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Company No: 06008902 (England and Wales)

EPC ENERGY CONSULTANCY LTD
(Formerly EPC Limited)

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

EPC ENERGY CONSULTANCY LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

EPC ENERGY CONSULTANCY LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
EPC ENERGY CONSULTANCY LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 5,510 3,012
5,510 3,012
Current assets
Debtors 5 10,011 2,742
Cash at bank and in hand 4,558 3,767
14,569 6,509
Creditors: amounts falling due within one year 6 ( 26,550) ( 10,868)
Net current liabilities (11,981) (4,359)
Total assets less current liabilities (6,471) (1,347)
Provision for liabilities ( 1,378) ( 753)
Net liabilities ( 7,849) ( 2,100)
Capital and reserves
Called-up share capital 7 3 3
Profit and loss account ( 7,852 ) ( 2,103 )
Total shareholder's deficit ( 7,849) ( 2,100)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of EPC Energy Consultancy Ltd (registered number: 06008902) were approved and authorised for issue by the Board of Directors on 15 November 2024. They were signed on its behalf by:

H J Harrison
Director
EPC ENERGY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
EPC ENERGY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EPC Energy Consultancy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is 23 Tavinor Drive, Pewsham, Chippenham, SN15 3FT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Computer software Total
£ £
Cost
At 01 April 2023 1,200 1,200
At 31 March 2024 1,200 1,200
Accumulated amortisation
At 01 April 2023 1,200 1,200
At 31 March 2024 1,200 1,200
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Plant and machinery Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 April 2023 2,592 8,414 0 11,006
Additions 0 3,366 1,199 4,565
At 31 March 2024 2,592 11,780 1,199 15,571
Accumulated depreciation
At 01 April 2023 2,017 5,977 0 7,994
Charge for the financial year 236 1,831 0 2,067
At 31 March 2024 2,253 7,808 0 10,061
Net book value
At 31 March 2024 339 3,972 1,199 5,510
At 31 March 2023 575 2,437 0 3,012

5. Debtors

2024 2023
£ £
Trade debtors 1,920 2,010
Prepayments 732 732
Corporation tax 7,359 0
10,011 2,742

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,771 1,777
Amounts owed to Group undertakings 8,057 0
Amounts owed to directors 0 1,145
Accruals 1,762 664
Taxation and social security 11,960 7,282
26,550 10,868

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 A Ordinary shares of £ 1.00 each 2 2
1 B Ordinary share of £ 1.00 1 1
3 3

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Paul and Helen Harrison 0 1,145

This is an interest free loan, repayable on demand.