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REGISTERED NUMBER: 08732908 (England and Wales)















EPM SPECIALISTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






EPM SPECIALISTS LIMITED (REGISTERED NUMBER: 08732908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


EPM SPECIALISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: O L Evans





REGISTERED OFFICE: Brook Farm
Wessington Lane
South Wingfield
Derbyshire
DE55 7ND





REGISTERED NUMBER: 08732908 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

EPM SPECIALISTS LIMITED (REGISTERED NUMBER: 08732908)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,196 21,872

CURRENT ASSETS
Debtors 5 22,334 21,020
Cash at bank 18,454 24,330
40,788 45,350
CREDITORS
Amounts falling due within one year 6 12,904 16,023
NET CURRENT ASSETS 27,884 29,327
TOTAL ASSETS LESS CURRENT LIABILITIES 47,080 51,199

PROVISIONS FOR LIABILITIES 4,799 5,468
NET ASSETS 42,281 45,731

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 42,280 45,730
SHAREHOLDERS' FUNDS 42,281 45,731

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

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

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 11 March 2025 and were signed by:





O L Evans - Director


EPM SPECIALISTS LIMITED (REGISTERED NUMBER: 08732908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

EPM Specialists 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 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

EPM SPECIALISTS LIMITED (REGISTERED NUMBER: 08732908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 - 22,995 9,764 32,759
Additions 1,150 - 1,295 2,445
At 31 October 2024 1,150 22,995 11,059 35,204
DEPRECIATION
At 1 November 2023 - 5,749 5,138 10,887
Charge for year 19 4,311 791 5,121
At 31 October 2024 19 10,060 5,929 16,008
NET BOOK VALUE
At 31 October 2024 1,131 12,935 5,130 19,196
At 31 October 2023 - 17,246 4,626 21,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,552 4,548
Other debtors 16,782 16,472
22,334 21,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 598 3,973
Taxation and social security 8,326 8,541
Other creditors 3,980 3,509
12,904 16,023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year the director's loan account was overdrawn by £8,622 (2023: £8,883). During the year the director was charged interest of £222 (2023: £nil), borrowed £46,845 (2023: £38,935) and repaid £39,096 (2023: £39,196) leaving an overdrawn balance of £16,593 at the year end (2023: £8,622).