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REGISTERED NUMBER: 02343845 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EURO ROD (LONDON) LIMITED

EURO ROD (LONDON) LIMITED (REGISTERED NUMBER: 02343845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EURO ROD (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Y Solanki





SECRETARY: A Solanki





REGISTERED OFFICE: 10 Woodrush Way
Chadwell Heath
Romford
Essex
RM6 5BL





REGISTERED NUMBER: 02343845 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

EURO ROD (LONDON) LIMITED (REGISTERED NUMBER: 02343845)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,071 35,394

CURRENT ASSETS
Debtors 5 313,001 460,099
Cash at bank 566,082 294,123
879,083 754,222
CREDITORS
Amounts falling due within one year 6 189,421 162,732
NET CURRENT ASSETS 689,662 591,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,733

626,884

CREDITORS
Amounts falling due after more than one
year

7

-

(2,889

)

PROVISIONS FOR LIABILITIES (5,300 ) (5,300 )
NET ASSETS 716,433 618,695

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8 716,430 618,692
SHAREHOLDERS' FUNDS 716,433 618,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

EURO ROD (LONDON) LIMITED (REGISTERED NUMBER: 02343845)

BALANCE SHEET - continued
31 MARCH 2024


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 17 September 2024 and were signed by:





Y Solanki - Director


EURO ROD (LONDON) LIMITED (REGISTERED NUMBER: 02343845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Euro Rod (London) 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
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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

EURO ROD (LONDON) LIMITED (REGISTERED NUMBER: 02343845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 36,212 4,308 54,803 12,212 107,535
Additions 5,213 - - - 5,213
At 31 March 2024 41,425 4,308 54,803 12,212 112,748
DEPRECIATION
At 1 April 2023 25,603 3,970 31,684 10,884 72,141
Charge for year 2,373 51 5,780 332 8,536
At 31 March 2024 27,976 4,021 37,464 11,216 80,677
NET BOOK VALUE
At 31 March 2024 13,449 287 17,339 996 32,071
At 31 March 2023 10,609 338 23,119 1,328 35,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 159,113 285,535
Other debtors 153,888 174,564
313,001 460,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,889 11,558
Taxation and social security 142,178 119,208
Other creditors 44,354 31,966
189,421 162,732

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 2,889

8. RESERVES
Retained
earnings
£   

At 1 April 2023 618,692
Profit for the year 167,338
Dividends (69,600 )
At 31 March 2024 716,430