Company registration number 05739023 (England and Wales)
EP INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EP INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
EP INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,606
3,098
Current assets
Debtors
4
486,860
464,480
Cash at bank and in hand
551,094
935,771
1,037,954
1,400,251
Creditors: amounts falling due within one year
5
(924,560)
(1,302,871)
Net current assets
113,394
97,380
Net assets
118,000
100,478
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
117,900
100,378
Total equity
118,000
100,478

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 10 April 2025
C Ybarra Castano
Director
Company Registration No. 05739023
EP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

EP International Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hurstwood Court, New Hall Hey Road, Rossendale, Lancashire, United Kingdom, BB4 6HR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

Presentational currency

 

The company's presentational currency is British Pounds (GBP), denominated by the symbol "£".

 

The company's financial information has been prepared in Euro's (EUR) and then translated into GBP using the procedures outlined below:

 

Assets and liabilities were translated into GBP as at 31 December 2024 using the closing exchange rate (1GBP=1.20969EUR).

 

Trading results were translated into GBP at the average rate in the accounting period.

 

Differences arising from translating assets and liabilities and trading results at different exchange rates are recognised within other comprehensive income.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33.3% - 75% straight line basis
Computers
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

EP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors that are classified as debt, are recognised at transaction price.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

EP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
EP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2024
25,051
-
0
25,051
Additions
108
3,458
3,566
Exchange adjustments
(1,165)
-
0
(1,165)
At 31 December 2024
23,994
3,458
27,452
Depreciation and impairment
At 1 January 2024
21,953
-
0
21,953
Depreciation charged in the year
1,955
-
0
1,955
Exchange adjustments
(1,062)
-
0
(1,062)
At 31 December 2024
22,846
-
0
22,846
Carrying amount
At 31 December 2024
1,148
3,458
4,606
At 31 December 2023
3,098
-
0
3,098
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
89,492
414,748
Amounts owed by group undertakings
389,535
-
0
Other debtors
7,833
49,732
486,860
464,480
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
547,973
441,437
Amounts owed to group undertakings
-
0
292,066
Taxation and social security
8,174
9,621
Other creditors
368,413
559,747
924,560
1,302,871
EP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Control

The company is controlled by its parent company EP Bitumen FZC, a company incorporated in the United Arab Emirates.

 

The ultimate controlling party is Ms C Ybarro Castano by virtue of her majority shareholding in EP Bitumen FZC.

2024-12-312024-01-01falsefalsefalse10 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityC Ybarra Castano057390232024-01-012024-12-31057390232024-12-31057390232023-12-3105739023core:FurnitureFittings2024-12-3105739023core:ComputerEquipment2024-12-3105739023core:FurnitureFittings2023-12-3105739023core:ComputerEquipment2023-12-3105739023core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3105739023core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3105739023core:CurrentFinancialInstruments2024-12-3105739023core:CurrentFinancialInstruments2023-12-3105739023core:ShareCapital2024-12-3105739023core:ShareCapital2023-12-3105739023core:RetainedEarningsAccumulatedLosses2024-12-3105739023core:RetainedEarningsAccumulatedLosses2023-12-3105739023bus:Director12024-01-012024-12-3105739023core:FurnitureFittings2024-01-012024-12-3105739023core:ComputerEquipment2024-01-012024-12-31057390232023-01-012023-12-3105739023core:FurnitureFittings2023-12-3105739023core:ComputerEquipment2023-12-31057390232023-12-3105739023core:WithinOneYear2024-12-3105739023core:WithinOneYear2023-12-3105739023bus:PrivateLimitedCompanyLtd2024-01-012024-12-3105739023bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105739023bus:FRS1022024-01-012024-12-3105739023bus:AuditExemptWithAccountantsReport2024-01-012024-12-3105739023bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP