EPS Pipeworks Limited - Accounts to registrar (filleted) - small 18.2

EPS Pipeworks Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03759133(England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2019

for

EPS Pipeworks Limited

EPS Pipeworks Limited (Registered number: 03759133)






Contents of the Financial Statements
for the Year Ended 30 April 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPS Pipeworks Limited

Company Information
for the Year Ended 30 April 2019







DIRECTORS: J M Murphy
C Murphy
L Murphy





SECRETARY: C Murphy





REGISTERED OFFICE: 650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU





REGISTERED NUMBER: 03759133(England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

EPS Pipeworks Limited (Registered number: 03759133)

Balance Sheet
30 April 2019

30.4.19 30.4.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,582 109,011

CURRENT ASSETS
Stocks 59,500 58,550
Debtors 5 335,541 113,841
Cash at bank and in hand 168,221 135,209
563,262 307,600
CREDITORS
Amounts falling due within one year 6 349,843 140,181
NET CURRENT ASSETS 213,419 167,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,001

276,430

CREDITORS
Amounts falling due after more than one
year

7

-

538
NET ASSETS 336,001 275,892

CAPITAL AND RESERVES
Called up share capital 700 700
Retained earnings 335,301 275,192
SHAREHOLDERS' FUNDS 336,001 275,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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.

EPS Pipeworks Limited (Registered number: 03759133)

Balance Sheet - continued
30 April 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 July 2019and were signed on its behalf by:





J M Murphy- Director


EPS Pipeworks Limited (Registered number: 03759133)

Notes to the Financial Statements
for the Year Ended 30 April 2019

1. STATUTORY INFORMATION

EPS Pipeworks 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 etc - 25% on cost and 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 profit or loss in the period to which they relate.

EPS Pipeworks Limited (Registered number: 03759133)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30(2018 - 12) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2018 132,514 47,080 20,215 199,809
Additions 1,795 8,888 14,188 24,871
At 30 April 2019 134,309 55,968 34,403 224,680
DEPRECIATION
At 1 May 2018 52,338 30,861 7,599 90,798
Charge for year 6,760 1,781 2,759 11,300
At 30 April 2019 59,098 32,642 10,358 102,098
NET BOOK VALUE
At 30 April 2019 75,211 23,326 24,045 122,582
At 30 April 2018 80,176 16,219 12,616 109,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Trade debtors 300,541 108,841
Other debtors 35,000 5,000
335,541 113,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Hire purchase contracts 538 2,153
Trade creditors 180,716 48,334
Taxation and social security 145,424 77,816
Other creditors 23,165 11,878
349,843 140,181

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.19 30.4.18
£    £   
Hire purchase contracts - 538