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REGISTERED NUMBER: 08792494 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Euroclean Ltd

Euroclean Ltd (Registered number: 08792494)






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


Euroclean Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R T Ashcroft
Mrs A A Ashcroft





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





BUSINESS ADDRESS: 46c Hatton Park Road
Wellingborough
Northamptonshire
NN8 5AH





REGISTERED NUMBER: 08792494 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Euroclean Ltd (Registered number: 08792494)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,596 136,246
Investment property 5 316,895 316,895
454,491 453,141

CURRENT ASSETS
Debtors 6 318,930 262,438
Cash at bank 194,983 105,707
513,913 368,145
CREDITORS
Amounts falling due within one year 7 113,221 70,611
NET CURRENT ASSETS 400,692 297,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,183

750,675

CREDITORS
Amounts falling due after more than one year 8 (202,799 ) (215,831 )

PROVISIONS FOR LIABILITIES (24,326 ) (25,851 )
NET ASSETS 628,058 508,993

CAPITAL AND RESERVES
Called up share capital 10 3 3
Revaluation reserve (24,110 ) (24,110 )
Retained earnings 652,165 533,100
SHAREHOLDERS' FUNDS 628,058 508,993

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.

Euroclean Ltd (Registered number: 08792494)

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 Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





R T Ashcroft - Director


Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Euroclean Ltd 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 represents the total invoice value, excluding value added tax, of sales made during the period.
When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

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.

Euroclean Ltd (Registered number: 08792494)

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 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 3,984 165,655 3,394 173,033
Additions 258 74,993 2,455 77,706
Disposals - (74,886 ) - (74,886 )
At 31 December 2023 4,242 165,762 5,849 175,853
DEPRECIATION
At 1 January 2023 2,401 32,971 1,415 36,787
Charge for year 460 29,833 1,464 31,757
Eliminated on disposal - (30,287 ) - (30,287 )
At 31 December 2023 2,861 32,517 2,879 38,257
NET BOOK VALUE
At 31 December 2023 1,381 133,245 2,970 137,596
At 31 December 2022 1,583 132,684 1,979 136,246

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 316,895
NET BOOK VALUE
At 31 December 2023 316,895
At 31 December 2022 316,895

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 (57,147 )
Valuation in 2020 25,000
Cost 349,042
316,895

Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 349,042 349,042

The investment property was valued on an open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 89,048 77,697
Other debtors 30,000 35,000
Evergreen Management (UK) Ltd 86,878 86,878
CIS 113,004 51,458
VAT - 11,405
318,930 262,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 15,602 21,482
Hire purchase contracts 4,400 4,181
Corporation Tax 76,198 21,669
Social security and other taxes 6,388 10,659
Pension 209 412
VAT 2,054 -
Net wages 7,662 11,187
Directors' current accounts 8 21
Accrued expenses 700 1,000
113,221 70,611

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 41,660 74,717
Bank loans over 5 years 152,094 127,670
Hire purchase contracts 9,045 13,444
202,799 215,831

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 152,094 127,670

Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 209,356 223,869
Hire purchase contracts 13,445 17,625
222,801 241,494

The bank borrowings are secured by a way of a legal mortgage.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
3 Ordinary £1 3 3

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £86,878 by a company controlled by R T Ashcroft and Mrs A A Ashcroft (2022 £86,878). No interest has been charged on this loan.