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REGISTERED NUMBER: SC126666 (Scotland)















Financial Statements for the Year Ended 31 December 2022

for

Eurotrade Windows Limited

Eurotrade Windows Limited (Registered number: SC126666)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eurotrade Windows Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J Keenan
H E Keenan





SECRETARY: H E Keenan





REGISTERED OFFICE: 30 Waggon Road
Ayr
Ayrshire
KA8 8BA





REGISTERED NUMBER: SC126666 (Scotland)






Eurotrade Windows Limited (Registered number: SC126666)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 415,442 459,920

CURRENT ASSETS
Stocks 75,497 84,897
Debtors 5 97,767 99,900
Cash at bank and in hand 59,477 87,155
232,741 271,952
CREDITORS
Amounts falling due within one year 6 934,726 714,604
NET CURRENT LIABILITIES (701,985 ) (442,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(286,543

)

17,268

CREDITORS
Amounts falling due after more than one
year

7

121,797

183,124
NET LIABILITIES (408,340 ) (165,856 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (408,440 ) (165,956 )
SHAREHOLDERS' FUNDS (408,340 ) (165,856 )

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

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

The directors acknowledge their 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.

Eurotrade Windows Limited (Registered number: SC126666)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





H E Keenan - Director


Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Eurotrade Windows 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost and in accordance with the property
Plant and machinery etc - 25% on reducing balance and 20% 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

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.

Leasehold improvements
Leasehold improvements are depreciated on a straight line basis over the term of the lease. No depreciation is provided in the year expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2021 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 335,427 461,059 796,486
Additions - 1,250 1,250
Disposals - (4,000 ) (4,000 )
Transfer to ownership - 1 1
At 31 December 2022 335,427 458,310 793,737
DEPRECIATION
At 1 January 2022 51,372 285,194 336,566
Charge for year 6,493 36,465 42,958
Eliminated on disposal - (1,229 ) (1,229 )
At 31 December 2022 57,865 320,430 378,295
NET BOOK VALUE
At 31 December 2022 277,562 137,880 415,442
At 31 December 2021 284,055 175,865 459,920

Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 January 2022 231,173
Transfer to ownership (33,314 )
At 31 December 2022 197,859
DEPRECIATION
At 1 January 2022 108,607
Charge for year 25,239
Transfer to ownership (19,669 )
At 31 December 2022 114,177
NET BOOK VALUE
At 31 December 2022 83,682
At 31 December 2021 122,566

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 33,217 25,342
Other debtors 64,550 74,558
97,767 99,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 40,402 40,546
Hire purchase contracts and finance leases 33,049 38,915
Trade creditors 93,710 83,291
Taxation and social security 634,246 404,533
Other creditors 133,319 147,319
934,726 714,604

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts and finance leases 4,548 49,863
Other creditors 117,249 133,261
121,797 183,124

Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.22 31.12.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 39,261 25,068

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Bank overdrafts 40,402 40,546
Other loans 126,213 125,447
166,615 165,993

The use by the company of its bank overdraft facility has been secured by a bond and floating charge over the assets of the company. In addition borrowings provided by Tennent Caledonian Breweries Wholesale Limited benefit from a standard security over whole subjects the Kirkton Inn, Main Street, Dalrymple, Ayr, KA6 6DF and 3 Main Street, Dalrymple KA6 6DF.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors were due £7,463 (2021 £1,436) in respect of funds advanced to the company.