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Company Registration No. 03184751 (England and Wales)
Electronic Power Systems Limited Unaudited accounts for the year ended 30 April 2024
Electronic Power Systems Limited Unaudited accounts Contents
Page
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Electronic Power Systems Limited Company Information for the year ended 30 April 2024
Directors
Ian Craythorne Guy D'Arcy Evans Christopher Paul Riley Sean Paul O'Sullivan
Company Number
03184751 (England and Wales)
Registered Office
7 Spillbutters Doddinghurst Brentwood Essex CM150LT United Kingdom
Accountants
Aces Accounts and Taxation Ltd 195 High Street Chipping Ongar Essex CM5 9JG
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Electronic Power Systems Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
124,736 
105,732 
Current assets
Debtors
399,902 
442,429 
Cash at bank and in hand
665,660 
168,547 
1,065,562 
610,976 
Creditors: amounts falling due within one year
(335,145)
(261,414)
Net current assets
730,417 
349,562 
Total assets less current liabilities
855,153 
455,294 
Provisions for liabilities
Deferred tax
(27,514)
(18,636)
Net assets
827,639 
436,658 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
827,539 
436,558 
Shareholders' funds
827,639 
436,658 
For the year ending 30 April 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 2 December 2024 and were signed on its behalf by
Ian Craythorne Director Company Registration No. 03184751
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Electronic Power Systems Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Electronic Power Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 03184751. The registered office is 7 Spillbutters, Doddinghurst, Brentwood, Essex, CM150LT, 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
25% reducing
Motor vehicles
25% reducing
Fixtures & fittings
25% reducing
Computer equipment
25% reducing
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
7,397 
192,044 
69,787 
5,604 
2,662 
277,494 
Additions
- 
10,319 
30,836 
- 
4,422 
45,577 
At 30 April 2024
7,397 
202,363 
100,623 
5,604 
7,084 
323,071 
Depreciation
At 1 May 2023
- 
145,927 
19,793 
6,042 
- 
171,762 
Charge for the year
148 
13,112 
13,128 
(1,731)
1,916 
26,573 
At 30 April 2024
148 
159,039 
32,921 
4,311 
1,916 
198,335 
Net book value
At 30 April 2024
7,249 
43,324 
67,702 
1,293 
5,168 
124,736 
At 30 April 2023
7,397 
46,117 
49,994 
(438)
2,662 
105,732 
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Electronic Power Systems Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
52,207 
1,570 
Trade debtors
395,211 
144,001 
Accrued income and prepayments
(47,516)
235,703 
Other debtors
- 
61,155 
399,902 
442,429 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
5,255 
Trade creditors
92,151 
36,121 
Taxes and social security
203,514 
153,582 
Loans from directors
39,480 
66,456 
335,145 
261,414 
7
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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