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REGISTERED NUMBER: 04318237 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Europa Retail Limited

Europa Retail Limited (Registered number: 04318237)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Europa Retail Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: I M Patel





REGISTERED OFFICE: Europa House
Unit 2
Bennington Street
Blackburn
Lancashire
BB2 3HP





REGISTERED NUMBER: 04318237 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Europa Retail Limited (Registered number: 04318237)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,824 2,338

CURRENT ASSETS
Stocks 277,330 233,410
Debtors 813 266
Cash at bank and in hand 9,900 55,864
288,043 289,540
CREDITORS
Amounts falling due within one year 77,271 82,101
NET CURRENT ASSETS 210,772 207,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,596

209,777

PROVISIONS FOR LIABILITIES 347 444
NET ASSETS 212,249 209,333

CAPITAL AND RESERVES
Called up share capital 6 30 30
Retained earnings 212,219 209,303
SHAREHOLDERS' FUNDS 212,249 209,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Europa Retail Limited (Registered number: 04318237)

Abridged Balance Sheet - continued
31 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 year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





I M Patel - Director


Europa Retail Limited (Registered number: 04318237)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Europa Retail 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.

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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

The company operates retail shops for the sale of clothing, tools and certain related products. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card. Sales are made to retail customers with a right to return within 28 days, subject to certain conditions regarding the usage. Accumulated experience is used to estimate and provide for such returns at the time of sale. The company does not operate any loyalty programmes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are originally recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

Europa Retail Limited (Registered number: 04318237)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 9,520
DEPRECIATION
At 1 April 2023 7,182
Charge for year 514
At 31 March 2024 7,696
NET BOOK VALUE
At 31 March 2024 1,824
At 31 March 2023 2,338

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Between one and five years 60,000 -
In more than five years - 72,000
60,000 72,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
30 Ordinary £1 30 30

7. RELATED PARTY DISCLOSURES

The company is under the ultimate control of no one individual as the shareholdings are equal.