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EP Golf Media Ltd
Filleted accounts
31 August 2024
Company registration number: 15057813
EP Golf Media Ltd
Directors and other information
Directors K J Thomason
R Walker
R Hendey
Company number 15057813
Registered office Shaw Farm Road
Newbury
Berkshire
RG14 2HY
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
EP Golf Media Ltd
Balance sheet
31st August 2024
31/08/24
Note £ £
Fixed assets
Tangible assets 5 1,790
_______
1,790
Current assets
Cash at bank and in hand 8,948
_______
8,948
Creditors: amounts falling due
within one year 6 ( 3,183)
_______
Net current assets 5,765
_______
Net assets 7,555
_______
Capital and reserves
Called up share capital 7 3
Profit and loss account 7,552
_______
Shareholders funds 7,555
_______
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 April 2025 , and are signed on behalf of the board by:
K J Thomason
Director
Company registration number: 15057813
EP Golf Media Ltd
Notes to the financial statements
Period ended 31st August 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 1 Ep Golf Studios, Shaw Farm Road, Newbury, Berkshire, RG14 2HY. The company incorporated on 8th August 2023 and commenced trading shortly thereafter. The principal activity of the company during the period was the provision of information technology and YouTube services.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 3 years straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 8th August 2023 - -
Additions 2,330 2,330
_______ _______
At 31st August 2024 2,330 2,330
_______ _______
Depreciation
At 8th August 2023 - -
Charge for the year 540 540
_______ _______
At 31st August 2024 540 540
_______ _______
Carrying amount
At 31st August 2024 1,790 1,790
_______ _______
6. Creditors: amounts falling due within one year
31/08/24
£
Social security and other taxes 1,352
Other creditors 1,831
_______
3,183
_______
7. Called up share capital
Issued, called up and fully paid
31/08/24
No £
Ordinary shares of £ 1.00 each 3 3
_______ _______
8. Controlling party
The company was under the control of its directors throughout the period.