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REGISTERED NUMBER: 01576611 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

E. P. Training Services Limited

E. P. Training Services Limited (Registered number: 01576611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E. P. Training Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S W Pargeter





SECRETARY: S W Pargeter





REGISTERED OFFICE: The Old Library, Lower Shott
Leatherhead Road
Great Bookham
Leatherhead
Surrey
KT23 4LR





REGISTERED NUMBER: 01576611 (England and Wales)





ACCOUNTANTS: Bennewith 2018 Limited
t/a A J Bennewith & Co
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA

E. P. Training Services Limited (Registered number: 01576611)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,111 24,444
Tangible assets 5 813,566 877,001
824,677 901,445

CURRENT ASSETS
Debtors 6 306,110 391,773
Cash at bank and in hand 213,724 132,233
519,834 524,006
CREDITORS
Amounts falling due within one year 7 319,462 344,792
NET CURRENT ASSETS 200,372 179,214
TOTAL ASSETS LESS CURRENT LIABILITIES 1,025,049 1,080,659

CREDITORS
Amounts falling due after more than one year 8 (122,866 ) (222,447 )

PROVISIONS FOR LIABILITIES (151,819 ) (166,137 )
NET ASSETS 750,364 692,075

CAPITAL AND RESERVES
Called up share capital 105 105
Revaluation reserve 10 321,301 321,301
Capital redemption reserve 20 20
Retained earnings 428,938 370,649
SHAREHOLDERS' FUNDS 750,364 692,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

E. P. Training Services Limited (Registered number: 01576611)

Balance Sheet - continued
31 July 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 director and authorised for issue on 17 March 2025 and were signed by:





S W Pargeter - Director


E. P. Training Services Limited (Registered number: 01576611)

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

1. STATUTORY INFORMATION

E. P. Training Services Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of freehold property.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets represent the cost of a website and database. Amortisation is provided in order to write off the cost of the asset over its estimated useful life at an annual rate of 33% on cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Plant and equipment - 33% on cost and 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Freehold land and buildings are not depreciated. The director considers that the useful economic life of these assets is so long that any depreciation charge would have no material impact on the truth and fairness of the accounts. Impairment reviews are carried out periodically on these assets.

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.

E. P. Training Services Limited (Registered number: 01576611)

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

2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 58,500
AMORTISATION
At 1 August 2023 34,056
Charge for year 13,333
At 31 July 2024 47,389
NET BOOK VALUE
At 31 July 2024 11,111
At 31 July 2023 24,444

E. P. Training Services Limited (Registered number: 01576611)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property equipment fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 550,000 45,610 88,358 732,681 1,416,649
Additions - 3,492 862 59,298 63,652
Disposals - - - (177,475 ) (177,475 )
At 31 July 2024 550,000 49,102 89,220 614,504 1,302,826
DEPRECIATION
At 1 August 2023 - 39,688 83,385 416,575 539,648
Charge for year - 3,057 1,759 94,551 99,367
Eliminated on disposal - - - (149,755 ) (149,755 )
At 31 July 2024 - 42,745 85,144 361,371 489,260
NET BOOK VALUE
At 31 July 2024 550,000 6,357 4,076 253,133 813,566
At 31 July 2023 550,000 5,922 4,973 316,106 877,001

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property equipment fittings vehicles Totals
£    £    £    £    £   
Valuation in 1995 85,646 - - - 85,646
Valuation in 2022 342,755 - - - 342,755
Cost 121,599 49,102 89,220 614,504 874,425
550,000 49,102 89,220 614,504 1,302,826

If the freehold property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 121,599 121,599

Freehold land and buildings were valued on an open market basis basis on 31 July 2022 by the director .

E. P. Training Services Limited (Registered number: 01576611)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 231,315 331,858
Other debtors 74,795 59,915
306,110 391,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 37,996 42,253
Hire purchase contracts 10,880 25,880
Trade creditors 41,805 66,359
Taxation and social security 124,844 87,876
Other creditors 103,937 122,424
319,462 344,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 102,013 190,714
Hire purchase contracts 20,853 31,733
122,866 222,447

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 33,475

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loan 114,315 197,427

The bank loan is secured by a fixed charge over the freehold property, its fixtures and fittings and any plant and equipment at the property.

E. P. Training Services Limited (Registered number: 01576611)

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

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 321,301

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S W Pargeter
Balance outstanding at start of year - 40,376
Amounts repaid - (40,000 )
Amounts written off - (376 )
Amounts waived - -
Balance outstanding at end of year - -