ETS (EPE) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02775115 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

ETS (EPE) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Cole

N Cole

SECRETARY:

Ms S Cole

REGISTERED OFFICE:

Brook House

Fox Den Road

Stoke Gifford

Bristol

BS34 8SP

REGISTERED NUMBER:

02775115 (England and Wales)

FIXED ASSETS

Tangible assets

4

7,727

6,908

CURRENT ASSETS

Debtors

5

35,437

49,729

Cash at bank

258,918

110,489

294,355

160,218

CREDITORS

Amounts falling due within one year

6

46,358

23,796

NET CURRENT ASSETS

247,997

136,422

TOTAL ASSETS LESS CURRENT LIABILITIES

255,724

143,330

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

255,722

143,328

SHAREHOLDERS' FUNDS

255,724

143,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2021 and were signed on its behalf by:

M J Cole - Director

1.	STATUTORY INFORMATION

ETS (EPE) 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.

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.

Plant and machinery

-

25% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2020

39,192

Additions

3,394

At 31 March 2021

42,586

DEPRECIATION

At 1 April 2020

32,284

Charge for year

2,575

At 31 March 2021

34,859

NET BOOK VALUE

At 31 March 2021

7,727

At 31 March 2020

6,908

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

34,609

48,962

Prepayments

828

767

35,437

49,729

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

4,540

-

Tax

26,603

15,278

VAT

10,044

3,797

Directors' current accounts

771

771

Accruals and deferred income

4,400

3,950

46,358

23,796

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 April 2020

143,328

Profit for the year

112,394

At 31 March 2021

255,722

9.	RELATED PARTY DISCLOSURES

The company is controlled by the directors who own 100% of the issued share capital.

During the year, the company has been charged £30,000 (2020: £30,000) for administrative services provided by ETS (SW) Ltd. The company also sold goods to ETS (SW) Ltd totalling £179,318 (2020: £115,324) and purchased goods totalling £34,672. At the balance sheet date, the company was owed £30,068 ( 2020: £48,962) by ETS (SW) Ltd.

ETS (SW) Ltd is a company in which the directors of this company have an interest.