Epiphany Trading Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 03408884

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		123,099		114,127

			123,099		114,127
CURRENT ASSETS
Debtors	5	48,431		28,648
Cash at bank and in hand		407,545		306,509

		455,976		335,157
Creditors: Amounts Falling Due Within One Year	6	(238,795 )		(170,377 )

NET CURRENT ASSETS (LIABILITIES)			217,181		164,780

TOTAL ASSETS LESS CURRENT LIABILITIES			340,280		278,907

NET ASSETS			340,280		278,907

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			339,280		277,907

SHAREHOLDERS' FUNDS			340,280		278,907

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs P Hampson

Director

30/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Epiphany Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03408884 . The registered office is St Ambrose Barlow House, Manchester Road, Astley, Manchester, M29 7DZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.4. Investments

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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

...CONTINUED

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Epiphany Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Investments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 12)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	109,826	136,933	11,577	738	259,074
Additions	-	21,145	-	-	21,145
Disposals	-	(42,178 )	-	-	(42,178 )

As at 31 December 2024	109,826	115,900	11,577	738	238,041

Depreciation
As at 1 January 2024	12,448	120,430	11,577	492	144,947
Provided during the period	2,197	9,730	-	246	12,173
Disposals	-	(42,178 )	-	-	(42,178 )

As at 31 December 2024	14,645	87,982	11,577	738	114,942

Net Book Value
As at 31 December 2024	95,181	27,918	-	-	123,099

As at 1 January 2024	97,378	16,503	-	246	114,127

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Epiphany Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	48,431	28,648

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	21,912	24,517
Amounts owed to participating interests	49,135	36,500
Other creditors	162,803	104,122
Taxation and social security	4,945	5,238

	238,795	170,377

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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