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REGISTERED NUMBER: 05686273 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

E-SERVICE ( EUROPE) LIMITED

E-SERVICE ( EUROPE) LIMITED (REGISTERED NUMBER: 05686273)






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


E-SERVICE ( EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C R Veitch
N J Veitch
M J Clokie
A Anjo
P Scott



SECRETARY: N J Veitch



REGISTERED OFFICE: 20 Harcourt Street
London
W1H 4HG



REGISTERED NUMBER: 05686273 (England and Wales)



SENIOR STATUTORY AUDITOR: Stephen William Evans



AUDITORS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

E-SERVICE ( EUROPE) LIMITED (REGISTERED NUMBER: 05686273)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,463 27,919

CURRENT ASSETS
Stocks 542,772 503,171
Debtors 5 543,932 483,621
Cash at bank 88,006 135,223
1,174,710 1,122,015
CREDITORS
Amounts falling due within one year 6 (689,947 ) (622,313 )
NET CURRENT ASSETS 484,763 499,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,226

527,621

CREDITORS
Amounts falling due after more than one
year

7

(466,891

)

(406,891

)

PROVISIONS FOR LIABILITIES 8 (34,000 ) (20,000 )
NET ASSETS 10,335 100,730

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 10,235 100,630
SHAREHOLDERS' FUNDS 10,335 100,730

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 6 September 2024 and were signed on its behalf by:





N J Veitch - Director


E-SERVICE ( EUROPE) LIMITED (REGISTERED NUMBER: 05686273)

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

1. STATUTORY INFORMATION

E-service ( Europe) 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
Service revenues are recognised when the service is performed, with the exception of service revenues derived from time based maintenance contracts, when revenue is recognised evenly over the period of the contract..

Sales of goods are recognised when the goods are delivered to the customer.

Tangible fixed assets
Depreciation is provided at rates of 20% and 25% on cost so as to write off the cost of each asset, less its estimated residual value, over its expected useful life.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

E-SERVICE ( EUROPE) LIMITED (REGISTERED NUMBER: 05686273)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 56,840
Additions 8,422
At 31 December 2023 65,262
DEPRECIATION
At 1 January 2023 28,921
Charge for year 9,878
At 31 December 2023 38,799
NET BOOK VALUE
At 31 December 2023 26,463
At 31 December 2022 27,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 453,518 400,329
Other debtors 90,414 83,292
543,932 483,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 397,463 445,979
Taxation and social security 118,938 54,606
Other creditors 173,546 121,728
689,947 622,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 466,891 406,891

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Other provisions 34,000 20,000

E-SERVICE ( EUROPE) LIMITED (REGISTERED NUMBER: 05686273)

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

8. PROVISIONS FOR LIABILITIES - continued

Other
provisions
£   
Balance at 1 January 2023 20,000
Provided during year 14,000
Balance at 31 December 2023 34,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 100,630
Deficit for the year (50,395 )
Dividends (40,000 )
At 31 December 2023 10,235

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

The Report of the Auditors was unqualified.

Stephen William Evans (Senior Statutory Auditor)
for and on behalf of William Evans & Partners

12. OTHER FINANCIAL COMMITMENTS

At 31st December 2023 the company had commitments under operating leases expiring between 1 and 5 years totalling £306,083 ( 31st December 2022: £465,952).

13. ULTIMATE CONTROLLING PARTY

The company is the subsidiary of Veitch Family Holdings Limited, a private company registered in England and Wales, which owns 65% of the issued share capital. Veitch Family Holdings Limited is the ultimate controlling party