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REGISTERED NUMBER: SC260477 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EURO ENERGY SERVICES LIMITED

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EURO ENERGY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Anderson





SECRETARY:





REGISTERED OFFICE: Unit B, Minto Avenue
Altens Industrial Estate
Aberdeen
AB12 3JZ





REGISTERED NUMBER: SC260477 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 223,231 95,617

CURRENT ASSETS
Debtors 5 357,281 867,305
Cash at bank 17,526 88,252
374,807 955,557
CREDITORS
Amounts falling due within one year 6 446,657 536,321
NET CURRENT (LIABILITIES)/ASSETS (71,850 ) 419,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,381

514,853

CREDITORS
Amounts falling due after more than one
year

7

(332,155

)

(213,300

)

PROVISIONS FOR LIABILITIES (8,879 ) (16,533 )
NET (LIABILITIES)/ASSETS (189,653 ) 285,020

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (189,663 ) 285,010
SHAREHOLDERS' FUNDS (189,653 ) 285,020

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.

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

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.

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 14 October 2024 and were signed by:





D Anderson - Director


EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Euro Energy Services Limited is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

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 25 (2023 - 27 ) .

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 682,869
Additions 173,563
At 31 March 2024 856,432
DEPRECIATION
At 1 April 2023 587,252
Charge for year 45,949
At 31 March 2024 633,201
NET BOOK VALUE
At 31 March 2024 223,231
At 31 March 2023 95,617

The net book value of motor vehicles held under hire purchase agreements at 31 March 2024 was £31,181 (2023 - £37,475). The net book value of plant and machinery held under hire purchase agreements at 31 March 2024 was £19,774 (2023 - £29,661).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 268,465 477,578
Other debtors 88,816 389,727
357,281 867,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 127,533 79,263
Hire purchase contracts 13,687 15,129
Trade creditors 188,606 233,144
Taxation and social security 104,673 195,221
Other creditors 12,158 13,564
446,657 536,321

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 163,508 158,817
Hire purchase contracts 42,647 54,483
Other creditors 126,000 -
332,155 213,300

EURO ENERGY SERVICES LIMITED (REGISTERED NUMBER: SC260477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 126,000 -

Repayable by instalments
Bank loans more 5 yr by instal 163,508 158,817