EPT (UK) LIMITED,Ltd - Accounts

EPT (UK) LIMITED,Ltd - Accounts

EPT (UK) LTD - Company Information

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2014-04-01 true false Private Limited Company 06730634 2015-03-31 06730634 2014-04-01 2015-03-31 06730634 2014-03-31 06730634 2013-04-01 2014-03-31 06730634 uk-bus:Director1 2014-04-01 2015-03-31 06730634 uk-gaap:ImprovementsOrDevelopmentAssets 2014-04-01 2015-03-31 06730634 uk-gaap:ToolsEquipment 2014-04-01 2015-03-31 06730634 uk-gaap:FixturesFittings 2014-04-01 2015-03-31 06730634 uk-gaap:AfterOneYear 2014-03-31 06730634 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP
EPT (UK) LIMITED
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06730634
2
Contents Page
EPT (UK) LIMITED
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
EPT (UK) LIMITED
Chartered Accountants' Report
For the year ended 31 March 2015
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts
of EPT (UK) LIMITED for the year ended 31 March 2015 which comprise the Profit and Loss Account, Statement of
Recognised Gains and Losses, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of EPT (UK) LIMITED, as a body, in accordance with the terms of
our engagement letter dated 3 April 2009. Our work has been undertaken solely to prepare for your approval the
accounts of EPT (UK) LIMITED and state those matters that we have agreed to state to the Board of Directors of EPT
(UK) LIMITED, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EPT (UK) LIMITED and
its Board of Directors as a body for our work or for this report.
It is your duty to ensure that EPT (UK) LIMITED has kept adequate accounting records to prepare statutory accounts
that give a true and fair view of the assets, liabilities, financial position and loss of EPT (UK) LIMITED. You consider
that EPT (UK) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of EPT (UK) LIMITED. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and explanations you have given
to us and we do not, therefore, express any opinion on the statutory accounts.
Marray & McIntyre
Chartered Accountants
Hawthorn House
1Medlicott Close
Corby
Northants
NN18 9NF
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4
Abbreviated Balance Sheet
EPT (UK) LIMITED
As at 31 March 2015
06730634
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
69,912
78,930
69,912
78,930
Current assets
Debtors
3
14,535
9,093
Cash at bank and in hand
34
964
9,127
15,499
Creditors: amounts falling due within one year
(401,764)
(433,923)
(386,265)
(424,796)
Net current liabilities
Total assets less current liabilities
(354,884)
(307,335)
Creditors: amounts falling due after more than one year
4
-
(4,606)
(359,490)
Net liabilities
(307,335)
Capital and reserves
Called up share capital
20,100
5
20,100
Profit and loss account
(379,590)
(327,435)
(359,490)
(307,335)
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 11 September 2015
M K Hynd Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
EPT (UK) LIMITED
For the year ended 31 March 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Improvements or development of
10 Reducing balance
Gym Equipment
20 Reducing balance
Fixtures and Fittings
20 Reducing balance
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6
Notes to the Abbreviated Financial Statements
EPT (UK) LIMITED
For the year ended 31 March 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
147,547
At 01 April 2014
At 31 March 2015
147,547
Depreciation
68,617
At 01 April 2014
9,018
Charge for year
77,635
At 31 March 2015
Net book values
At 31 March 2015
69,912
78,930
At 31 March 2014
3 Debtors:
All debtors are receivable within one year.
2014
2015
4 Creditors due after more than one year
£
£
4,606
-
Bank loans and overdraft
5 Share capital
Authorised
20,100 Ordinary shares shares of £1.00 each
Allotted called up and fully paid
2015
2014
£
£
20,100 Ordinary shares shares of £1.00 each
20,100
20,100
20,100
20,100
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