1 March 2022 false No description of principal activity Taxfiler 2023.10 03019560business:PrivateLimitedCompanyLtd2022-03-012023-02-28 030195602022-02-28 030195602022-03-012023-02-28 03019560business:AuditExemptWithAccountantsReport2022-03-012023-02-28 03019560business:FilletedAccounts2022-03-012023-02-28 030195602023-02-28 03019560business:Director12022-03-012023-02-28 03019560business:Director22022-03-012023-02-28 03019560business:CompanySecretary12022-03-012023-02-28 03019560business:RegisteredOffice2022-03-012023-02-28 030195602022-02-28 03019560core:WithinOneYear2023-02-28 03019560core:WithinOneYear2022-02-28 03019560core:AfterOneYear2023-02-28 03019560core:AfterOneYear2022-02-28 03019560core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 03019560core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 03019560core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 03019560core:RevaluationReservecore:PreviouslyStatedAmount2022-02-28 03019560core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 03019560core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 03019560core:PreviouslyStatedAmount2023-02-28 03019560core:PreviouslyStatedAmount2022-02-28 03019560business:SmallEntities2022-03-012023-02-28 03019560countries:EnglandWales2022-03-012023-02-28 03019560core:PlantMachinery2022-03-012023-02-28 03019560core:FurnitureFittings2022-03-012023-02-28 03019560core:ComputerEquipment2022-03-012023-02-28 03019560core:Goodwill2022-02-28 03019560core:Goodwill2023-02-28 03019560core:LandBuildings2022-02-28 03019560core:PlantMachinery2022-02-28 03019560core:FurnitureFittings2022-02-28 03019560core:ComputerEquipment2022-02-28 03019560core:LandBuildings2022-03-012023-02-28 03019560core:LandBuildings2023-02-28 03019560core:PlantMachinery2023-02-28 03019560core:FurnitureFittings2023-02-28 03019560core:ComputerEquipment2023-02-28 03019560core:BetweenOneFiveYears2023-02-28 03019560core:BetweenOneFiveYears2022-02-28 030195602021-03-012022-02-28 iso4217:GBP xbrli:pure
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
Page
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Eurotubes UK Limited Company Information for the year ended 28 February 2023
Directors
Susan Bedford Gregory Bedford
Secretary
Susan Bedford
Company Number
03019560 (England and Wales)
Registered Office
Unit L1 Links Building Navigator Park Portland Dorset DT5 1FU
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Eurotubes UK Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
237,398 
237,398 
Tangible assets
1,105,229 
1,170,509 
1,342,627 
1,407,907 
Current assets
Inventories
42,128 
40,749 
Debtors
484,191 
607,222 
Cash at bank and in hand
94,522 
66,224 
620,841 
714,195 
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 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
18 
18 
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
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Eurotubes UK Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
237,398 
At 28 February 2023
237,398 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
237,398 
At 28 February 2022
237,398 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
28,833 
22,520 
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 
484,191 
607,222 
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 
251,990 
300,109 
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 
599,706 
719,129 
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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 
134,912 
331,206 
10
Average number of employees
During the year the average number of employees was 20 (2022: 18).
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