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REGISTERED NUMBER: 04557673 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Eurotech Filtration & Insulation Limited

Eurotech Filtration & Insulation Limited (Registered number: 04557673)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eurotech Filtration & Insulation Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: Mr T J Stephenson
Mrs J M Stephenson





SECRETARY: Mrs J M Stephenson





REGISTERED OFFICE: 15 Furlong Lane
Burslem Stoke On Trent
Staffordshire
ST6 3LE





REGISTERED NUMBER: 04557673 (England and Wales)





ACCOUNTANTS: Bennett Brooks (Leek) Ltd
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Eurotech Filtration & Insulation Limited (Registered number: 04557673)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,615 44,755
14,615 44,755

CURRENT ASSETS
Stocks 25,000 27,031
Debtors 6 86,727 56,910
Cash in hand 1,961 1,961
113,688 85,902
CREDITORS
Amounts falling due within one year 7 (112,067 ) (97,112 )
NET CURRENT ASSETS/(LIABILITIES) 1,621 (11,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,236

33,545

CREDITORS
Amounts falling due after more than one year 8 (13,219 ) (33,114 )
NET ASSETS 3,017 431

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,917 331
3,017 431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr T J Stephenson - Director


Eurotech Filtration & Insulation Limited (Registered number: 04557673)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Eurotech Filtration & Insulation Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Eurotech Filtration & Insulation Limited (Registered number: 04557673)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2022
and 31 October 2023 50,000
AMORTISATION
At 1 November 2022
and 31 October 2023 50,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST
At 1 November 2022 18,061 93,384 132,981 244,426
Additions - 502 - 502
Disposals - - (12,490 ) (12,490 )
At 31 October 2023 18,061 93,886 120,491 232,438
DEPRECIATION
At 1 November 2022 18,061 91,197 90,413 199,671
Charge for year - 1,387 23,011 24,398
Eliminated on disposal - - (6,246 ) (6,246 )
At 31 October 2023 18,061 92,584 107,178 217,823
NET BOOK VALUE
At 31 October 2023 - 1,302 13,313 14,615
At 31 October 2022 - 2,187 42,568 44,755

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 63,587 43,207
Other debtors 23,140 13,703
86,727 56,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 35,346 30,931
Hire purchase contracts 18,153 14,484
Trade creditors 25,931 20,802
Taxation and social security 25,849 22,752
Other creditors 6,788 8,143
112,067 97,112

Eurotech Filtration & Insulation Limited (Registered number: 04557673)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 13,219 21,304
Hire purchase contracts - 11,810
13,219 33,114

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£ £
Mr T J Stephenson and Mrs J M Stephenson
Balance outstanding at start of year (535 ) (12,033 )
Amounts advanced 12,118 53,142
Amounts repaid (312 ) (41,644 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,271 (535 )