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REGISTERED NUMBER: 08200227 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

EURASIA INNOVATIONS LIMITED

EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EURASIA INNOVATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: B Clarke





REGISTERED OFFICE: 11d Carcroft Enterprise Park
Carcroft
Doncaster
South Yorkshire
DN6 8DD





REGISTERED NUMBER: 08200227 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
203 Askern Road
Bentley
Doncaster
South Yorkshire
DN5 0JR

EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)

ABRIDGED BALANCE SHEET
31 OCTOBER 2022

31.10.22 31.10.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,339 59,874

CURRENT ASSETS
Stocks 110,000 429,510
Debtors 117,239 105,818
Cash at bank 71,805 60,474
299,044 595,802
CREDITORS
Amounts falling due within one year (266,571 ) (470,147 )
NET CURRENT ASSETS 32,473 125,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,812

185,529

CREDITORS
Amounts falling due after more than one
year

(100,802

)

(28,530

)

PROVISIONS FOR LIABILITIES - (10,806 )
NET ASSETS 3,010 146,193

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 3,008 146,191
SHAREHOLDERS' FUNDS 3,010 146,193

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2023 and were signed by:





B Clarke - Director


EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)

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

1. STATUTORY INFORMATION

Eurasia Innovations Limited is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021 86,632
Additions 28,129
At 31 October 2022 114,761
DEPRECIATION
At 1 November 2021 26,758
Charge for year 16,664
At 31 October 2022 43,422
NET BOOK VALUE
At 31 October 2022 71,339
At 31 October 2021 59,874

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2021
and 31 October 2022 18,000
DEPRECIATION
At 1 November 2021 1,875
Charge for year 4,031
At 31 October 2022 5,906
NET BOOK VALUE
At 31 October 2022 12,094
At 31 October 2021 16,125

EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)

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

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.22 31.10.21
£    £   
Net obligations repayable:
Within one year 4,533 2,267
Between one and five years - 9,067
4,533 11,334

Non-cancellable operating leases
31.10.22 31.10.21
£    £   
Within one year 60,996 32,706
Between one and five years 61,108 65,921
122,104 98,627

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Other loans 263,974 146,923

Other loans are secured by a personal guarantee by the directors.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
2 Ordinary £1 2 2

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
B Clarke
Balance outstanding at start of year 72,972 122,972
Amounts advanced 51,360 20,653
Amounts repaid (51,360 ) (70,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,972 72,972

EURASIA INNOVATIONS LIMITED (REGISTERED NUMBER: 08200227)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest was paid by the director on the overdrawn loan account at the official rate of interest, amounting to £1,806 (2021: £2,330) during the year.