Epsilon Management Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02285267 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Epsilon Management Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J H Evans

Mrs I E G Evans

SECRETARY:

Mrs I E G Evans

REGISTERED OFFICE:

3 The Old Rectory

Rectory Lane

Bookham

Surrey

KT23 4DY

REGISTERED NUMBER:

02285267 (England and Wales)

ACCOUNTANT:

JMSolutions(Guildford)

13 Gatley Drive

Guildford

Surrey

GU4 7JJ

FIXED ASSETS

Tangible assets

2

1,892

1,660

CURRENT ASSETS

Stocks

-

4,000

Debtors

17,396

1,126

Cash at bank

60,097

105,097

77,493

110,223

CREDITORS

Amounts falling due within one year

24,079

24,793

NET CURRENT ASSETS

53,414

85,430

TOTAL ASSETS LESS CURRENT LIABILITIES

55,306

87,090

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

54,306

86,090

SHAREHOLDERS' FUNDS

55,306

87,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 May 2017 and were signed on its behalf by:

J H Evans - Director

Mrs I E G Evans - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the value of work completed in the year, exclusive of value added tax.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

26,309

Additions

862

At 30 November 2016

27,171

DEPRECIATION

At 1 December 2015

24,649

Charge for year

630

At 30 November 2016

25,279

NET BOOK VALUE

At 30 November 2016

1,892

At 30 November 2015

1,660

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

5.	ULTIMATE CONTROLLING PARTY

The controlling party is J H Evans and Mrs I E Evans.