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REGISTERED NUMBER: 06801320 (England and Wales)















EURO CNC LTD

Unaudited Financial Statements for the Year Ended 30 January 2023






EURO CNC LTD (REGISTERED NUMBER: 06801320)






Contents of the Financial Statements
for the year ended 30 January 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


EURO CNC LTD

Company Information
for the year ended 30 January 2023







Director: T Clarke





Registered office: 10 Goodwood Road
Keytec 7 Busines Park
Pershore
Worcestershire
WR10 2JL





Registered number: 06801320 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO 4th Floor
2 Chamberlain Square
Birmingham
West Midlands
B3 3AX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Euro Cnc Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Euro Cnc Ltd for the year ended 30 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Euro Cnc Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Euro Cnc Ltd and state those matters that we have agreed to state to the director of Euro Cnc Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Euro Cnc Ltd and its director for our work or for this report.

It is your duty to ensure that Euro Cnc Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Euro Cnc Ltd. You consider that Euro Cnc Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Euro Cnc Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO 4th Floor
2 Chamberlain Square
Birmingham
West Midlands
B3 3AX


4 April 2024

EURO CNC LTD (REGISTERED NUMBER: 06801320)

Balance Sheet
30 January 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,782 2,867

Current assets
Stocks 5 38,000 30,000
Debtors 6 37,664 74,886
Cash at bank and in hand 240,781 232,441
316,445 337,327
Creditors
Amounts falling due within one year 7 339,584 296,246
Net current (liabilities)/assets (23,139 ) 41,081
Total assets less current liabilities (20,357 ) 43,948

Creditors
Amounts falling due after more than one
year

8

29,479

37,000
Net (liabilities)/assets (49,836 ) 6,948

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings (50,836 ) 5,948
Shareholders' funds (49,836 ) 6,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

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 director and authorised for issue on 4 April 2024 and were signed by:





T Clarke - Director


EURO CNC LTD (REGISTERED NUMBER: 06801320)

Notes to the Financial Statements
for the year ended 30 January 2023

1. Statutory information

Euro Cnc 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.

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.
Workshop Equipment - 20% on reducing balance
Office Equipment - 20% on reducing balance

Stocks & service contracts
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Service contracts are accounted for under the stage of completion method and included at the contract value.

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.

Going concern
The directors will continue to support the company and it is considered to be a going concern.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

EURO CNC LTD (REGISTERED NUMBER: 06801320)

Notes to the Financial Statements - continued
for the year ended 30 January 2023

4. Tangible fixed assets
Workshop Office
Equipment Equipment Totals
£    £    £   
Cost
At 31 January 2022 19,734 10,929 30,663
Additions 610 - 610
At 30 January 2023 20,344 10,929 31,273
Depreciation
At 31 January 2022 18,347 9,449 27,796
Charge for year 399 296 695
At 30 January 2023 18,746 9,745 28,491
Net book value
At 30 January 2023 1,598 1,184 2,782
At 30 January 2022 1,387 1,480 2,867

5. Stocks
2023 2022
£    £   
Stocks 38,000 30,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 21,071 70,795
Directors' current accounts 7,085 -
Tax 5,322 -
Deferred tax asset 2,956 2,956
Prepayments 1,230 1,135
37,664 74,886

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 86,733 70,816
Other loans 50,176 50,176
Trade creditors 111,934 111,934
Corporation tax 7,878 4,156
P.A.Y.E 11,989 8,534
VAT 37,396 15,695
Directors' current accounts - 1,457
Accruals and deferred income 33,478 33,478
339,584 296,246

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other loans - 2-5 years 29,479 37,000

EURO CNC LTD (REGISTERED NUMBER: 06801320)

Notes to the Financial Statements - continued
for the year ended 30 January 2023

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 January 2023 and 30 January 2022:

2023 2022
£    £   
T Clarke
Balance outstanding at start of year (1,457 ) 17,025
Amounts advanced 8,542 -
Amounts repaid - (18,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,085 (1,457 )