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REGISTERED NUMBER: 11609822 (England and Wales)















EPS GROUP HOLDINGS LTD

Unaudited Financial Statements for the Year Ended 31 May 2024






EPS GROUP HOLDINGS LTD (REGISTERED NUMBER: 11609822)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

EPS GROUP HOLDINGS LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R P Gallagher
S A Sanders





REGISTERED OFFICE: Unit 2
Woodside Industrial Estate
Pedmore Road
Dudley
West Midlands
DY2 0RL





REGISTERED NUMBER: 11609822 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

EPS GROUP HOLDINGS LTD (REGISTERED NUMBER: 11609822)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,752,925 1,752,925
Investment property 5 161,968 161,968
1,914,893 1,914,893

CURRENT ASSETS
Cash at bank 13,915 17,742

CREDITORS
Amounts falling due within one year 6 1,275,724 1,251,656
NET CURRENT LIABILITIES (1,261,809 ) (1,233,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,084

680,979

CREDITORS
Amounts falling due after more than one
year

7

-

296,901
NET ASSETS 653,084 384,078

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 652,984 383,978
653,084 384,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

EPS GROUP HOLDINGS LTD (REGISTERED NUMBER: 11609822)

Balance Sheet - continued
31 May 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 12 February 2025 and were signed on its behalf by:




S A Sanders - Director



R P Gallagher - Director


EPS GROUP HOLDINGS LTD (REGISTERED NUMBER: 11609822)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

EPS Group Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about EPS Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EPS GROUP HOLDINGS LTD (REGISTERED NUMBER: 11609822)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 1,752,925
NET BOOK VALUE
At 31 May 2024 1,752,925
At 31 May 2023 1,752,925

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 161,968
NET BOOK VALUE
At 31 May 2024 161,968
At 31 May 2023 161,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 209,396 379,391
Amounts owed to group undertakings 846,228 632,165
Other creditors 20,000 40,000
Directors' current accounts 200,100 200,100
1,275,724 1,251,656

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years - 206,901
Other creditors - 90,000
- 296,901

EPS GROUP HOLDINGS LTD (REGISTERED NUMBER: 11609822)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 209,396 586,292

The bank loans are secured by fixed and floating charges over all of the property.

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
EPS Group Holdings Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EPS Group Holdings Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of EPS Group Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EPS Group Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of EPS Group Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EPS Group Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that EPS Group Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EPS Group Holdings Ltd. You consider that EPS Group Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EPS Group Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


17 February 2025