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Registration number: 08277382

EP Iron Jungle Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2024

EP Iron Jungle Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

EP Iron Jungle Limited

(Registration number: 08277382)
Balance Sheet as at 30 November 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 245,049 | 175,159
Current assets |  |  |
Debtors | 5 | 59,062 | 44,058
Creditors: Amounts falling due within one year | 6 | (219,400) | (156,681)
Net current liabilities |  | (160,338) | (112,623)
Total assets less current liabilities |  | 84,711 | 62,536
Creditors: Amounts falling due after more than one year | 6 | (21,839) | (42,281)
Provisions for liabilities |  | (18,585) | (18,585)
Net assets |  | 44,287 | 1,670
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 44,187 | 1,570
Shareholders' funds |  | 44,287 | 1,670

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 January 2026

Mr A Brown
Director

EP Iron Jungle Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1 | General information

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

The address of its registered office is:
Welkin Mill
Welkin Road
Bredbury
Stockport
Cheshire
SK6 2BH

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 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 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.

Going concern

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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

EP Iron Jungle Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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
Fixtures and fittings | 33.3% reducing balance
Plant and machinery | Over 7 years - straight line
Leasehold improvements | Over 7 years - straight line

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.

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.

EP Iron Jungle Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

EP Iron Jungle Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 December 2023 | - | 316,714 | 316,714
Additions | 90,717 | 115,320 | 206,037
At 30 November 2024 | 90,717 | 432,034 | 522,751
Depreciation
At 1 December 2023 | - | 223,600 | 223,600
Charge for the year | 9,360 | 44,742 | 54,102
At 30 November 2024 | 9,360 | 268,342 | 277,702
Carrying amount
At 30 November 2024 | 81,357 | 163,692 | 245,049
At 30 November 2023 | 82,045 | 93,114 | 175,159

Included within the net book value of land and buildings above is £82,045 (2023 - £Nil) in respect of freehold land and buildings and £(688) (2023 - £82,045) in respect of short leasehold land and buildings.

5 | Debtors

Current | 2024 £ | 2023 £
Other debtors | 59,062 | 44,058
| 59,062 | 44,058

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 79,559 | 76,606
Trade creditors |  | 13,248 | 17,104
Taxation and social security |  | 4,930 | 11,965
Accruals and deferred income |  | 6,500 | -
Other creditors |  | 115,163 | 51,006
|  | 219,400 | 156,681

EP Iron Jungle Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 21,839 | 42,281

The company took out a Bounce Back Loan during the year. As per the loan terms, The Government will make a Business Interruption Payment (BIP) to cover the first 12 months of interest payments. The company does not have to make any repayments for the first 12 months, the first being in May 2021.

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 2,114 | 6,263
Other borrowings | 13,554 | 26,825
HP and finance lease liability 1 (1-2 yrs) | 6,171 | 9,193
| 21,839 | 42,281

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 4,167 | 4,066
HP and finance lease liabilities | 25,710 | 40,567
Other borrowings | 28,143 | 14,551
Bank overdrafts | 21,539 | 17,422
| 79,559 | 76,606

EP Iron Jungle Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9 | Parent and ultimate parent undertaking

The ultimate controlling party is the director.