 1 year
17,142
12,670
Within 2 to 5 years
17,142
21,614
8. Average number of persons employed
During the year the average number of employees was 3 (2023 : 2)
4 of 4