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REGISTERED NUMBER: 02505491 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EURO BRICK SYSTEMS LIMITED

EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EURO BRICK SYSTEMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Mr R Haines
Mrs N Haines
Ms D Mayes





REGISTERED OFFICE: Unit 5
Newbridge Trading Estate
Newbridge Close
Bristol
BS4 4AX





REGISTERED NUMBER: 02505491 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,650 3,300
Tangible assets 5 18,314 25,628
19,964 28,928

CURRENT ASSETS
Stocks 529,278 559,694
Debtors 6 438,619 392,501
Cash at bank 2,556,534 2,038,611
3,524,431 2,990,806
CREDITORS
Amounts falling due within one year 7 509,403 360,221
NET CURRENT ASSETS 3,015,028 2,630,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,034,992

2,659,513

PROVISIONS FOR LIABILITIES 95,553 96,356
NET ASSETS 2,939,439 2,563,157

CAPITAL AND RESERVES
Called up share capital 144 144
Capital redemption reserve 1 1
Retained earnings 2,939,294 2,563,012
2,939,439 2,563,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

BALANCE SHEET - continued
31 DECEMBER 2023


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 5 August 2024 and were signed on its behalf by:




Mrs N Haines - Director



Mr R Haines - Director


EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Euro Brick Systems 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.

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.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2023
and 31 December 2023 6,600
AMORTISATION
At 1 January 2023 3,300
Amortisation for year 1,650
At 31 December 2023 4,950
NET BOOK VALUE
At 31 December 2023 1,650
At 31 December 2022 3,300

EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 28,982 90,787 42,981 54,659 217,409
Additions - - - 2,609 2,609
At 31 December 2023 28,982 90,787 42,981 57,268 220,018
DEPRECIATION
At 1 January 2023 28,982 65,925 42,511 54,363 191,781
Charge for year - 8,288 470 1,165 9,923
At 31 December 2023 28,982 74,213 42,981 55,528 201,704
NET BOOK VALUE
At 31 December 2023 - 16,574 - 1,740 18,314
At 31 December 2022 - 24,862 470 296 25,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 325,551 294,193
Amounts owed by group undertakings 750 250
Other debtors 112,318 98,058
438,619 392,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 242,735 142,485
Taxation and social security 260,018 201,925
Other creditors 6,650 15,811
509,403 360,221

EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 28,021 67,465
Between one and five years - 28,027
28,021 95,492

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr R Haines
Balance outstanding at start of year 21,286 20,869
Amounts advanced 466 417
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,752 21,286

Mrs N Haines
Balance outstanding at start of year 19,477 19,095
Amounts advanced 426 382
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,903 19,477

Ms D Mayes
Balance outstanding at start of year 23,307 22,850
Amounts advanced 510 457
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,817 23,307

10. RELATED PARTY DISCLOSURES

EURO BRICK SYSTEMS LIMITED (REGISTERED NUMBER: 02505491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

10. RELATED PARTY DISCLOSURES - continued

The controlling party is Euro Brick Holdings Limited.

The ultimate controlling party is the Board of Directors.

Euro Brick Holdings Limited currently holds 100% of the share capital in the company.

The directors Mr R Haines, Mrs N Haines and Mrs D Mayes have significant control over the holding company.

During the year Euro Brick Holdings Limited were paid dividends of £140,532 (2022 - £530,531). At the year end Euro Brick Holdings Limited owed the company £750 (2022 - £250).