EPD (Whittlesey) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06973056 (England and Wales)

EPD (Whittlesey) Limited

Unaudited financial statements

for the year ended 30 June 2019

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

Notes to the financial statements

4

Director:

Mr S J Boon

Registered office:

Finmere Park

Orton Southgate

Peterborough

Cambridgeshire

PE2 6YG

Registered number:

06973056 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of financial position. Readers are cautioned that the Income

statement and certain other primary statements and the Director's report are not required to be filed

with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of EPD (Whittlesey) Limited for the year ended 30 June 2019 which comprise the

Statement of income and retained earnings, Statement of financial position and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of EPD (Whittlesey) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EPD (Whittlesey) Limited and state those matters that we have agreed to state to the director of EPD (Whittlesey) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EPD (Whittlesey) Limited and its director for our work or for this report.

It is your duty to ensure that EPD (Whittlesey) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EPD (Whittlesey) Limited. You consider that EPD (Whittlesey) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EPD (Whittlesey) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

31 March 2020

Current assets

Stocks

957,609

1,470,678

Debtors

4

126,876

-

Cash at bank

2,413

5,777

1,086,898

1,476,455

Creditors

Amounts falling due within one year

5

1,075,433

1,129,448

Net current assets

11,465

347,007

Total assets less current liabilities

11,465

347,007

Creditors

Amounts falling due after more than one year

6

-

532,838

Net assets/(liabilities)

11,465

(185,831

)

Capital and reserves

Called up share capital

8

100

100

Retained earnings

11,365

(185,931

)

Shareholders' funds

11,465

(185,831

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director on 31 March 2020 and were signed by:

Mr S J Boon - Director

1.	Statutory information

EPD (Whittlesey) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

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

2.	Statement of compliance

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

4.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

126,876

-

5.

Creditors: amounts falling due within one year

2019

2018

£

£

Bank loans and overdrafts (see note 7)

-

36,330

Hire purchase contracts

9,750

63,842

Trade creditors

4,793

-

Tax

71,600

613

Amount owed to related parties

987,090

943,190

Directors' current accounts

-

82,573

Accruals and deferred income

2,200

2,900

1,075,433

1,129,448

6.

Creditors: amounts falling due after more than one year

2019

2018

£

£

Bank loans (see note 7)

-

521,692

Hire purchase contracts

-

11,146

-

532,838

7.

Loans

An analysis of the maturity of loans is given below:

2019

2018

£

£

Amounts falling due within one year or on demand:

Bank loans

-

36,330

Amounts falling due between two and five years:

Bank loans and overdrafts

-

521,692

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1

100

100

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2019 and

30 June 2018:

2019

2018

£

£

Mr S J Boon

Balance outstanding at start of year

(82,574

)

-

Amounts advanced

687,714

31,650

Amounts repaid

(509,385

)

(114,224

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

95,755

(82,574

)

The figures above are aggregated. Interest has been charged at a rate of 2.5%.