2022-04-012023-03-312023-03-31false11126663Eastron Europe 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Eastron Europe Limited

Registered Number
11126663
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Eastron Europe Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Paul Boughtwood
Graham Lockhart

Registered Address

962 Eastern Avenue
Ilford
IG2 7JD

Registered Number

11126663 (England and Wales)
Eastron Europe Limited
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets68,0179,019
Tangible assets738,78126,790
46,79835,809
Current assets
Stocks81,362,8231,086,354
Debtors91,725,138891,395
Cash at bank and on hand1,448,28896,016
4,536,2492,073,765
Creditors amounts falling due within one year10(3,171,920)(1,362,628)
Net current assets (liabilities)1,364,329711,137
Total assets less current liabilities1,411,127746,946
Creditors amounts falling due after one year11(30,739)(41,667)
Net assets1,380,388705,279
Capital and reserves
Called up share capital116112
Share premium213,913213,913
Profit and loss account1,166,359491,254
Shareholders' funds1,380,388705,279
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2024, and are signed on its behalf by:
Paul Boughtwood
Director
Registered Company No. 11126663
Eastron Europe Limited
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings10
Office Equipment15
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Stocks policy
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year106
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2210,02110,021
At 31 March 2310,02110,021
Amortisation and impairment
At 01 April 221,0021,002
Charge for year1,0021,002
At 31 March 232,0042,004
Net book value
At 31 March 238,0178,017
At 31 March 229,0199,019
7.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 223,9013,33724,08231,320
Additions3,1827,1897,86618,237
At 31 March 237,08310,52631,94849,557
Depreciation and impairment
At 01 April 225853333,6124,530
Charge for year9751,0194,2526,246
At 31 March 231,5601,3527,86410,776
Net book value
At 31 March 235,5239,17424,08438,781
At 31 March 223,3163,00420,47026,790
8.Stocks

2023

2022

££
Finished goods1,362,8231,086,354
Total1,362,8231,086,354
9.Debtors

2023

2022

££
Trade debtors / trade receivables1,030,328638,951
Other debtors568,625246,695
Prepayments and accrued income126,1855,749
Total1,725,138891,395
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,887,088999,508
Bank borrowings and overdrafts23,036-
Taxation and social security49,77460,603
Other creditors-99,617
Accrued liabilities and deferred income212,022202,900
Total3,171,9201,362,628
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts30,73941,667
Total30,73941,667