EPIC MILITARIA LTD


Directors	DOTCHON, Julian Paul
	DOTCHON, Lilia


Company Secretary	DOTCHON, Julian Paul


Registered Address	Unit 19 Glan Yr Afon Industrial Estate
	Llanbadarn Fawr
	Aberystwyth
	SY23 3JQ


Registered Number	05970736 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,190,230		1,210,163
			1,190,230		1,210,163
Current assets
Stocks		1,109,096		1,134,764
Debtors		107,670		121,646
Cash at bank and on hand		88,485		93,324
		1,305,251		1,349,734
Creditors amounts falling due within one year	4	(560,294)		(617,389)
Net current assets (liabilities)			744,957		732,345
Total assets less current liabilities			1,935,187		1,942,508
Creditors amounts falling due after one year			(164,983)		(196,457)
Provisions for liabilities			(18,136)		(17,557)
Net assets			1,752,068		1,728,494
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,751,968		1,728,394
Shareholders' funds			1,752,068		1,728,494

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2025, and are signed on its behalf by:

DOTCHON, Julian Paul
Director
Registered Company No. 05970736

EPIC MILITARIA LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	22		24

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	1,291,075	85,467	16,750	24,944	1,418,236
Additions	-	-	13,504	-	13,504
At 31 March 25	1,291,075	85,467	30,254	24,944	1,431,740
Depreciation and impairment
At 01 April 24	151,140	45,245	3,490	8,198	208,073
Charge for year	22,249	2,716	7,000	1,472	33,437
At 31 March 25	173,389	47,961	10,490	9,670	241,510
Net book value
At 31 March 25	1,117,686	37,506	19,764	15,274	1,190,230
At 31 March 24	1,139,935	40,222	13,260	16,746	1,210,163

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	190,396	199,918
Bank borrowings and overdrafts	28,383	40,545
Taxation and social security	59,823	81,417
Other creditors	281,692	287,793
Accrued liabilities and deferred income	-	7,716
Total	560,294	617,389


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.