Company Registration Number SC391348 (Scotland)
EPIPOLE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
PAGES FOR FILING WITH REGISTRAR
EPIPOLE LTD
CONTENTS
Page
Balance sheet and notes to the financial statements
1 - 2
EPIPOLE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2020
31 December 2020
- 1 -
2020
2020
£
£
£
£
Fixed assets
12,869
4,370
Current assets
908,536
478,562
Prepayments and accrued income
1,935
3,730
Creditors: amounts falling due within one year
(174,975)
(193,397)
Net current assets
735,496
288,895
Total assets less current liabilities
748,365
293,265
Creditors: amounts falling due after more than one year
(240,863)
(252,214)
Net assets
507,502
41,051
Capital and reserves
507,502
41,051
Notes to the financial statements
1
Employees
The average number of persons
,
including directors
,
employed by the company during the period wa
s as follows:
2020
2020
Number
Number
Employees
10
4
2
Going Concern
The company has made a loss for the year which is in accordance with the company's plan to invest in the company's product to create a
strong and scalable base
for future growth.
The company have
experienced increasing levels of enquiries in
the new product during
the second half of the year which will lead to increased revenue growth in FY2021.
The Directors continually assess the funding needs of the business and work closely with existing shareholders who continue to support the company.
Based on the increased revenues for FY2021 and the continued support of shareholders, the Directors consider that the company will have adequate resources for the foreseeable future and that the financial statements should be prepared on that basis.
EPIPOLE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2020
31 December 2020
- 2 -
Epipole Ltd is a private company limited by shares incorporated in Scotland. The registered office is 3 St Davids Business Park, Dalgety Bay, Dunfermline, Fife, KY11 9PF.
For the period ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 June 2021 and are signed on its behalf by:
Mr P Williams
Director
Company Registration Number SC391348