Company Registration No. 12525727 (England and Wales)
EEP Filters Limited
Unaudited accounts
for the year ended 30 June 2023
EEP Filters Limited
Unaudited accounts
Contents
EEP Filters Limited
Company Information
for the year ended 30 June 2023
Directors
Timothy Hedges
Ian King
James Derby
Company Number
12525727 (England and Wales)
Registered Office
Unit 8 Saffron Business Centre
Elizabeth Close
Saffron Walden
Essex
CB10 2NL
United Kingdom
EEP Filters Limited
Statement of financial position
as at 30 June 2023
Tangible assets
5,782
7,464
Cash at bank and in hand
5,529
5,208
Creditors: amounts falling due within one year
(82,447)
(118,183)
Net current liabilities
(22,051)
(47,870)
Net liabilities
(16,269)
(40,406)
Called up share capital
100
100
Profit and loss account
(16,369)
(40,506)
Shareholders' funds
(16,269)
(40,406)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Timothy Hedges
Director
Company Registration No. 12525727
EEP Filters Limited
Notes to the Accounts
for the year ended 30 June 2023
EEP Filters Limited is a private company, limited by shares, registered in England and Wales, registration number 12525727. The registered office is Unit 8 Saffron Business Centre, Elizabeth Close, Saffron Walden, Essex, CB10 2NL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
9,310
1,852
830
11,992
At 30 June 2023
9,310
1,852
1,543
12,705
At 1 July 2022
3,682
618
228
4,528
Charge for the year
1,835
370
190
2,395
At 30 June 2023
5,517
988
418
6,923
At 30 June 2023
3,793
864
1,125
5,782
At 30 June 2022
5,628
1,234
602
7,464
EEP Filters Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Accrued income and prepayments
15,598
13,900
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,227
9,942
Trade creditors
19,674
16,639
Taxes and social security
1,251
2,790
Loans from directors
48,500
-
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Transactions with related parties
The following amounts were outstanding at the reporting end date to related parties:
Key management personnel 2023 £48,500 2022 £Nil
Mr I King and Mr T Hedges, both directors of this company, provided interest bearing loans to the company payable at 10% per annum on the monthly balance outstanding. Of the total sum advanced, £48,500 (2022 £Nil) is included within Creditors: amounts falling due within one year and £Nil (2022 £Nil) is included within Creditors: amounts falling due after more than one year.
During the year transactions were undertaken with European EMC Products Limited a company in which Messrs King and Hedges hold 90% of the issued share capital.
Sales of filters were made totalling £286,324 (2022 £184,139). There was no balance owed by European EMC Products Limited at the year end (2022 £Nil).
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Average number of employees
During the year the average number of employees was 4 (2022: 4).
