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REGISTERED NUMBER: 07599813 (England and Wales)















DEFINITIVE EPOS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DEFINITIVE EPOS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A N Eckersley
G W Leach





REGISTERED OFFICE: Unit 1a, Liverpool Road
Walmer Bridge
Preston
Lancashire
PR4 5HY





REGISTERED NUMBER: 07599813 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 7,953 13,229

CURRENT ASSETS
Inventories 16,511 19,275
Debtors 5 58,572 54,504
Cash at bank and in hand 194,356 177,012
269,439 250,791
CREDITORS
Amounts falling due within one year 6 (117,571 ) (102,642 )
NET CURRENT ASSETS 151,868 148,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,821

161,378

PROVISIONS FOR LIABILITIES (2,047 ) (1,692 )
NET ASSETS 157,774 159,686

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 157,768 159,680
SHAREHOLDERS' FUNDS 157,774 159,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 20 December 2024 and were signed on its behalf by:





A N Eckersley - Director


DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Definitive Epos Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07599813 and registered office address is Unit 1a, Liverpool Road, Walmer Bridge, Preston, Lancashire, PR4 5HY.

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.

The directors believe that as the company continues to trade profitably and has sufficient cash reserves to pay debts as they fall due, they continue to adopt a going concern basis of accounting in preparing these financial statements.

Revenue
Revenue represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Service revenue is recognised as those services are provided to customers. Sale of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivables is fairly stated.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

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

Cost is based on purchase price. Net realisable value is based on estimated selling price, less further costs expected to be incurred to completion and disposal.

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 statement of financial position date.


DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the income statement in the period to which they relate.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Critical accounting estimates and judgements
There are no estimates or judgements that the directors consider to be critical.

Leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 23,277
Additions 2,362
Disposals (5,600 )
At 30 April 2024 20,039
DEPRECIATION
At 1 May 2023 10,048
Charge for year 3,263
Eliminated on disposal (1,225 )
At 30 April 2024 12,086
NET BOOK VALUE
At 30 April 2024 7,953
At 30 April 2023 13,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,903 44,715
Other debtors 37,669 9,789
58,572 54,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,282 17,013
Taxation and social security 42,987 46,332
Other creditors 59,302 39,297
117,571 102,642

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,387 14,865
Between one and five years 13,533 23,501
23,920 38,366

DEFINITIVE EPOS SOLUTIONS LIMITED (REGISTERED NUMBER: 07599813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is an amount of £30,000 owed by J Dalton. This amount is unsecured, interest free and repayable upon demand.