E P L S Design Limited
E P L S Design Limited
Registered number: 04538800
Unaudited Financial Statements
For The Year Ended 30 September 2019
E P L S Design Limited
Unaudited Financial Statements
For The Year Ended 30 September 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
E P L S Design Limited
Balance Sheet
As at
30 September 2019
Balance Sheet
Registered number:
04538800
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 436,661 | 443,568 | |||
Page 1
E P L S Design Limited
Balance Sheet (continued)
As at
30 September 2019
Directors' responsibilities:
-
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 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
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Director
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
E P L S Design Limited
Notes to the Financial Statements
For The Year Ended 30 September 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
1.3.
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:
| Leasehold Improvements |
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| Plant and Machinery |
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| Fixture and fittings |
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| Computer equipment |
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1.4.
Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
1.5.
Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
Page 3
E P L S Design Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2019
1.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.
Average Number of Employees
Average number of employees, including directors, during the year were: 9 (2018: 8)
3.
Tangible Assets
| Land & Property | |||||
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| Leasehold Improvements | Plant and Machinery | Fixture and fittings | Computer equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
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| Additions |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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Page 4
E P L S Design Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2019
4.
Investments
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at |
102,649 |
| Disposals | (1,734) |
| Revaluations | 5,187 |
| As at |
106,102 |
| Provision | |
| As at |
- |
| As at |
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| Net Book Value | |
| As at |
106,102 |
| As at |
102,649 |
5.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts recoverable on contracts |
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| Other debtors | 14,165 | 3,076 | |
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6.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors | 13,247 | 13,456 | |
| Taxation and social security | 64,638 | 83,561 | |
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Page 5
E P L S Design Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2019
7.
General Information
E P L S Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04538800 . The registered office is Unit 1 Moorside Place, Moorside Road, Winchester, Hampshire, England, SO23 7FX.
Page 6