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Company Registration No. 07697537 (England and Wales)
Epml Limited Unaudited accounts for the year ended 31 March 2024
Epml Limited Unaudited accounts Contents
Page
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Epml Limited Company Information for the year ended 31 March 2024
Directors
Anthony Caroleo Dominic Boyle
Company Number
07697537 (England and Wales)
Registered Office
Unit 3 No 2 Thayers Farm Road Beckenham BR3 4LZ England
Accountants
Clarity Accounting (Scotland) Ltd 234 West George Street Glasgow G2 4QY
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Epml Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,301 
5,376 
Current assets
Inventories
6,000 
5,000 
Debtors
218,043 
294,372 
Cash at bank and in hand
31,589 
40,984 
255,632 
340,356 
Creditors: amounts falling due within one year
(280,519)
(231,718)
Net current (liabilities)/assets
(24,887)
108,638 
Total assets less current liabilities
(20,586)
114,014 
Creditors: amounts falling due after more than one year
(61,817)
(71,690)
Net (liabilities)/assets
(82,403)
42,324 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(82,405)
42,322 
Shareholders' funds
(82,403)
42,324 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Anthony Caroleo Director Company Registration No. 07697537
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Epml Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Epml Limited is a private company, limited by shares, registered in England and Wales, registration number 07697537. The registered office is Unit 3 No 2 Thayers Farm Road, Beckenham, BR3 4LZ, 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.
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.
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:
Plant & machinery
20% on Cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Epml Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
18,230 
At 31 March 2024
18,230 
Depreciation
At 1 April 2023
12,854 
Charge for the year
1,075 
At 31 March 2024
13,929 
Net book value
At 31 March 2024
4,301 
At 31 March 2023
5,376 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
207,992 
288,458 
Accrued income and prepayments
4,390 
1,539 
Other debtors
5,661 
4,375 
218,043 
294,372 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,466 
16,527 
VAT
17,041 
51,951 
Trade creditors
82,914 
107,574 
Taxes and social security
91,385 
32,915 
Other creditors
166,561 
9,640 
Loans from directors
(87,848)
5,711 
Accruals
- 
7,400 
280,519 
231,718 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,257 
33,583 
Obligations under finance leases and hire purchase contracts
- 
38,107 
Other creditors
27,560 
- 
61,817 
71,690 
8
Average number of employees
During the year the average number of employees was 16 (2023: 7).
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