Registered number
11290536
Epg Live Limited
Filleted Accounts
30 April 2024
Epg Live Limited
Registered number: 11290536
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 112,966 167,286
Current assets
Debtors 4 76,304 118,721
Cash at bank and in hand - 5,396
76,304 124,117
Creditors: amounts falling due within one year 5 (48,019) (61,418)
Net current assets 28,285 62,699
Total assets less current liabilities 141,251 229,985
Creditors: amounts falling due after more than one year 6 (138,226) (189,521)
Net assets 3,025 40,464
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,925 40,364
Shareholder's funds 3,025 40,464
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Pearce
Director
Approved by the board on 27 January 2025
Epg Live Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15-50% Straight Line
Motor vehicles 15-33% Straight Line
Fixtures and fittings 20% Straight Line
Computer equipment 33-50% Straight Line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 314,281 54,292 368,573
Additions 19,526 - 19,526
Disposals (3,062) - (3,062)
At 30 April 2024 330,745 54,292 385,037
Depreciation
At 1 May 2023 180,959 20,328 201,287
Charge for the year 60,377 13,268 73,645
On disposals (2,861) - (2,861)
At 30 April 2024 238,475 33,596 272,071
Net book value
At 30 April 2024 92,270 20,696 112,966
At 30 April 2023 133,322 33,964 167,286
4 Debtors 2024 2023
£ £
Trade debtors 28,514 63,423
Deferred tax asset 47,790 55,298
76,304 118,721
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,436 11,930
Taxation and social security costs 8,322 17,537
Other creditors 9,261 31,951
48,019 61,418
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,683 24,203
Other creditors 124,543 165,318
138,226 189,521
7 Other information
Epg Live Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Bardley Crescent
Tarbock Green
Liverpool
L35 1RJ
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