EUROPEAN ASIAN METAL LTD

Company Registration Number:
08265993 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

EUROPEAN ASIAN METAL LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

EUROPEAN ASIAN METAL LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 241,130 268,639
Total fixed assets: 241,130 268,639
Current assets
Stocks: 112,448 149,312
Debtors:   86,543 92,371
Cash at bank and in hand: 273,995 398,306
Total current assets: 472,986 639,989
Creditors: amounts falling due within one year:   (168,695) (201,376)
Net current assets (liabilities): 304,291 438,613
Total assets less current liabilities: 545,421 707,252
Creditors: amounts falling due after more than one year:   (498,152) (649,588)
Total net assets (liabilities): 47,269 57,664
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 37,269 47,664
Shareholders funds: 47,269 57,664

The notes form part of these financial statements

EUROPEAN ASIAN METAL LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 June 2024
and signed on behalf of the board by:

Name: JAICHANDRAN SUGUMARAN
Status: Director

The notes form part of these financial statements

EUROPEAN ASIAN METAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

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 10% Reducing Balance Motor Vehicles 18% Reducing Balance Fixtures and Fittings 18% Reducing Balance

EUROPEAN ASIAN METAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 7 8

EUROPEAN ASIAN METAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 492,858
At 31 October 2023 492,858
Depreciation
At 01 November 2022 224,219
Charge for year 27,509
At 31 October 2023 251,728
Net book value
At 31 October 2023 241,130
At 31 October 2022 268,639