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REGISTERED NUMBER: 03645077 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EUROWIRE CONTAINERS LIMITED

EUROWIRE CONTAINERS LIMITED (REGISTERED NUMBER: 03645077)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


EUROWIRE CONTAINERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M Yunus
Mr S M Maan





REGISTERED OFFICE: Maypole Fields
CRADLEY HEATH
West Midlands
B63 2QB





REGISTERED NUMBER: 03645077 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EUROWIRE CONTAINERS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eurowire Containers Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eurowire Containers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eurowire Containers Limited and state those matters that we have agreed to state to the Board of Directors of Eurowire Containers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eurowire Containers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eurowire Containers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eurowire Containers Limited. You consider that Eurowire Containers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eurowire Containers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


12 September 2024

EUROWIRE CONTAINERS LIMITED (REGISTERED NUMBER: 03645077)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 708,154 717,281
708,154 717,281

CURRENT ASSETS
Stocks 81,832 92,911
Debtors 6 222,185 355,837
Cash at bank 98,618 30,112
402,635 478,860
CREDITORS
Amounts falling due within one year 7 386,344 468,522
NET CURRENT ASSETS 16,291 10,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

724,445

727,619

CREDITORS
Amounts falling due after more than one
year

8

(180,378

)

(194,378

)

PROVISIONS FOR LIABILITIES (60,836 ) (60,764 )
NET ASSETS 483,231 472,477

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 483,111 472,357
SHAREHOLDERS' FUNDS 483,231 472,477

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 directors acknowledge their 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.

EUROWIRE CONTAINERS LIMITED (REGISTERED NUMBER: 03645077)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mr S M Maan - Director


EUROWIRE CONTAINERS LIMITED (REGISTERED NUMBER: 03645077)

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

1. STATUTORY INFORMATION

Eurowire Containers 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

EUROWIRE CONTAINERS LIMITED (REGISTERED NUMBER: 03645077)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 470,736 998,967 16,992 2,250 1,488,945
Additions - 59,231 - 3,053 62,284
At 31 December 2023 470,736 1,058,198 16,992 5,303 1,551,229
DEPRECIATION
At 1 January 2023 102,232 651,874 16,904 654 771,664
Charge for year 9,416 60,814 22 1,159 71,411
At 31 December 2023 111,648 712,688 16,926 1,813 843,075
NET BOOK VALUE
At 31 December 2023 359,088 345,510 66 3,490 708,154
At 31 December 2022 368,504 347,093 88 1,596 717,281

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2009 98,025 - - - 98,025
Valuation in 2016 61,375 - - - 61,375
Cost 311,336 1,058,198 16,992 5,303 1,391,829
470,736 1,058,198 16,992 5,303 1,551,229

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 311,336 311,336
Aggregate depreciation 87,363 81,136

Freehold land and buildings were valued on an open market basis on 1 March 2016 by John Truslove .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 190,785 312,182
Other debtors 31,400 43,655
222,185 355,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,125 7,677
Hire purchase contracts 20,845 20,845
Trade creditors 306,476 402,933
Taxation and social security 28,768 32,237
Other creditors 20,130 4,830
386,344 468,522

EUROWIRE CONTAINERS LIMITED (REGISTERED NUMBER: 03645077)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,407 95,403
Hire purchase contracts 53,231 74,075
Other creditors 107,740 24,900
180,378 194,378

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 74,076 94,920