Epic IT Limited - Accounts to registrar (filleted) - small 18.2
Epic IT Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2019 |
| for |
| Epic IT Limited |
| Epic IT Limited (Registered number: 05420197) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Epic IT Limited |
| Company Information |
| for the Year Ended 31 December 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 67 Westow Street |
| Upper Norwood |
| London |
| SE19 3RW |
| Epic IT Limited (Registered number: 05420197) |
| Balance Sheet |
| 31 December 2019 |
| 31.12.19 | 31.12.18 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Epic IT Limited (Registered number: 05420197) |
| Balance Sheet - continued |
| 31 December 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Epic IT Limited (Registered number: 05420197) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Epic IT Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Epic IT Limited (Registered number: 05420197) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2019 |
| Additions |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: United Kingdom |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.12.19 |
| £ |
| Aggregate capital and reserves |
| Profit for the year |
| On 1 August 2019, 100% of the share capital of Network Hosting Limited was acquired for a non-cash consideration amounting to £100, in exchange for 100 ordinary shares of £1 each in Epic IT Limited. |
| Epic IT Limited (Registered number: 05420197) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by connected companies | 178,194 | 271,500 |
| Other debtors |
| Directors' current accounts | - | 198,982 |
| Tax |
| Prepayments and accrued income |
| Included in amounts due from connected companies is an amount due from RYA Properties Limited amounting to £178,194 (2018 - £271,500). |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
| value: | £ | £ |
| Ordinary | £1 | 5,100 | 5,000 |
| On 1 August 2019, the company issued 100 Ordinary £1 shares at par in exchange for 100% in the share capital of Network Hosting Limited (see note 8). |
| . |
| 10. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 January 2019 | 312,134 |
| Profit for the year | - |
| Dividends | ( |
) | - | ( |
) |
| At 31 December 2019 | 403,051 |