Company Registration No. 03019560 (England and Wales)
Eurotubes UK Limited
Amended Unaudited accounts
for the year ended 28 February 2023
Eurotubes UK Limited
Amended Unaudited accounts
Contents
Eurotubes UK Limited
Company Information
for the year ended 28 February 2023
Directors
Susan Bedford
Gregory Bedford
Company Number
03019560 (England and Wales)
Registered Office
Unit L1 Links Building
Navigator Park
Portland
Dorset
DT5 1FU
Eurotubes UK Limited
Statement of financial position
as at 28 February 2023
Intangible assets
237,398
237,398
Tangible assets
1,105,229
1,170,509
Cash at bank and in hand
94,522
66,224
Creditors: amounts falling due within one year
(251,990)
(300,109)
Net current assets
368,851
414,086
Total assets less current liabilities
1,711,478
1,821,993
Creditors: amounts falling due after more than one year
(599,706)
(719,129)
Net assets
1,111,772
1,102,864
Called up share capital
2
2
Profit and loss account
1,111,752
1,102,844
Shareholders' funds
1,111,772
1,102,864
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2023 and were signed on its behalf by
Gregory Bedford
Director
Company Registration No. 03019560
Eurotubes UK Limited
Notes to the Accounts
for the year ended 28 February 2023
Eurotubes UK Limited is a private company, limited by shares, registered in England and Wales, registration number 03019560. The registered office is Unit L1 Links Building, Navigator Park, Portland, Dorset, DT5 1FU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2023
237,398
At 28 February 2023
237,398
At 28 February 2022
237,398
Eurotubes UK Limited
Notes to the Accounts
for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
609,466
1,283,989
37,934
83,794
2,015,183
Additions
6,373
83,130
-
-
89,503
Disposals
(23,192)
(30,032)
-
(41)
(53,265)
At 28 February 2023
592,647
1,337,087
37,934
83,753
2,051,421
At 1 March 2022
-
758,324
27,256
59,094
844,674
Charge for the year
-
121,346
3,220
4,920
129,486
On disposals
-
(27,968)
-
-
(27,968)
At 28 February 2023
-
851,702
30,476
64,014
946,192
At 28 February 2023
592,647
485,385
7,458
19,739
1,105,229
At 28 February 2022
609,466
525,665
10,678
24,700
1,170,509
Amounts falling due within one year
Trade debtors
172,036
329,564
Amounts due from group undertakings etc.
56,768
52,777
Accrued income and prepayments
110
110
Other debtors
226,444
202,251
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33,610
48,994
Obligations under finance leases and hire purchase contracts
164,825
137,632
Trade creditors
18,261
70,776
Other creditors
2,871
3,430
Loans from directors
32,423
39,277
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
340,988
356,177
Obligations under finance leases and hire purchase contracts
258,718
362,952
Eurotubes UK Limited
Notes to the Accounts
for the year ended 28 February 2023
9
Operating lease commitments
2023
2022
At 28 February 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
134,912
174,315
Later than one year and not later than five years
-
156,891
10
Average number of employees
During the year the average number of employees was 20 (2022: 18).