REGISTERED NUMBER: 13929500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

EPIC POWER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Sarwar

REGISTERED OFFICE:

Technology Centre

Bridge Street

Church

Accrington

Lancashire

BB5 4HU

REGISTERED NUMBER:

13929500 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

4

248,414

135,362

CURRENT ASSETS

Debtors

5

20,194

14,861

Cash at bank and in hand

55,949

1,706

76,143

16,567

CREDITORS

Amounts falling due within one year

6

131,103

5,024

NET CURRENT (LIABILITIES)/ASSETS

(54,960

)

11,543

TOTAL ASSETS LESS CURRENT LIABILITIES

193,454

146,905

CREDITORS

Amounts falling due after more than one year

7

(133,893

)

(125,531

)

PROVISIONS FOR LIABILITIES

(56,989

)

(28,620

)

NET ASSETS/(LIABILITIES)

2,572

(7,246

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,571

(7,247

)

2,572

(7,246

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 19th September 2025 and were signed by:

S Sarwar - Director

1.	STATUTORY INFORMATION

Epic Power Ltd 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.

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.

Improvements to property

-

2% on cost

Fixtures and fittings

-

Straight line over 30 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1st November 2023

21,279

117,458

138,737

Additions

-

117,720

117,720

At 31st October 2024

21,279

235,178

256,457

DEPRECIATION

At 1st November 2023

396

2,979

3,375

Charge for year

425

4,243

4,668

At 31st October 2024

821

7,222

8,043

NET BOOK VALUE

At 31st October 2024

20,458

227,956

248,414

At 31st October 2023

20,883

114,479

135,362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

as restated

£

£

Other debtors

20,194

14,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

as restated

£

£

Trade creditors

128,579

-

Other creditors

2,524

5,024

131,103

5,024

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

as restated

£

£

Amounts owed to group undertakings

133,893

125,531