Company Registration No. SC133471 (Scotland)
The Epic Group (Scotland) Limited
Unaudited accounts
for the year ended 31 August 2021
The Epic Group (Scotland) Limited
Unaudited accounts
Contents
The Epic Group (Scotland) Limited
Company Information
for the year ended 31 August 2021
Director
Michael Duthie Wilson
Company Number
SC133471 (Scotland)
Registered Office
2 Union Terrace
Aberdeen
AB10 1NJ
Accountants
Granite Accountants (Aberdeen) Limited
199 Westburn Road
Aberdeen
AB25 2QE
The Epic Group (Scotland) Limited
Statement of financial position
as at 31 August 2021
Tangible assets
2,851,985
2,911,269
Investment property
4,328,000
4,328,000
Debtors
1,514,972
1,627,707
Cash at bank and in hand
179,875
17,161
Creditors: amounts falling due within one year
(1,060,861)
(899,170)
Net current assets
674,471
754,048
Total assets less current liabilities
7,854,456
7,993,317
Creditors: amounts falling due after more than one year
(1,464,356)
(1,262,629)
Provisions for liabilities
Other provisions
(738,735)
(762,280)
Net assets
5,651,365
5,968,408
Called up share capital
25,000
25,000
Revaluation reserve
1,418,890
1,418,890
Profit and loss account
4,207,475
4,524,518
Shareholders' funds
5,651,365
5,968,408
For the year ending 31 August 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 31 August 2022 and were signed on its behalf by
Michael Duthie Wilson
Director
Company Registration No. SC133471
The Epic Group (Scotland) Limited
Notes to the Accounts
for the year ended 31 August 2021
The Epic Group (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC133471. The registered office is 2 Union Terrace, Aberdeen, AB10 1NJ.
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:
Land & buildings
2%, 4% and 20% on cost
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2020
297,162
At 1 September 2020
297,162
The Epic Group (Scotland) Limited
Notes to the Accounts
for the year ended 31 August 2021
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2020
5,341,394
397,260
1,587,719
7,326,373
Additions
46,176
250
47,917
94,343
At 31 August 2021
5,387,570
397,510
1,635,636
7,420,716
At 1 September 2020
2,565,871
389,328
1,459,905
4,415,104
Charge for the year
103,462
2,934
47,231
153,627
At 31 August 2021
2,669,333
392,262
1,507,136
4,568,731
At 31 August 2021
2,718,237
5,248
128,500
2,851,985
At 31 August 2020
2,775,523
7,932
127,814
2,911,269
Fair value at 1 September 2020
4,328,000
At 31 August 2021
4,328,000
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
10,735
31,089
Deferred tax asset
39,783
97,034
Accrued income and prepayments
36,853
18,930
Other debtors
1,427,601
1,480,654
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
39,918
-
Trade creditors
355,138
237,561
Taxes and social security
482,959
539,104
Other creditors
1,237
20,470
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Creditors: amounts falling due after more than one year
2021
2020
Bank loans
1,464,356
1,262,629
The Epic Group (Scotland) Limited
Notes to the Accounts
for the year ended 31 August 2021
10
Average number of employees
During the year the average number of employees was 16 (2020: 30).
