Company Registration No. 09153079 (England and Wales)
Europafoodxb Limited
Unaudited accounts
for the year ended 31 March 2024
Europafoodxb Limited
Unaudited accounts
Contents
Europafoodxb Limited
Company Information
for the year ended 31 March 2024
Directors
Benjamin LECLERC
Kateryna LECLERC
Company Number
09153079 (England and Wales)
Registered Office
35 Craven Road
London
London
W2 3BX
England
Accountants
NOORY AND CO ACCOUNTANTS
22 Conduit Place
London
London
W2 1HS
Europafoodxb Limited
Statement of financial position
as at 31 March 2024
Tangible assets
192,335
185,160
Cash at bank and in hand
127,359
153,705
Creditors: amounts falling due within one year
(69,588)
(19,886)
Net current assets
307,802
257,985
Total assets less current liabilities
500,137
443,145
Creditors: amounts falling due after more than one year
(43,333)
(83,333)
Net assets
456,804
359,812
Called up share capital
2
2
Profit and loss account
456,802
359,810
Shareholders' funds
456,804
359,812
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 20 October 2024 and were signed on its behalf by
Benjamin LECLERC
Director
Company Registration No. 09153079
Europafoodxb Limited
Notes to the Accounts
for the year ended 31 March 2024
Europafoodxb Limited is a private company, limited by shares, registered in England and Wales, registration number 09153079. The registered office is 35 Craven Road, , London, London, W2 3BX, England.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% Reducing Line
Motor vehicles
15% Reducing Line
Fixtures & fittings
15% Reducing Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Europafoodxb Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
81,780
48,132
94,796
34,010
258,718
Additions
4,210
515
21,578
14,813
41,116
At 31 March 2024
85,990
48,647
116,374
48,823
299,834
At 1 April 2023
21,895
13,366
25,797
12,500
73,558
Charge for the year
9,614
5,292
13,577
5,458
33,941
At 31 March 2024
31,509
18,658
39,374
17,958
107,499
At 31 March 2024
54,481
29,989
77,000
30,865
192,335
At 31 March 2023
59,885
34,766
68,999
21,510
185,160
Amounts falling due within one year
Trade debtors
158,112
38,201
Accrued income and prepayments
19,710
19,546
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,000
-
Trade creditors
17,958
3,000
Taxes and social security
31,630
16,886
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).