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REGISTERED NUMBER: SC260477 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

EURO ENERGY SERVICES LIMITED

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EURO ENERGY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: D Anderson





SECRETARY:





REGISTERED OFFICE: Unit B, Minto Avenue
Altens Industrial Estate
Aberdeen
AB12 3JZ





REGISTERED NUMBER: SC260477 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,066 79,266

CURRENT ASSETS
Debtors 5 731,735 647,563
Cash at bank 29,605 158,439
761,340 806,002
CREDITORS
Amounts falling due within one year 6 318,373 382,456
NET CURRENT ASSETS 442,967 423,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,033

502,812

CREDITORS
Amounts falling due after more than one
year

7

(278,385

)

(238,733

)

PROVISIONS FOR LIABILITIES (12,863 ) (8,551 )
NET ASSETS 250,785 255,528

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 250,775 255,518
SHAREHOLDERS' FUNDS 250,785 255,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





D Anderson - Director


EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Euro Energy Services Limited is a private company, limited by shares , registered in Scotland. 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 - 33% on cost, 25% on cost and 20% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 20 ) .

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 574,989
Additions 62,532
At 31 March 2022 637,521
DEPRECIATION
At 1 April 2021 495,723
Charge for year 42,732
At 31 March 2022 538,455
NET BOOK VALUE
At 31 March 2022 99,066
At 31 March 2021 79,266

The net book value of motor vehicles held under hire purchase agreements at 31 March 2022 was £54,617 (2021 - £31,417).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 268,582 362,103
Other debtors 463,153 285,460
731,735 647,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 71,780 35,006
Hire purchase contracts 10,892 6,181
Trade creditors 117,490 49,755
Taxation and social security 104,116 275,714
Other creditors 14,095 15,800
318,373 382,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 238,080 214,994
Hire purchase contracts 40,305 23,739
278,385 238,733

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.22 31.3.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 238,080 214,994