Epogee Ltd - Filleted accounts

Epogee Ltd - Filleted accounts

EPOGEE LIMITED - Company Information

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Registered number
05883213
Epogee Ltd
Filleted Accounts
31 July 2019
Epogee Ltd
Registered number: 05883213
Balance Sheet
as at 31 July 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 8,670 5,174
Current assets
Cash at bank and in hand 33,346 24,978
Creditors: amounts falling due within one year 3 (3,982) (2,002)
Net current assets 29,364 22,976
Net assets 38,034 28,150
Capital and reserves
Called up share capital 10,001 10,001
Profit and loss account 28,033 18,149
Shareholders' funds 38,034 28,150
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr I Lucas
Director
Approved by the board on 21 January 2020
Epogee Ltd
Notes to the Accounts
for the year ended 31 July 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2018 41,137 5,000 46,137
Additions 5,673 - 5,673
At 31 July 2019 46,810 5,000 51,810
Depreciation
At 1 August 2018 36,121 4,842 40,963
Charge for the year 2,138 39 2,177
At 31 July 2019 38,259 4,881 43,140
Net book value
At 31 July 2019 8,551 119 8,670
At 31 July 2018 5,016 158 5,174
3 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors 1,626 156
Taxation and social security costs 145 349
Other creditors 2,211 1,497
3,982 2,002
4 Other information
Epogee Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Orde House
Whitchurch
Ross On Wye
Herefordshire
HR9 6DQ
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