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REGISTERED NUMBER: 10497519 (England and Wales)















EPC Improvements Ltd

Unaudited Financial Statements For The Year Ended 31 May 2024






EPC Improvements Ltd (Registered number: 10497519)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPC Improvements Ltd

Company Information
For The Year Ended 31 May 2024







DIRECTORS: DH Hibberd
CM McAllister





REGISTERED OFFICE: 15-17 Russell Way
Chelmsford
Essex
CM1 3AA





REGISTERED NUMBER: 10497519 (England and Wales)

EPC Improvements Ltd (Registered number: 10497519)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,460 -
Tangible assets 5 130,342 122,872
140,802 122,872

CURRENT ASSETS
Stocks 74,193 74,450
Debtors 6 390,351 231,019
Cash at bank 686,976 546,243
1,151,520 851,712
CREDITORS
Amounts falling due within one year 7 (809,813 ) (651,281 )
NET CURRENT ASSETS 341,707 200,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,509

323,303

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 482,507 323,301
482,509 323,303

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

EPC Improvements Ltd (Registered number: 10497519)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





DH Hibberd - Director


EPC Improvements Ltd (Registered number: 10497519)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

EPC Improvements Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. 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 at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 other future taxable profits.

EPC Improvements Ltd (Registered number: 10497519)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 10,460
At 31 May 2024 10,460
NET BOOK VALUE
At 31 May 2024 10,460

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,798 13,291 126,995 7,360 150,444
Additions - - 33,764 2,009 35,773
At 31 May 2024 2,798 13,291 160,759 9,369 186,217
DEPRECIATION
At 1 June 2023 1,054 6,061 15,481 4,976 27,572
Charge for year 436 1,808 24,521 1,538 28,303
At 31 May 2024 1,490 7,869 40,002 6,514 55,875
NET BOOK VALUE
At 31 May 2024 1,308 5,422 120,757 2,855 130,342
At 31 May 2023 1,744 7,230 111,514 2,384 122,872

EPC Improvements Ltd (Registered number: 10497519)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,131 144,539
Other debtors 400 10,000
Deferred WIP costs 165,653 -
Directors' current accounts 45,074 48
VAT 48,605 73,599
Prepayments 15,488 2,833
390,351 231,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 86,527 130,561
Tax 92,615 34,418
Social security and other taxes 15,670 24,063
Other creditors 42,914 32,494
Directors' current accounts 29,268 21,600
Deferred WIP income 468,115 389,176
Accrued expenses 74,704 18,969
809,813 651,281

8. RELATED PARTY DISCLOSURES

At the year-end, the director's account shows a debit balance of £15,806 (2023: credit balance of £21,552).