Acorah Software Products - Accounts Production 16.6.950 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 02938035 W C Lim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02938035 2024-02-29 02938035 2025-02-28 02938035 2024-03-01 2025-02-28 02938035 frs-core:CurrentFinancialInstruments 2025-02-28 02938035 frs-core:ComputerEquipment 2024-03-01 2025-02-28 02938035 frs-core:FurnitureFittings 2024-03-01 2025-02-28 02938035 frs-core:PlantMachinery 2024-03-01 2025-02-28 02938035 frs-core:ShareCapital 2025-02-28 02938035 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 02938035 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 02938035 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 02938035 frs-bus:SmallEntities 2024-03-01 2025-02-28 02938035 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 02938035 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 02938035 frs-bus:Director1 2024-03-01 2025-02-28 02938035 frs-countries:EnglandWales 2024-03-01 2025-02-28 02938035 2023-02-28 02938035 2024-02-29 02938035 2023-03-01 2024-02-29 02938035 frs-core:CurrentFinancialInstruments 2024-02-29 02938035 frs-core:ShareCapital 2024-02-29 02938035 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 02938035
EPI (Europe) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02938035
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 546,523 -
546,523 -
CURRENT ASSETS
Stocks 5 66,791 163,779
Debtors 6 79,395 106,348
Cash at bank and in hand 453,453 639,752
599,639 909,879
Creditors: Amounts Falling Due Within One Year 7 (125,672 ) (89,283 )
NET CURRENT ASSETS (LIABILITIES) 473,967 820,596
TOTAL ASSETS LESS CURRENT LIABILITIES 1,020,490 820,596
NET ASSETS 1,020,490 820,596
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,020,488 820,594
SHAREHOLDERS' FUNDS 1,020,490 820,596
Page 1
Page 2
For the year ending 28 February 2025 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 director acknowledges his 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
W C Lim
Director
23 November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EPI (Europe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02938035 . The registered office is Tarn House 77 High Street, Yeadon, Leeds, LS19 7SP.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The director has considered the funding and liquidity position of the company and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has a cash balance of £453,453 at the balance sheet date (2024: £639,752). The director therefore considers it appropriate to continue to prepare the financial statements on the going concern basis.
2.3. 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.
2.4. 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:
Plant & Machinery 20% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. Investment Properties
In accordance with FRS 102 Section 1A, the investment property has been valued by the directors based on available market evidence. No professional valuation has been obtained, as the directors consider that a fair value can be determined reliably without the cost of engaging an external valuer. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 March 2024 -
Additions 546,523
As at 28 February 2025 546,523
5. Stocks
2025 2024
£ £
Stock 66,791 163,779
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 75,457 106,103
Other debtors 3,938 245
79,395 106,348
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 31,699 16,911
Bank loans and overdrafts 482 166
Other creditors 11,047 6,315
Taxation and social security 82,444 65,891
125,672 89,283
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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