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REGISTERED NUMBER: 10034605 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EPIC BULLYZ LIMITED

EPIC BULLYZ LIMITED (REGISTERED NUMBER: 10034605)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPIC BULLYZ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I S Dhillon
Mrs P K Dhillon





REGISTERED OFFICE: Potters Farm
Illey Lane
Illey
Birmingham
West Midlands
B62 0HJ





REGISTERED NUMBER: 10034605 (England and Wales)

EPIC BULLYZ LIMITED (REGISTERED NUMBER: 10034605)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,707 57,685

CURRENT ASSETS
Stocks 5 252,758 263,957
Cash at bank and in hand 64,357 34,290
317,115 298,247
CREDITORS
Amounts falling due within one year 6 475,109 429,880
NET CURRENT LIABILITIES (157,994 ) (131,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(106,287

)

(73,948

)

CREDITORS
Amounts falling due after more than one
year

7

28,271

38,091
NET LIABILITIES (134,558 ) (112,039 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (135,558 ) (113,039 )
SHAREHOLDERS' FUNDS (134,558 ) (112,039 )

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

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

EPIC BULLYZ LIMITED (REGISTERED NUMBER: 10034605)

BALANCE SHEET - continued
31 MARCH 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 16 December 2024 and were signed on its behalf by:





I S Dhillon - Director


EPIC BULLYZ LIMITED (REGISTERED NUMBER: 10034605)

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

1. STATUTORY INFORMATION

Epic Bullyz 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

EPIC BULLYZ LIMITED (REGISTERED NUMBER: 10034605)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 55,645 32,946 7,075 95,666
Additions 2,854 - - 2,854
At 31 March 2024 58,499 32,946 7,075 98,520
DEPRECIATION
At 1 April 2023 17,472 16,394 4,115 37,981
Charge for year 4,102 4,138 592 8,832
At 31 March 2024 21,574 20,532 4,707 46,813
NET BOOK VALUE
At 31 March 2024 36,925 12,414 2,368 51,707
At 31 March 2023 38,173 16,552 2,960 57,685

5. STOCKS
31/3/24 31/3/23
£    £   
Stocks 252,758 263,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 323 4,869
Social security and other taxes 1,136 1,397
VAT 9,565 8,876
Other creditors 233,688 233,688
Inter company 228,722 10,092
Wages Control Account - 4,433
Directors' current accounts - 165,175
Accrued expenses 1,675 1,350
475,109 429,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 8) 28,271 38,091

EPIC BULLYZ LIMITED (REGISTERED NUMBER: 10034605)

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

8. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 28,271 38,091

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 April 2023 (113,039 )
Deficit for the year (22,519 )
At 31 March 2024 (135,558 )