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REGISTERED NUMBER: 09351501 (England and Wales)



















EPIC FOODS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






EPIC FOODS LIMITED (REGISTERED NUMBER: 09351501)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPIC FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: H J Pau





REGISTERED OFFICE: C J House
99a Cobbold Road
Willesden
London
NW10 9SL





REGISTERED NUMBER: 09351501 (England and Wales)





ACCOUNTANTS: C. Jay & Co.
Chartered Certified Accountants
CJ House
99A Cobbold Road
London
NW10 9SL

EPIC FOODS LIMITED (REGISTERED NUMBER: 09351501)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 10,223 13,632

CURRENT ASSETS
Stocks 58,251 98,224
Debtors 5 114,395 72,928
Cash at bank and in hand 103,798 60,638
276,444 231,790
CREDITORS
Amounts falling due within one year 6 202,205 159,266
NET CURRENT ASSETS 74,239 72,524
TOTAL ASSETS LESS CURRENT LIABILITIES 84,462 86,156

CREDITORS
Amounts falling due after more than one
year

7

41,066

39,964
NET ASSETS 43,396 46,192

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,296 46,092
SHAREHOLDERS' FUNDS 43,396 46,192

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

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

The director acknowledges his 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.

EPIC FOODS LIMITED (REGISTERED NUMBER: 09351501)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 25 October 2024 and were signed by:





H J Pau - Director


EPIC FOODS LIMITED (REGISTERED NUMBER: 09351501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Epic Foods 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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 3 (2023 - NIL ) .

EPIC FOODS LIMITED (REGISTERED NUMBER: 09351501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023
and 31 January 2024 33,144
DEPRECIATION
At 1 February 2023 19,512
Charge for year 3,409
At 31 January 2024 22,921
NET BOOK VALUE
At 31 January 2024 10,223
At 31 January 2023 13,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 107,462 72,928
Other debtors 6,933 -
114,395 72,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 6,618
Trade creditors 18,476 7,167
Taxation and social security 7,440 7,184
Other creditors 176,289 138,297
202,205 159,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 41,066 39,964