EPA Design Ltd (Formerly Edward Parsley Associates Limited) Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04669284

EPA Design Ltd (Formerly Edward Parsley Associates Limited)

Filleted Unaudited Financial Statements

31 March 2025

EPA Design Ltd (Formerly Edward Parsley Associates Limited)

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		94,652		105,061

Current assets

Debtors	6	583,256	643,912
Cash at bank and in hand		248,781	204,014
		---------	---------
		832,037	847,926

Creditors: amounts falling due within one year	7	230,557		206,240
		---------		---------
Net current assets			601,480		641,686
			---------		---------
Total assets less current liabilities			696,132		746,747
			---------		---------
Net assets			696,132		746,747
			---------		---------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		696,131	746,746
		---------	---------
Shareholders funds		696,132	746,747
		---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 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 year 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 .

EPA Design Ltd (Formerly Edward Parsley Associates Limited)

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 November 2025 , and are signed on behalf of the board by:

D R Farrow	T M Lee
Director	Director

Company registration number: 04669284

EPA Design Ltd (Formerly Edward Parsley Associates Limited)

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registration number 04669284 , registered in England and Wales. The address of the registered office is West End Barn, The Street, Rayne, Braintree, Essex, CM77 6RY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property improvements	-	10% straight line
Furniture & Fittings	-	20% straight line
Motor vehicles	-	20% straight line
Office equipment	-	25 % straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2024: 15 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1st April 2024	105,897	3,814	83,951	193,662
Additions	2,779	–	5,828	8,607
	---------	-------	--------	---------
At 31st March 2025	108,676	3,814	89,779	202,269
	---------	-------	--------	---------
Depreciation
At 1st April 2024	20,340	3,470	64,791	88,601
Charge for the year	9,674	115	9,227	19,016
	---------	-------	--------	---------
At 31st March 2025	30,014	3,585	74,018	107,617
	---------	-------	--------	---------
Carrying amount
At 31st March 2025	78,662	229	15,761	94,652
	---------	-------	--------	---------
At 31st March 2024	85,557	344	19,160	105,061
	---------	-------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	265,394	255,397
Amounts owed by group undertakings	199,634	225,419
Prepayments and accrued income	47,946	60,552
Amounts recoverable on long term contracts	70,282	96,819
Other debtors	–	5,725
	---------	---------
	583,256	643,912
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	10,756	26,297
Accruals and deferred income	49,030	19,286
Corporation tax	25,499	16,661
Other taxes and social security	139,421	143,996
Other creditors	5,851	–
	---------	---------
	230,557	206,240
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	17,962	11,047
Later than 1 year and not later than 5 years	30,995	5,387
	--------	--------
	48,957	16,434
	--------	--------

10. Charges

Lloyds Bank PLC holds a debenture over the assets of the company as part of the loan agreement within Edward Parsley Holdings Ltd. Lloyds Bank PLC also holds a cross company guarantee between Edward Parsley Holdings Ltd and Edward Parsley Associates Ltd.

11. Related party transactions

The company has taken advantage of the exemption granted by paragraph 1AC.35 of FRS 102 not to disclose related party transactions with group companies.

12. Controlling party

The ultimate parent company of Edward Parsley Associates Limited at the balance sheet date is Edward Parsley Holdings Limited, a company registered in the United Kingdom.