Eurocomfort Ltd Filleted Accounts Cover
Eurocomfort Ltd
Company No. 05264937
Information for Filing with The Registrar
31 December 2022
Eurocomfort Ltd Balance Sheet Registrar
at
31 December 2022
Company No.
05264937
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
710568
710568
Current assets
Stocks
5
12,63216,983
Debtors
6
18,81387,123
Cash at bank and in hand
9,3888,136
40,833112,242
Creditors: Amount falling due within one year
7
(62,323)
(112,693)
Net current liabilities
(21,490)
(451)
Total assets less current liabilities
(20,780)
117
Creditors: Amounts falling due after more than one year
8
(15,895)
(23,700)
Net liabilities
(36,675)
(23,583)
Capital and reserves
Called up share capital
11
Profit and loss account
9
(36,676)
(23,584)
Total equity
(36,675)
(23,583)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 January 2024
And signed on its behalf by:
R.S. Sandhu
Director
30 January 2024
Eurocomfort Ltd Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: 05264937
Its registered office is:
21 Ledbury Place
Croydon
Surrey
CR0 1ET
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.


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 rate 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 differences.
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account.
Pension benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
34
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2022
4,7302,9517,681
Additions
379-379
At 31 December 2022
5,1092,9518,060
Depreciation
At 1 January 2022
4,4782,6357,113
Charge for the year
63174237
At 31 December 2022
4,5412,8097,350
Net book values
At 31 December 2022
568142710
At 31 December 2021
252316568
5
Stocks
2022
2021
£
£
Finished goods
12,63216,983
12,63216,983
6
Debtors
2022
2021
£
£
Trade debtors
18,6463,282
VAT recoverable
(181)
1,803
Other debtors
1855,611
Prepayments and accrued income
16376,427
18,81387,123
7
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
8,2183,143
Trade creditors
8,0877,585
Amounts owed to group undertakings
38,21997,246
Other taxes and social security
639599
Loans from directors
8301,106
Other creditors
3,318-
Accruals and deferred income
3,0123,014
62,323112,693
8
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Other loans
15,89523,700
15,89523,700
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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