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Registered Number: 07960943
England and Wales

 

 

 

EURO AUTO LEASE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts EURO AUTO LEASE LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EURO AUTO LEASE LTD for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of EURO AUTO LEASE LTD , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of EURO AUTO LEASE LTD and state those matters that we have agreed to state to the Board of Directors of EURO AUTO LEASE LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EURO AUTO LEASE LTD and its Board of Directors as a body for our work or for this report
It is your duty to ensure that EURO AUTO LEASE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit EURO AUTO LEASE LTD. You consider that EURO AUTO LEASE LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of EURO AUTO LEASE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Doyles
51 Station Road
Marston Green
Birmingham
West Midlands
B37 7AB
03 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 140,142    94,707 
Debtors: amounts falling due within one year 6,682    18,861 
Cash at bank and in hand 103,281    76,897 
250,105    190,465 
Creditors: amount falling due within one year (141,387)   (96,832)
Net current assets 108,718    93,633 
 
Total assets less current liabilities 108,718    93,633 
Net assets 108,718    93,633 
 

Capital and reserves
     
Called up share capital 3 100    100 
Profit and loss account 108,618    93,533 
Shareholders' funds 108,718    93,633 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 03 October 2024 and were signed by:


-------------------------------
Thomas O'Rourke
Director
2
General Information
EURO AUTO LEASE LTD is a private company, limited by shares, registered in England and Wales, registration number 07960943, registration address 6 Oxford Arcade, Pantyrafon, Penmaenmawr, Gwynedd, LL34 6AE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

4.

Ultimate controlling party

The ultimate controlling party is the director, by virtue of his 100% shareholding of the company's issued share capital.
3