IRIS Accounts Production v23.4.0.336 12111596 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121115962022-03-31121115962023-03-31121115962022-04-012023-03-31121115962021-03-31121115962021-04-012022-03-31121115962022-03-3112111596ns15:EnglandWales2022-04-012023-03-3112111596ns14:PoundSterling2022-04-012023-03-3112111596ns10:Director12022-04-012023-03-3112111596ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3112111596ns10:SmallEntities2022-04-012023-03-3112111596ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3112111596ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112111596ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112111596ns10:FullAccounts2022-04-012023-03-3112111596ns10:OrdinaryShareClass12022-04-012023-03-3112111596ns10:Director22022-04-012023-03-3112111596ns10:RegisteredOffice2022-04-012023-03-3112111596ns5:CurrentFinancialInstruments2023-03-3112111596ns5:CurrentFinancialInstruments2022-03-3112111596ns5:ShareCapital2023-03-3112111596ns5:ShareCapital2022-03-3112111596ns5:RetainedEarningsAccumulatedLosses2023-03-3112111596ns5:RetainedEarningsAccumulatedLosses2022-03-3112111596ns5:PlantMachinery2022-04-012023-03-3112111596ns5:FurnitureFittings2022-04-012023-03-3112111596ns5:ComputerEquipment2022-04-012023-03-3112111596ns5:PlantMachinery2022-03-3112111596ns5:FurnitureFittings2022-03-3112111596ns5:ComputerEquipment2022-03-3112111596ns5:PlantMachinery2023-03-3112111596ns5:FurnitureFittings2023-03-3112111596ns5:ComputerEquipment2023-03-3112111596ns5:PlantMachinery2022-03-3112111596ns5:FurnitureFittings2022-03-3112111596ns5:ComputerEquipment2022-03-3112111596ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112111596ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3112111596ns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 12111596 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Euro Repair & Sales (UK) Ltd

Euro Repair & Sales (UK) Ltd (Registered number: 12111596)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Euro Repair & Sales (UK) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J W Walker
Mrs M D Walker





REGISTERED OFFICE: Suite 2
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES





REGISTERED NUMBER: 12111596 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Euro Repair & Sales (UK) Ltd (Registered number: 12111596)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,023 10,805

CURRENT ASSETS
Stocks - 10,755
Debtors 5 6,980 96,713
Cash at bank - 22,359
6,980 129,827
CREDITORS
Amounts falling due within one year 6 63,460 123,945
NET CURRENT (LIABILITIES)/ASSETS (56,480 ) 5,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,457

)

16,687

PROVISIONS FOR LIABILITIES - 2,053
NET (LIABILITIES)/ASSETS (47,457 ) 14,634

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (47,557 ) 14,534
SHAREHOLDERS' FUNDS (47,457 ) 14,634

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

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

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 28 March 2024 and were signed on its behalf by:





J W Walker - Director


Euro Repair & Sales (UK) Ltd (Registered number: 12111596)

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

1. STATUTORY INFORMATION

Euro Repair & Sales (UK) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts are prepared on a going concern basis which assumes that the director will continue to support the Company. If this support was not to continue then this basis may not be appropriate, as at the 31 March 2023 the company's net liabilities were £47,457 (2022: Net assets £14,634).

Should the Company then not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 - 15% on reducing balance
Fixtures, fittings and office equipment - 15% on reducing balance
Computer equipment - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Euro Repair & Sales (UK) Ltd (Registered number: 12111596)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Plant and office Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 8,680 3,538 773 12,991
DEPRECIATION
At 1 April 2022 1,412 625 149 2,186
Charge for year 1,090 437 255 1,782
At 31 March 2023 2,502 1,062 404 3,968
NET BOOK VALUE
At 31 March 2023 6,178 2,476 369 9,023
At 31 March 2022 7,268 2,913 624 10,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,775 92,803
Other debtors 205 3,910
6,980 96,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 638 -
Trade creditors 7,753 68,013
Taxation and social security 607 15,686
Other creditors 54,462 40,246
63,460 123,945

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100