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REGISTERED NUMBER: 04351875 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Euro Lifecare Ltd

Euro Lifecare Ltd (Registered number: 04351875)






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


Euro Lifecare Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Nigam
S Bhagat





REGISTERED OFFICE: 2nd Floor
19 Margaret Street
London
W1W 8RR





REGISTERED NUMBER: 04351875 (England and Wales)






Euro Lifecare Ltd (Registered number: 04351875)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $    $    $    $   
FIXED ASSETS
Intangible assets 4 11,683 11,683
Property, plant and equipment 5 1,412 -
Investments 6 1 1
13,096 11,684

CURRENT ASSETS
Debtors 7 2,920,304 3,318,059
Cash at bank 1,541,144 2,105,942
4,461,448 5,424,001
CREDITORS
Amounts falling due within one year 8 4,749,764 5,501,456
NET CURRENT LIABILITIES (288,316 ) (77,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(275,220

)

(65,771

)

CAPITAL AND RESERVES
Called up share capital 7,200 7,200
Retained earnings (282,420 ) (72,971 )
(275,220 ) (65,771 )

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.

Euro Lifecare Ltd (Registered number: 04351875)

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 26 September 2024 and were signed on its behalf by:





A Nigam - Director


Euro Lifecare Ltd (Registered number: 04351875)

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

1. STATUTORY INFORMATION

Euro Lifecare 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.

The presentation currency of the financial statements is the US Dollar ($).


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

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.

Patents and licences cost is being amortised evenly over its estimated useful life of ten years.

Taxation
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred Tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Euro Lifecare Ltd (Registered number: 04351875)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into US Dollars ($) at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Investments in shares and equity are stated at fair value.

Going concern
The financial statements have been prepared on a going concern basis. The company has obtained assurances and undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given these undertakings, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
$   
COST
At 1 January 2023
and 31 December 2023 159,242
AMORTISATION
At 1 January 2023
and 31 December 2023 147,559
NET BOOK VALUE
At 31 December 2023 11,683
At 31 December 2022 11,683

Euro Lifecare Ltd (Registered number: 04351875)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
$   
COST
At 1 January 2023 5,784
Additions 1,412
At 31 December 2023 7,196
DEPRECIATION
At 1 January 2023
and 31 December 2023 5,784
NET BOOK VALUE
At 31 December 2023 1,412

6. FIXED ASSET INVESTMENTS
Other
investments
$   
COST
At 1 January 2023
and 31 December 2023 326,000
PROVISIONS
At 1 January 2023
and 31 December 2023 325,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Trade debtors 2,730,224 3,236,402
Other debtors 190,080 81,657
2,920,304 3,318,059

Euro Lifecare Ltd (Registered number: 04351875)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Trade creditors 3,534,534 4,186,331
Taxation and social security 13,368 24,530
Other creditors 1,201,862 1,290,595
4,749,764 5,501,456

9. ULTIMATE CONTROLLING PARTY

During the year, the company was controlled by A Nigam, company director.