Company Registration No. 03518487 (England and Wales)
EPSICON VENTURES LIMITED
Unaudited accounts
for the year ended 30 June 2021
EPSICON VENTURES LIMITED
Unaudited accounts
Contents
EPSICON VENTURES LIMITED
Company Information
for the year ended 30 June 2021
Director
Adam Yousuf MAUMONIAT
Secretary
Firoza MAUMONIAT
Company Number
03518487 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
WEST YORKSHIRE
LS6 1PY
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
EPSICON VENTURES LIMITED
Statement of financial position
as at
30 June 2021
Tangible assets
250,000
-
Inventories
130,625
120,113
Cash at bank and in hand
321,253
293,976
Creditors: amounts falling due within one year
(556,738)
(477,391)
Net current assets
325,319
334,645
Total assets less current liabilities
575,319
334,645
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
525,319
334,645
Called up share capital
2
2
Profit and loss account
525,317
334,643
Shareholders' funds
525,319
334,645
For the year ending 30 June 2021 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 director acknowledges his 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 and authorised for issue on 21 March 2022 and were signed on its behalf by
Adam Yousuf MAUMONIAT
Director
Company Registration No. 03518487
EPSICON VENTURES LIMITED
Notes to the Accounts
for the year ended 30 June 2021
EPSICON VENTURES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03518487. The registered office is 21 HYDE PARK ROAD, LEEDS, WEST YORKSHIRE , LS6 1PY.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants, Covid -19
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
Whole sales of catering supplies
EPSICON VENTURES LIMITED
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2020
-
398,910
398,910
Additions
250,000
-
250,000
At 30 June 2021
250,000
398,910
648,910
At 1 July 2020
-
398,910
398,910
At 30 June 2021
-
398,910
398,910
At 30 June 2021
250,000
-
250,000
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
368,262
336,030
Amounts due from group undertakings etc.
61,917
61,917
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
3,168
-
Trade creditors
494,263
444,773
Taxes and social security
54,307
27,728
Other creditors
1,073
4,890
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 9 (2020: 9).