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REGISTERED NUMBER: 02226647 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

EUROTEK DESIGNS LTD

EUROTEK DESIGNS LTD (REGISTERED NUMBER: 02226647)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


EUROTEK DESIGNS LTD (REGISTERED NUMBER: 02226647)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,066 10,082

CURRENT ASSETS
Stocks 5 78,302 66,442
Debtors 6 436,913 514,695
Cash at bank 585,786 609,719
1,101,001 1,190,856
CREDITORS
Amounts falling due within one year 7 338,568 484,103
NET CURRENT ASSETS 762,433 706,753
TOTAL ASSETS LESS CURRENT LIABILITIES 770,499 716,835

PROVISIONS FOR LIABILITIES 1,531 1,914
NET ASSETS 768,968 714,921

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 768,965 714,918
SHAREHOLDERS' FUNDS 768,968 714,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

EUROTEK DESIGNS LTD (REGISTERED NUMBER: 02226647)

Balance Sheet - continued
31 August 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr J D Thomas - Director


EUROTEK DESIGNS LTD (REGISTERED NUMBER: 02226647)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Eurotek Designs Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 02226647

Registered office: Unit 16 Llandough Trading Estate
Penarth Road
Cardiff
CF11 8RR

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 - 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 Profit and Loss Account, 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.

EUROTEK DESIGNS LTD (REGISTERED NUMBER: 02226647)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

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

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 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022
and 31 August 2023 66,483
DEPRECIATION
At 1 September 2022 56,401
Charge for year 2,016
At 31 August 2023 58,417
NET BOOK VALUE
At 31 August 2023 8,066
At 31 August 2022 10,082

5. STOCKS
2023 2022
£    £   
Stocks 78,302 66,442

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 422,117 440,953
Other debtors 14,796 73,742
436,913 514,695

EUROTEK DESIGNS LTD (REGISTERED NUMBER: 02226647)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 224,332 356,761
Taxation and social security 72,895 43,357
Other creditors 41,341 83,985
338,568 484,103

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 42,250 9,963
Between one and five years 158,438 -
200,688 9,963

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2
1 Ordinary A £1 1 1
3 3