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Company Registration No. 07407775 (England and Wales)
European Electronics Ltd Unaudited accounts for the year ended 31 March 2024
European Electronics Ltd Unaudited accounts Contents
Page
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European Electronics Ltd Company Information for the year ended 31 March 2024
Directors
Yasser Elhendawe Bernard Fowler
Company Number
07407775 (England and Wales)
Registered Office
Unit 2 North Staffs Business Park Innovation Way Stoke on Trent ST6 4BF
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European Electronics Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,461 
1,063 
Investments
241,811 
211,898 
245,272 
212,961 
Current assets
Debtors
(92,317)
(205,815)
Cash at bank and in hand
100,141 
146,454 
7,824 
(59,361)
Creditors: amounts falling due within one year
(20,757)
63,596 
Net current (liabilities)/assets
(12,933)
4,235 
Net assets
232,339 
217,196 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
232,338 
217,195 
Shareholders' funds
232,339 
217,196 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by
Yasser Elhendawe Director Company Registration No. 07407775
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European Electronics Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
European Electronics Ltd is a private company, limited by shares, registered in England and Wales, registration number 07407775. The registered office is Unit 2 North Staffs Business Park, Innovation Way, Stoke on Trent, ST6 4BF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
13,748 
Additions
3,980 
At 31 March 2024
17,728 
Depreciation
At 1 April 2023
12,685 
Charge for the year
1,582 
At 31 March 2024
14,267 
Net book value
At 31 March 2024
3,461 
At 31 March 2023
1,063 
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European Electronics Ltd Notes to the Accounts for the year ended 31 March 2024
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
211,898 
Fair value adjustments
29,913 
Valuation at 31 March 2024
241,811 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,609 
5,350 
Amounts falling due after more than one year
Trade debtors
(104,926)
(211,165)
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(44,151)
(84,835)
Amounts owed to group undertakings and other participating interests
50,000 
- 
Taxes and social security
8,353 
18,164 
Other creditors
6,505 
3,025 
Accruals
50 
50 
20,757 
(63,596)
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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