Company Registration No. 2105053 (England and Wales)
European Traders Limited
Filleted Accounts
for the year ended 30 September 2024
European Traders Limited
Filleted Accounts
Contents
European Traders Limited
Company Information
for the year ended 30 September 2024
Company Number
2105053 (England and Wales)
Registered Office
116 Totteridge Lane
London
N20 8JH
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
European Traders Limited
Statement of financial position
as at 30 September 2024
Tangible assets
5,569
5,513
Cash at bank and in hand
4,153
5,105
Creditors: amounts falling due within one year
(12,627)
(11,632)
Net current liabilities
(6,674)
(3,727)
Called up share capital
100
100
Profit and loss account
4,549
7,440
Shareholders' funds
4,649
7,540
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
A.G. Jenkins
Director
Company Registration No. 2105053
European Traders Limited
Notes to the Accounts
for the year ended 30 September 2024
European Traders Limited is a private company, limited by shares, registered in England and Wales, registration number 2105053. The registered office is 116 Totteridge Lane, London, N20 8JH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents net invoiced sales, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing balance method at 15% per annum.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
4,221
9,588
13,809
At 30 September 2024
4,221
9,882
14,103
At 1 October 2023
-
8,296
8,296
Charge for the year
-
238
238
At 30 September 2024
-
8,534
8,534
At 30 September 2024
4,221
1,348
5,569
At 30 September 2023
4,221
1,292
5,513
5
Investments
Other investments
Valuation at 1 October 2023
5,754
Valuation at 30 September 2024
5,754
European Traders Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,989
4,531
Loans from directors
5,151
2,317
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).