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REGISTERED NUMBER: 02831814 (England and Wales)












EUROSOFT SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






EUROSOFT SYSTEMS LIMITED (REGISTERED NUMBER: 02831814)






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


EUROSOFT SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: R N Cole





SECRETARY: Mrs J A Cole





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 02831814 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

EUROSOFT SYSTEMS LIMITED (REGISTERED NUMBER: 02831814)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 284
Investments 5 715 715
715 999

CURRENT ASSETS
Debtors 6 172,972 153,498
Cash at bank - 8
172,972 153,506
CREDITORS
Amounts falling due within one year 7 (616,479 ) (613,096 )
NET CURRENT LIABILITIES (443,507 ) (459,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(442,792

)

(458,591

)

CAPITAL AND RESERVES
Called up share capital 8 115 115
Share premium 9 366,985 366,985
Retained earnings 9 (809,892 ) (825,691 )
SHAREHOLDERS' FUNDS (442,792 ) (458,591 )

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 director acknowledges his 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.

EUROSOFT SYSTEMS LIMITED (REGISTERED NUMBER: 02831814)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





R N Cole - Director


EUROSOFT SYSTEMS LIMITED (REGISTERED NUMBER: 02831814)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Eurosoft 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.

The accounts have been prepared on the going concern basis, as in the opinion of the director:

The director and other shareholders have confirmed their willingness not to withdraw their support to the company for the time being.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

EUROSOFT SYSTEMS LIMITED (REGISTERED NUMBER: 02831814)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 18,378
DEPRECIATION
At 1 January 2023 18,094
Charge for year 284
At 31 December 2023 18,378
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 284

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 715
NET BOOK VALUE
At 31 December 2023 715
At 31 December 2022 715

The fixed asset investments represent the company's interests in its three subsidiaries: ESL Smart Solutions Ltd, ESL Cloud Solutions Ltd, and ESL Professional Services Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,100 -
Amounts owed by group undertakings 148,077 150,657
Other debtors 2,506 2,506
VAT - 76
Prepayments 289 259
172,972 153,498

EUROSOFT SYSTEMS LIMITED (REGISTERED NUMBER: 02831814)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,881 19,756
Trade creditors 1,440 1,441
Tax 100 100
VAT 2,389 -
Other creditors 256,741 256,741
Directors' current accounts 333,178 333,808
Accrued expense 2,750 1,250
616,479 613,096

"Other creditors" are invoices for services provided of from other shareholders of the company. Deferred payment for these loans and invoices has been agreed by all parties.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
114,680 Ordinary 0.1p 115 115

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (825,691 ) 366,985 (458,706 )
Profit for the year 15,799 15,799
At 31 December 2023 (809,892 ) 366,985 (442,907 )