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REGISTERED NUMBER: 14382361 (England and Wales)















Abridged Unaudited Financial Statements

for the Period 28 September 2022 to 28 March 2024

for

Eurotow Group Limited

Eurotow Group Limited (Registered number: 14382361)






Contents of the Financial Statements
for the Period 28 September 2022 to 28 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Eurotow Group Limited

Company Information
for the Period 28 September 2022 to 28 March 2024







DIRECTORS: Mrs K Hicks
Mr M A Hicks
Mr J E Hicks
Miss L K Hicks





REGISTERED OFFICE: 26 Sansome Walk
Worcester
Worcestershire
WR1 1LX





REGISTERED NUMBER: 14382361 (England and Wales)





ACCOUNTANTS: Smart Accountancy Solutions Limited
26 Sansome Walk
Worcester
WR1 1LX

Eurotow Group Limited (Registered number: 14382361)

Abridged Balance Sheet
28 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 812,810
Investments 5 2
812,812

CURRENT ASSETS
Debtors 227,796
Cash at bank 414,364
642,160
CREDITORS
Amounts falling due within one year 767,957
NET CURRENT LIABILITIES (125,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,015

CREDITORS
Amounts falling due after more than
one year

(202,400

)

PROVISIONS FOR LIABILITIES (85,605 )
NET ASSETS 399,010

CAPITAL AND RESERVES
Called up share capital 125
Retained earnings 398,885
399,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 2024 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.

Eurotow Group Limited (Registered number: 14382361)

Abridged Balance Sheet - continued
28 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mrs K Hicks - Director


Eurotow Group Limited (Registered number: 14382361)

Notes to the Financial Statements
for the Period 28 September 2022 to 28 March 2024

1. STATUTORY INFORMATION

Eurotow Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Eurotow Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Eurotow Group Limited (Registered number: 14382361)

Notes to the Financial Statements - continued
for the Period 28 September 2022 to 28 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,106,279
Disposals (46,445 )
At 28 March 2024 1,059,834
DEPRECIATION
Charge for period 247,024
At 28 March 2024 247,024
NET BOOK VALUE
At 28 March 2024 812,810

Eurotow Group Limited (Registered number: 14382361)

Notes to the Financial Statements - continued
for the Period 28 September 2022 to 28 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 265,000
At 28 March 2024 265,000
DEPRECIATION
Charge for period 66,250
At 28 March 2024 66,250
NET BOOK VALUE
At 28 March 2024 198,750

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 2
At 28 March 2024 2
NET BOOK VALUE
At 28 March 2024 2

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A Hicks and Mrs K Hicks.