17
EPS Training and Events Ltd Company No. 07101042 Directors' Report and Unaudited Accounts 31 December 2016
EPS Training and Events Ltd
Company No. 07101042
Directors' Report and
Unaudited Accounts
31 December 2016
CONTENTS
Pages
2
Company Information
Directors' Report 3
Prci±i. Lcss
Balance Sheet 6
EPS Training and Events Ltd
Fage
COMPANY INFORMATION
Directors
K.M. Blackburn
S. Gallagher
M.B. Roy
M. Taylor
A.D. Thompson
Registered Office
The Hawkhills
Easingwold
York
Y061 3EG Accountants
Blue Arc Consulting Ltd
111 Cardinal Avenue
Kingston-upon-Thames
1<T2 5RZ
Page 2
DIRECTORS REPORT
ih,air ronnrt thn for the ended 31 December 201 6
The principal activity of the company during the year under review was Training and
Accreditation.
Directors Tho time the year were
K.M. Blackburn
S. Gaitagher
M.B. Roy
A. Smith (Resigned 24 September 2016)
P.G. Streets ! nesigtieu L4 LOLO'
Tha
EPS Training and Events Ltd
A.D. Thompson
A. Tucker (Resigned 13 November 2016)
The above report has been prepared in accordance with the provisions applicab\e to
companies in 15 Of
I<.M. Blackburn
Director
Zoo
the
EPS Training and Events Ltd
Page 4
ACCOUNTANTS REPORT
Accountant's Report to the Board of directors of EPS Training and Events Ltd on the
preparation of the unaudited statutory accounts for the year ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance
with your instructions, we have prepared for your approval the financial statements of EPS
Training and Events Ltd for the year ended 31 December 2016 set out on pages 5 to from the
company's accounting records and from information and explanations you have given us.
You consider that the company is exempt from an audit for the year ended 31 December 2016.
You have acknowledged, on the balance sheet, your responsibilities for complying with the
requirements of the Companies Act 2006 with respect to accounting records and the
preparation of accounts. These responsibilities include preparing financial statements that give
a true and fair view of the state of affairs of the company at the end of the financial year and
of its profit or loss for the year.
We have not carried out an audit or a review of the financial statements of EPS Training and
Events Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not,
therefore, express any opinion on the statutory financial statements.
Blue Arc Consulting Ltd
Chartered Management Accountants
111 Cardinal Avenue
Kingston-upon-Thames
KT2 5RZ
PROFIT AND LOSS ACCOUNT
the uear ended Daræmhær A
Page 5
'G 7a c.
Cost of sales (23,251) (20,533)
Operating loss (10,418) (1,920)
Loss cn ordinary activities before taxation (10,418) (7,920)
Loss for the financial year after taxation (10,418) (7,920)
STATEMENT OF COMPREHENSIVE INCOME
the year ended 2uzu
2016
2015
far tha financial aftar
Other comprehensive income
BALANCE SHEET
at 31 December 2016
Company No. 07101042
Fixed assets
Notes 2016 2015
E
Intangible assets 2
212
Distribution costs and sei!ing expenses (1,424) (12,831)
Administrative expenses (4,839) (1,301)
EPS Training and Events Ltd
Page 6
Tangible assets 3 2,340 2,955
Current assets
2,340 2,955
Debtors 4 1,095 6,353
Cash at bank and in hand 1,260 176
2,355 6,529
Creditors: Amount falling due within one year 5 (157,840) (152,211)
Net current liabilities (155,485) (145,682)
Total assets less current liabilities (153,145) (142,727)
Net liabilities (153,145) (142,727)
Capital and reserves
Called up share capital 100 100
Profit and loss account (153,245) (142,827)
Total equity (153,145) (142,727)
These accounts have been prepared in accordance with the special provisions applicable to companies
subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2016 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
Page 7
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies
Act 2006 with respect to accounting records and the preparation of accounts.
and signed on its behalf by:
K.M. Blackburn
Director
EPS Training and Events Ltd
NOTES TO THE ACCOUNTS
Page 8
for the year ended 31 December 2016
1
Basis of preparation
The account< haug hæen - Thn
applicable in the UK and Republic of Ireland and the Companies Act 2006. There were no material
departures from that standard.
Thc accounts havc bccn '•rcpa;cd COSL COiGVéüitiOii cib by die Of
Turnover
for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when alt the following conditions are satisfied:
SiSfiii iiSö.S
the Company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective coniroi over the goods soid; o the amount of revenue can be measured reliably;
it is probable that the economic benefits associated with the transaction will flow to the Company;
the
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is
passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as
reported in the profit and loss account because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. The Company's liability for
current tax is calculated using tax rates that have been enacted or substantively enacted by the end
of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities
in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax
assets are generally recognised for all deductible timing differences to the extent that it is probable that
taxable profits will be available against which those deductible temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced
to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or
part of the asset to be recovered.
NOTES TO THE ACCOUNTS
Page 9
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period
in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been
enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they relate to items
that are recognised in other comprehensive income or directly in equity, in which case, the current
and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation
and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to
determine whether there is any indication that any items have suffered an impairment loss. If any such
indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the
impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the
estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment 20% straight line
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit
and loss account. No depreciation is provided in respect of investment properties.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent
to initial recognition, any changes in fair value are recognised in profit and loss.
which cojnprise direct production costs, are based on the method most appropriate to the type of
inventory c!ess, but on a first-in-first-out basis. Overheads are charged to profit or loss as incurred Net
reai:sab:e va:ue ts oasea on tne est:mated seii:ng pr:ce iess any corupiei:on custs. When stocks
are sold, the carrying amount of those stocks is recognised as an expense in the period in
The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of
inventories recognised as an expense in the period in which the reversai occurs.
Trade and other debtors
Trade and other debtors are initiaiiy recognised at fair vaiue and thereafter stated at amortised cost using
rne effective Interest metnod, iess Impairment losses lor oau anu uout.)llt.ll uems.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank
amortised cost using the effective interest method.
EPS Training and Events Ltd
NOTES TO THE ACCOUNTS
Page 10
of exchange on the date the transaction occurred. Monetary items denominated in other currencies are
translated at the rate prevailing at the end of the reporting period. a!! differences are taken to the profit
retranslated.
ownership Of an asset, the is treateu as a finance lease.
Leases which do not transfer substantial!y a!! the risks and rewards of ownership to the Company are
Assets held under finance leases are initially recognised as assets of the Company at their fair value at
the inception of the lease or, if lower, at the present value of the minimum lease payments. The
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediateiy in profit or ioss, uniess they are direct;y attfibuiab}e to qua}ifying assets, in
which case they are capitaiised in accordance with the Company's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
In the event that lease incentives are received to enter into operating leases, such incentives are
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive
obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company
becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the
expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
2 Intangible fixed assets
Other Total
Cost
At 1 January
2016 2,250 2,250
At 31 December 2016
Amortisation and impairment
At 1 January 2016
At 31 December 2016
Net book values
2,250 2,250
2,250 2,250
2,250 2,250
NOTES TO THE ACCOUNTS
Page 11
At 31 December 2016 At 31 December 2015
3 Tangible fixed assets
Fixtures, fittings and
Total equipment
Cost or revaluation
At 1 January
2016 3,076 3,076
At 31 December 2016 Depreciation
At 1 January 2016
Charge for the year
At 31 December 2016
Net book values
At 31 December 2016 At 31 December 2015
4 Debtors
2016 2015
Trade debtors 599 3,602 VAT recoverable 496 2,751
1,095 6,353
3,076 3,076
121
615
121
615
736 736
2,340 2,340
2,955 2,955
EPS Training and Events Ltd
Page 12
Fvpnt=
5 Creditors amounts due within one year
6 Reiated party disciosures
2016 2015
rransactjons With related parties
Name of related party The Emergency Planning Society
Tinanclal support genera! amounts
Amount due from/(to) the related party (154,849) (148,885)
Controlling parties
Svuety
Ultimate contro!!ing party The Emergency Planning Society
Trade creditors
Amounts owed to group undertakings 154,849 148,885
Accrua's and deferred income 2,450
EPS Training
NOTES TO THE ACCOUNTS
Page 13
DETAILED PROFIT AND LOSS
ACCOUNT for the year ended 31
December 2016
2016 2015
Turnover 19,096 26,745
Other direct costs
Other direct costs 23,251 20,533
Cost of sales 23,251 20,533
Gross (loss)/profit
Distribution costs
Selling and marketing expenses
Other selling and marketing costs
(4,155) 6,212
EPS Training and Events Ltd
Page 14
23,251 20,533
1,424 12,831
Advertising and PR 1,424 11,229
Website costs
1,602
Administrative expenses 4,839 1,301
Operating loss (10,418) (7,920)
EPS Training
NOTES TO THE ACCOUNTS
Page 15
Distribution costs and selling expenses 1,424 12,831
427
Premises costs
Other premises costs 474
474
1,050 (3,065)
Legal and professional costs
Accountancy and bookkeeping 3,362 3,892
3,362 3,892
Loss on ordinary activities before taxation (10,418) (7,920)
Motor and travel costs
Travel and subsistence 427
General administrative costs, including depreciation and
amortisation
Depreciation of fixtures, fittings and equipment 615 121
Bad debts (18) (3,394)
Bank charges 94 93
Postage and couriers 330 115
Subscriptions 29
