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REGISTERED NUMBER: 01570153 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CCI EUROLAM LIMITED

CCI EUROLAM LIMITED (REGISTERED NUMBER: 01570153)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CCI EUROLAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Alain Paul Michel Kahn
Mark Gordon



REGISTERED OFFICE: Ulnes Walton Lane - by email only
Leyland
Preston
Lancashire
PR26 8NB



REGISTERED NUMBER: 01570153 (England and Wales)



AUDITORS: Wallwork Nelson & Johnson
Chartered Accountants & Statutory Auditors
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



BANKERS: RBS Nat West
P O Box 35
35 Fishergate
Preston
Lancashire
PR1 2GU

CCI EUROLAM LIMITED (REGISTERED NUMBER: 01570153)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,112 89,009

CURRENT ASSETS
Stocks 1,137,229 1,341,798
Debtors 5 1,629,622 1,804,911
Cash at bank and in hand 936,981 480,953
3,703,832 3,627,662
CREDITORS
Amounts falling due within one year 6 803,568 927,157
NET CURRENT ASSETS 2,900,264 2,700,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,954,376

2,789,514

CREDITORS
Amounts falling due after more than one
year

7

-

(7,250

)

PROVISIONS FOR LIABILITIES (13,363 ) (31,017 )
NET ASSETS 2,941,013 2,751,247

CAPITAL AND RESERVES
Called up share capital 450,000 450,000
Share premium 327,442 327,442
Retained earnings 2,163,571 1,973,805
SHAREHOLDERS' FUNDS 2,941,013 2,751,247

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 Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:





Alain Paul Michel Kahn - Director


CCI EUROLAM LIMITED (REGISTERED NUMBER: 01570153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

CCI Eurolam 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for goods and services supplied during the year net of trade discounts, Value Added Tax and any other sales related taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided on all tangible fixed assets when brought into use at rates calculated to write off the cost or valuation, less residual value, of each asset on a straight line basis over its expected useful economic life as follows:

Plant and machinery- 10% - 33.3%


Stocks
Stocks, which comprise goods for resale, are stated at the lower of actual purchase cost and net realisable 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.

CCI EUROLAM LIMITED (REGISTERED NUMBER: 01570153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currency translations
Transactions in foreign currencies are translated into sterling, as they arise, at the rates of exchange determined by HMRC.

Monetary assets and liabilities denominated in foreign currencies are translated to sterling either at the rate of exchange ruling at the balance sheet date or at the average contracted rate when covered by a forward exchange contract.

All foreign exchange differences are taken to the profit and loss account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and leases which result in the transfer to the company of substantially all the risks and rewards of ownership (finance leases) are capitalised as tangible fixed assets and are depreciated in accordance with the above policy. Obligations under such agreements are included in creditors net of finance charges allocated to future periods. The finance element of the rental payments is charged to the profit and loss account on a straight line basis over the term of the lease or hire purchase contract.

Rentals paid under other leases (operating leases) are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates defined contributory pension schemes and the assets of these schemes are held separately from those of the company. The contributions to the schemes are charged to the profit and loss account as they become payable.

Going concern
The continued adoption of the going concern basis of accounting depends upon the continued support of the company's bank and the directors are confident that the existing finance facilities will remain in place for the foreseeable future.

On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

CCI EUROLAM LIMITED (REGISTERED NUMBER: 01570153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 927,744
Additions 3,345
Disposals (23,325 )
At 31 December 2023 907,764
DEPRECIATION
At 1 January 2023 838,735
Charge for year 30,998
Eliminated on disposal (16,081 )
At 31 December 2023 853,652
NET BOOK VALUE
At 31 December 2023 54,112
At 31 December 2022 89,009

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 30,840
DEPRECIATION
At 1 January 2023 22,102
Charge for year 6,168
At 31 December 2023 28,270
NET BOOK VALUE
At 31 December 2023 2,570
At 31 December 2022 8,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 1,436,273 1,618,383
Prepayments and accrued income 193,349 186,528
1,629,622 1,804,911

CCI EUROLAM LIMITED (REGISTERED NUMBER: 01570153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts (see note 8) 6,774 9,289
Trade creditors 460,751 539,263
Tax 95,743 63,838
Social security and other taxes 44,236 47,856
VAT 116,090 126,501
Other creditors 9,504 8,410
Accrued expenses 70,470 132,000
803,568 927,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts (see note 8) - 7,250

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 6,774 9,289
Between one and five years - 7,250
6,774 16,539

Non-cancellable operating leases
31/12/23 31/12/22
£    £   
Within one year 82,500 82,500
Between one and five years 165,000 247,500
247,500 330,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Woodburn FCA (Senior Statutory Auditor)
for and on behalf of Wallwork Nelson & Johnson

10. ULTIMATE CONTROLLING PARTY

Aresco Limited is the intermediate holding company of CCI Eurolam Limited.

CCI Eurolam SA, a company incorporated in France, controls Aresco Limited. Comptoir Commercial d'Importation SA, a company incorporated in France, is the ultimate parent company.