Euro Uk Enterprises Ltd 04372947 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is automotive repairs. Digita Accounts Production Advanced 6.30.9574.0 true true 04372947 2022-11-01 2023-10-31 04372947 2023-10-31 04372947 bus:Director1 2023-10-31 04372947 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-10-31 04372947 core:RetainedEarningsAccumulatedLosses 2023-10-31 04372947 core:ShareCapital 2023-10-31 04372947 core:CurrentFinancialInstruments 2023-10-31 04372947 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04372947 core:FurnitureFittingsToolsEquipment 2023-10-31 04372947 core:MotorVehicles 2023-10-31 04372947 core:OtherPropertyPlantEquipment 2023-10-31 04372947 bus:SmallEntities 2022-11-01 2023-10-31 04372947 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04372947 bus:FilletedAccounts 2022-11-01 2023-10-31 04372947 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04372947 bus:RegisteredOffice 2022-11-01 2023-10-31 04372947 bus:Director1 2022-11-01 2023-10-31 04372947 bus:Director2 2022-11-01 2023-10-31 04372947 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-01 2023-10-31 04372947 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04372947 core:FurnitureFittings 2022-11-01 2023-10-31 04372947 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 04372947 core:MotorVehicles 2022-11-01 2023-10-31 04372947 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 04372947 core:PlantMachinery 2022-11-01 2023-10-31 04372947 countries:AllCountries 2022-11-01 2023-10-31 04372947 2022-10-31 04372947 core:FurnitureFittingsToolsEquipment 2022-10-31 04372947 core:MotorVehicles 2022-10-31 04372947 core:OtherPropertyPlantEquipment 2022-10-31 04372947 2021-11-01 2022-10-31 04372947 2022-10-31 04372947 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-10-31 04372947 core:RetainedEarningsAccumulatedLosses 2022-10-31 04372947 core:ShareCapital 2022-10-31 04372947 core:CurrentFinancialInstruments 2022-10-31 04372947 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 04372947 core:FurnitureFittingsToolsEquipment 2022-10-31 04372947 core:MotorVehicles 2022-10-31 04372947 core:OtherPropertyPlantEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04372947

Euro Uk Enterprises Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2023

 

Euro Uk Enterprises Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Abridged Financial Statements

5 to 8

 

Euro Uk Enterprises Ltd

Company Information

Directors

Alan Roylance

Christopher Alan Roylance

Registered office

Fox House Holly Road
Thornton Trading Estate
Thornton Cleveleys
Lancashire
FY5 4HR

Accountants

Rawcliffe & Co Limited
Chartered Accountants
Unit 1 Barons Court
Graceways
Whitehills Business Park
Blackpool
Lancashire
FY4 5GP

 

Euro Uk Enterprises Ltd

Directors' Report for the Year Ended 31 October 2023

The directors present their report and the abridged financial statements for the year ended 31 October 2023.

Directors of the company

The directors who held office during the year were as follows:

Alan Roylance (appointed 18 May 2023)

Christopher Alan Roylance

Principal activity

The principal activity of the company is automotive repairs.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Alan Roylance
Director

 

Euro Uk Enterprises Ltd

(Registration number: 04372947)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

107,588

82,008

Current assets

 

Stocks

7,456

7,343

Debtors

7,680

1,524

Cash at bank and in hand

 

6,997

3,947

 

22,133

12,814

Creditors: Amounts falling due within one year

(111,602)

(118,436)

Net current liabilities

 

(89,469)

(105,622)

Total assets less current liabilities

 

18,119

(23,614)

Provisions for liabilities

(20,442)

(15,581)

Accruals and deferred income

 

(1,573)

(1,717)

Net liabilities

 

(3,896)

(40,912)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(3,996)

(41,012)

Shareholders' deficit

 

(3,896)

(40,912)

 

Euro Uk Enterprises Ltd

(Registration number: 04372947)
Abridged Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These annual accounts and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime in accordance with Section 444(5) of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444(5A) of the Companies Act 2006, subject to the small companies regime, these accounts do not deliver a copy of the profit and loss account.
 

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Alan Roylance
Director

   
     
 

Euro Uk Enterprises Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Fox House Holly Road
Thornton Trading Estate
Thornton Cleveleys
Lancashire
FY5 4HR

These financial statements were authorised for issue by the Board on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Euro Uk Enterprises Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 October 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Euro Uk Enterprises Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 October 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 4).

 

Euro Uk Enterprises Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2022

32,234

61,026

116,539

209,799

Additions

41,667

17,495

2,281

61,443

At 31 October 2023

73,901

78,521

118,820

271,242

Depreciation

At 1 November 2022

27,165

33,512

67,114

127,791

Charge for the year

11,684

11,252

12,927

35,863

At 31 October 2023

38,849

44,764

80,041

163,654

Carrying amount

At 31 October 2023

35,052

33,757

38,779

107,588

At 31 October 2022

5,069

27,514

49,425

82,008

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share class 1 of £1 each

100

100

100

100