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Company Registration No. 7241010 (England and Wales)
Eipsys Limited Unaudited accounts for the year ended 30 April 2024
Eipsys Limited Unaudited accounts Contents
Page
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Eipsys Limited Company Information for the year ended 30 April 2024
Director
Heidi Meader
Company Number
7241010 (England and Wales)
Registered Office
60 Shalford Road Rayne Braintree Essex CM77 6BY England
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Eipsys Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
738 
1,604 
Current assets
Debtors
155,314 
113,349 
Cash at bank and in hand
288,367 
229,393 
443,681 
342,742 
Creditors: amounts falling due within one year
(321,295)
(245,320)
Net current assets
122,386 
97,422 
Total assets less current liabilities
123,124 
99,026 
Creditors: amounts falling due after more than one year
(16,672)
(26,420)
Net assets
106,452 
72,606 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
106,450 
72,604 
Shareholders' funds
106,452 
72,606 
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 director acknowledges her 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 and authorised for issue on 16 January 2024 and were signed on its behalf by
Heidi Meader Director Company Registration No. 7241010
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Eipsys Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Eipsys Limited is a private company, limited by shares, registered in England and Wales, registration number 7241010. The registered office is 60 Shalford Road, Rayne, Braintree, Essex, CM77 6BY, England.
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:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
3,979 
9,581 
13,560 
Additions
- 
2,039 
2,039 
At 30 April 2024
3,979 
11,620 
15,599 
Depreciation
At 1 May 2023
3,979 
7,977 
11,956 
Charge for the year
- 
2,905 
2,905 
At 30 April 2024
3,979 
10,882 
14,861 
Net book value
At 30 April 2024
- 
738 
738 
At 30 April 2023
- 
1,604 
1,604 
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Eipsys Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
153,523 
111,558 
Other debtors
1,791 
1,791 
155,314 
113,349 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,720 
10,977 
Trade creditors
21,015 
25,771 
Taxes and social security
62,984 
45,780 
Other creditors
4,483 
- 
Loans from directors
56,741 
52,440 
Accruals
165,352 
110,352 
321,295 
245,320 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,672 
26,420 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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