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
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
European Electronics Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
3,461
1,063
Investments
241,811
211,898
Cash at bank and in hand
100,141
146,454
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
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
European Electronics Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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
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
Amounts falling due within one year
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
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).