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Company Registration No. 07006576 (England and Wales)
EURO'S BEST PROFILES LTD Unaudited accounts for the year ended 31 March 2024
EURO'S BEST PROFILES LTD Unaudited accounts Contents
Page
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EURO'S BEST PROFILES LTD Company Information for the year ended 31 March 2024
Directors
Amarjit Singh SAGOO Kamalpreet SINGH
Company Number
07006576 (England and Wales)
Registered Office
407 LEY STREET ILFORD ESSEX IG1 4AB
Accountants
Accountingpreneur Limited Second Floor 26 Goodge Street Fitzrovia London W1T 2QG
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EURO'S BEST PROFILES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
13,211 
17,516 
23,211 
27,516 
Current assets
Inventories
147,000 
101,000 
Debtors
3,166 
1,369 
Cash at bank and in hand
23,979 
127,077 
174,145 
229,446 
Creditors: amounts falling due within one year
(151,083)
(190,523)
Net current assets
23,062 
38,923 
Total assets less current liabilities
46,273 
66,439 
Creditors: amounts falling due after more than one year
(10,175)
(20,824)
Net assets
36,098 
45,615 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
36,097 
45,614 
Shareholders' funds
36,098 
45,615 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Amarjit Singh SAGOO Director Company Registration No. 07006576
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EURO'S BEST PROFILES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
EURO'S BEST PROFILES LTD is a private company, limited by shares, registered in England and Wales, registration number 07006576. The registered office is 407 LEY STREET, ILFORD, ESSEX, IG1 4AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight line method
Motor vehicles
10% Straight line method
Computer equipment
10% Straight line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
10,000 
At 31 March 2024
10,000 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
10,000 
At 31 March 2023
10,000 
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EURO'S BEST PROFILES LTD Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
41,506 
400 
1,537 
43,443 
At 31 March 2024
41,506 
400 
1,537 
43,443 
Depreciation
At 1 April 2023
25,297 
400 
230 
25,927 
Charge for the year
4,151 
- 
154 
4,305 
At 31 March 2024
29,448 
400 
384 
30,232 
Net book value
At 31 March 2024
12,058 
- 
1,153 
13,211 
At 31 March 2023
16,209 
- 
1,307 
17,516 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
166 
- 
Accrued income and prepayments
3,000 
1,369 
3,166 
1,369 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
11,976 
12,537 
Trade creditors
48,742 
41,145 
Taxes and social security
5,659 
11,131 
Other creditors
5,729 
53,445 
Loans from directors
68,329 
61,617 
151,083 
190,523 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,175 
20,824 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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