Accounts



















	EP COMMERCIAL LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 30 APRIL 2025

	EP COMMERCIAL LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025


	DIRECTORS

	Mr PM McLoughlin
	Mr EJ Sweeney


	SECRETARY

	Mr P McLoughlin

	REGISTERED OFFICE

	25 Park Street West Luton, Bedfordshire, LU1 3BE


	COMPANY REGISTERED NUMBER

	15682380


	BANKERS

	Barclays Bank PLC


	ACCOUNTANTS

	Haartwells Accountants
	Chartered Certified Accountants
	25 Park Street West Luton, Bedfordshire LU1 3BE

	page 1

	EP COMMERCIAL LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025



	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-8	Notes to the Financial Statements

	page 2

EP COMMERCIAL LTD
Company registered number: 15682380
STATEMENT OF FINANCIAL POSITION AT 30 April 2025

	Note	2024
		£	£
FIXED ASSETS
Investment property	3		430,500
CURRENT ASSETS
Debtors	4	6,000
Cash at bank and in hand		74,265
		80,265
CREDITORS: Amounts falling due within one year	5	143,566
NET CURRENT LIABILITIES			(63,301)
TOTAL ASSETS LESS CURRENT LIABILITIES			367,199

CREDITORS: Amounts falling due after more than one year	6		(266,427)
NET ASSETS			£100,772

CAPITAL AND RESERVES
Called up share capital			100
Retained earnings			100,672
SHAREHOLDERS' FUNDS			£100,772

	The notes on pages 5-8 form part of these financial statements

	page 3

EP COMMERCIAL LTD
Company registered number: 15682380
STATEMENT OF FINANCIAL POSITION AT 30 April 2025 (CONT.)

	Note	2024
		£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 10 September 2025

	Signed on behalf of the board of directors



	Mr P McLoughlin, Director

	The notes on pages 5-8 form part of these financial statements

	page 4

	EP COMMERCIAL LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 30 APRIL 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	EP Commercial Ltd is a private limited company incorporated in England and Wales.

	Registered office:
	25 Park Street West Luton, Bedfordshire, LU1 3BE
	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 May 2024.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.


1e.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1f.	Investment property

	Investment properties are initially recognised at cost, properties whose fair value can be measured reliably are subsequently measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

	The notes on pages 5-8 form part of these financial statements

	page 5

	EP COMMERCIAL LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 APRIL 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1j.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.


1k.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

	The notes on pages 5-8 form part of these financial statements

	page 6

	EP COMMERCIAL LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 APRIL 2025



2.	DIRECTORS AND EMPLOYEES

	Employee costs during the year amounted to:	2024
		£
	Wages and salaries	15,000
	The average weekly number of employees during the year were as follows:
		2024
		No.
	Management and administration	1
	Production and sales	1
		2



	Investment Properties

			Total
			£
	Acquisitions other than through business combinations		430,500
	Acquisitions through business combinations
	Fair value at 30 April 2025		430,500



4.	DEBTORS	2024
		£
	Trade debtors	6,000
		£6,000



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024
		£
	Bank loans and overdrafts	28,633
	Corporation tax	43,557
	Other taxes and social security	8,820
	Other creditors	60,056
	Accruals and deferred income	2,500
		£143,566

	The notes on pages 5-8 form part of these financial statements

	page 7

	EP COMMERCIAL LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 APRIL 2025



6.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2024
		£
	Bank loans and overdrafts	266,427
		£266,427



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	28,633
		£28,633

	Due after five years:
	wholly or in part by instalments	266,427
	otherwise than by instalments	-
		£266,427

	The notes on pages 5-8 form part of these financial statements

	page 8