EPG Business Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08782582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

EPG BUSINESS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

31,364

9,216

CURRENT ASSETS

Debtors

5

1,171,480

37,482

Cash at bank and in hand

182,063

94,768

1,353,543

132,250

CREDITORS

Amounts falling due within one year

6

1,224,524

103,691

NET CURRENT ASSETS

129,019

28,559

TOTAL ASSETS LESS CURRENT LIABILITIES

160,383

37,775

CREDITORS

Amounts falling due after more than one year

7

(44,334

)

(35,517

)

PROVISIONS FOR LIABILITIES

8

(5,959

)

(1,751

)

NET ASSETS

110,090

507

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

109,990

407

SHAREHOLDERS' FUNDS

110,090

507

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 June 2020 and were signed on its behalf by:

Mr P Buck - Director

1.	STATUTORY INFORMATION

EPG Business Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

08782582

Registered office:

19-21 Bridgeman Terrace

Wigan

Lancashire

WN1 1TD

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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 balance sheet date.

Deferred tax

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

sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2018

5,709

8,322

14,031

Additions

23,197

2,020

25,217

At 30 November 2019

28,906

10,342

39,248

DEPRECIATION

At 1 December 2018

1,930

2,885

4,815

Charge for year

1,431

1,638

3,069

At 30 November 2019

3,361

4,523

7,884

NET BOOK VALUE

At 30 November 2019

25,545

5,819

31,364

At 30 November 2018

3,779

5,437

9,216

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

1,147,969

15,389

Other debtors

23,511

22,093

1,171,480

37,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

14,213

11,903

Taxation and social security

53,326

12,862

Other creditors

1,156,985

78,926

1,224,524

103,691

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.19

30.11.18

£

£

Other creditors

44,334

35,517

8.	PROVISIONS FOR LIABILITIES

30.11.19

30.11.18

£

£

Deferred tax

Accelerated capital allowances

5,959

1,751

Deferred

tax

£

Balance at 1 December 2018

1,751

Charge to Statement of Income and Retained Earnings during year

4,208

Balance at 30 November 2019

5,959

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.19

30.11.18

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30 November 2018:

30.11.19

30.11.18

£

£

Mr P Buck

Balance outstanding at start of year

20,557

19,352

Amounts advanced

-

6,205

Amounts repaid

(2,557

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,000

20,557