Registration number: 01800264

Epoxy Products Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 8

Epoxy Products Limited

Company Information

Directors

Mr J M Langrish Mrs G Langrish Mr T A Langrish

Company secretary

Mr J M Langrish

Registered office

7 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RZ

Accountants

Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Epoxy Products Limited

(Registration number: 01800264)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	124	420
Tangible assets	5	21,166	28,463
		21,290	28,883
Current assets
Stocks		56,741	58,376
Debtors		61,660	97,013
Cash at bank and in hand		54,104	92,855
		172,505	248,244
Prepayments and accrued income		4,131	3,842
Creditors: Amounts falling due within one year		(53,270)	(70,089)
Net current assets		123,366	181,997
Total assets less current liabilities		144,656	210,880
Creditors: Amounts falling due after more than one year		(3,069)	(17,142)
Provisions for liabilities		-	(1,911)
Accruals and deferred income		(985)	(850)
Net assets		140,602	190,977
Capital and reserves
Called up share capital		100	100
Retained earnings		140,502	190,877
Shareholders' funds		140,602	190,977

For the financial year ending 31 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Epoxy Products Limited

(Registration number: 01800264)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr J M Langrish Company secretary and director

Epoxy Products Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
7 Haviland Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7RZ
England

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Epoxy Products Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Straight line over 7 years
Fixtures and fittings	Straight line over 7 years
Motor vehicles	25% on cost

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Epoxy Products Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

Epoxy Products Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2024	889
At 31 March 2025	889
Amortisation
At 1 April 2024	469
Amortisation charge	296
At 31 March 2025	765
Carrying amount
At 31 March 2025	124
At 31 March 2024	420

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	25,389	17,587	51,475	94,451
Additions	-	2,245	-	2,245
At 31 March 2025	25,389	19,832	51,475	96,696
Depreciation
At 1 April 2024	23,581	8,725	33,682	65,988
Charge for the year	759	2,152	6,631	9,542
At 31 March 2025	24,340	10,877	40,313	75,530
Carrying amount
At 31 March 2025	1,049	8,955	11,162	21,166
At 31 March 2024	1,808	8,862	17,793	28,463

Epoxy Products Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

6	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £19,644 (2024 - £31,007). At the balance sheet date, the company had bank loan commitments totalling £17,143 (2024 - £30,927) including bounce back loan commitments of £11,667 (2024 - £21,667).

The company also had credit card commitments of £80 (2024 - £80) and net wage commitments totalling £2421 (2024 - £Nil).

There were no other financial commitments, contingencies or guarantees made on behalf of the directors.

Included in the balance sheet are pensions of £1,236 (2024 - £1,528). The company operates a money purchase pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,236 (2024 - £1,528) were due to the fund. These are included within creditors.

7	Related party transactions

Summary of transactions with key management

Rent was charged to the company by the directors, Mrs G Langrish and Mr T A Langrish and this totalled £20,640 (2024 - £20,640) during the financial year. The rent has been unchanged for several years and is deemed to be below the market rate.

At the balance sheet date, an employee loan of £7,708 (2024 - £7,700) was owed to the company by employee, Mr P Langrish. The loan is interest free and repayable on demand. P Langrish is a family member but not an immediate descendant of any of the company directors.