2023-01-01 2023-12-31 false Capium Accounts Production 1.1 03742463 bus:AbridgedAccounts 2023-01-01 2023-12-31 03742463 bus:FRS102 2023-01-01 2023-12-31 03742463 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03742463 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03742463 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03742463 2023-01-01 2023-12-31 03742463 2023-12-31 03742463 bus:RegisteredOffice 2023-01-01 2023-12-31 03742463 core:WithinOneYear 2023-12-31 03742463 core:AfterOneYear 2023-12-31 03742463 bus:Director1 2023-01-01 2023-12-31 03742463 bus:Director1 2023-12-31 03742463 bus:Director1 2022-01-01 2022-12-31 03742463 bus:Director2 2023-01-01 2023-12-31 03742463 bus:Director2 2023-12-31 03742463 bus:Director2 2022-01-01 2022-12-31 03742463 2022-01-01 03742463 bus:CompanySecretary1 2023-01-01 2023-12-31 03742463 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 03742463 2022-01-01 2022-12-31 03742463 2022-12-31 03742463 core:WithinOneYear 2022-12-31 03742463 core:AfterOneYear 2022-12-31 03742463 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 03742463 core:PlantMachinery 2023-01-01 2023-12-31 03742463 core:PlantMachinery 2023-12-31 03742463 core:PlantMachinery 2022-12-31 03742463 core:FurnitureFittings 2023-01-01 2023-12-31 03742463 core:FurnitureFittings 2023-12-31 03742463 core:FurnitureFittings 2022-12-31 03742463 core:ComputerEquipment 2023-01-01 2023-12-31 03742463 core:ComputerEquipment 2023-12-31 03742463 core:ComputerEquipment 2022-12-31 03742463 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 03742463 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 03742463 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 03742463 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 03742463 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 03742463 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 03742463 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 03742463 core:Non-currentFinancialInstruments 2023-12-31 03742463 core:Non-currentFinancialInstruments 2022-12-31 03742463 core:ShareCapital 2023-12-31 03742463 core:ShareCapital 2022-12-31 03742463 core:SharePremium 2023-12-31 03742463 core:SharePremium 2022-12-31 03742463 core:RetainedEarningsAccumulatedLosses 2023-12-31 03742463 core:RetainedEarningsAccumulatedLosses 2022-12-31 03742463 dpl:Item1 2023-01-01 03742463 dpl:Item1 2023-12-31 03742463 dpl:Item1 2022-01-01 03742463 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 03742463
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2023

for

EURO-IB LIMITED

You consider that the company is exempt from an audit for the year ended 31 December 2023 .

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 




....................................................
Sinden Thackeray Partnership
Suite 7 Beaufort House
Beaufort Court, Sir Thomas Longley Road
Rochester
Kent
ME2 4FB
15 April 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 3,048    4,520 
Investments 4 67,936    67,936 
70,984    72,456 
Current assets      
Debtors 4,551,325    4,554,127 
Cash at bank and in hand 10,795    52,384 
4,562,120    4,606,511 
Creditors: amount falling due within one year (379,962)   (377,152)
Net current assets 4,182,158    4,229,359 
 
Total assets less current liabilities 4,253,142    4,301,815 
Creditors: amount falling due after more than one year (2,589,522)   (2,334,561)
Net assets 1,663,620    1,967,254 
 

Capital and reserves
     
Called up share capital 241,761    241,761 
Share premium account 3,069,780    3,069,780 
General Reserves (500,000)   (500,000)
Profit and loss account (1,147,921)   (844,287)
Shareholder's funds 1,663,620    1,967,254 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 April 2024 and were signed on its behalf by:


-------------------------------
Mr A von Ungern Sternberg
Director
2
General Information
EURO-IB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03742463, registration address 74/75, County Street, Ground Floor and Mezzanine Floor, London, SE1 4AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 33.33% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2023 8,684    76,157    64,562    149,403 
Additions      
Disposals      
At 31 December 2023 8,684    76,157    64,562    149,403 
Depreciation
At 01 January 2023 6,708    75,038    63,137    144,883 
Charge for year 718    236    518    1,472 
On disposals      
At 31 December 2023 7,426    75,274    63,655    146,355 
Net book values
Closing balance as at 31 December 2023 1,258    883    907    3,048 
Opening balance as at 01 January 2023 1,976    1,119    1,425    4,520 


4.

Investments

Cost Other investments other than loans   Investments in group undertakings   Total
  £   £   £
At 01 January 2023 1    67,935    67,936 
Additions    
Transfer to/from tangible fixed assets    
Disposals    
At 31 December 2023 1    67,935    67,936 

5.

General Reserves

2023
£
  2022
£
Other Reserves b/fwd (500,000)   (500,000)
(500,000)   (500,000)

3