true
EPA Products Limited
03129515
2015-01-31
642863
596491
642963
596591
100
100
642963
596591
5818
5818
648781
602409
610690
568373
236196
264765
846886
833138
145592
155863
398000
363695
303294
313580
38091
34036
38091
34036
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
The company has no financial instruments.
Plant & Machinery
Reducing balance
0.1500
Fixtures & Fittings
Reducing balance
0.1500
Motor Vehicles
Reducing balance
0.2000
81726
78372
22797
-19443
43635
44336
6300
-7001
81726
78372
22797
-19443
43635
44336
-7001
6300
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2015-08-11
Mr A S Williamson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
EPA Products Limited
2014-02-01
2015-01-31
EPA Products Limited
2013-02-01
2014-01-31
EPA Products Limited
2013-01-31
EPA Products Limited
2014-01-31
EPA Products Limited
2014-01-31
EPA Products Limited
2015-01-31
2015-08-13