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REGISTERED NUMBER: 06801320 (England and Wales)















EURO CNC LTD

Unaudited Financial Statements for the Year Ended 30 January 2024






EURO CNC LTD (REGISTERED NUMBER: 06801320)






Contents of the Financial Statements
for the year ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


EURO CNC LTD

Company Information
for the year ended 30 January 2024







Director: T Clarke





Registered office: 10 Goodwood Road
Keytec 7 Busines Park
Pershore
Worcestershire
WR10 2JL





Registered number: 06801320 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

EURO CNC LTD (REGISTERED NUMBER: 06801320)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,225 2,782

Current assets
Stocks 5 38,000 38,000
Debtors 6 51,519 37,664
Cash at bank and in hand 241,596 240,781
331,115 316,445
Creditors
Amounts falling due within one year 7 358,361 339,584
Net current liabilities (27,246 ) (23,139 )
Total assets less current liabilities (25,021 ) (20,357 )

Creditors
Amounts falling due after more than one year 8 29,479 29,479
Net liabilities (54,500 ) (49,836 )

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings (55,500 ) (50,836 )
Shareholders' funds (54,500 ) (49,836 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

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 28 November 2024 and were signed by:





T Clarke - Director


EURO CNC LTD (REGISTERED NUMBER: 06801320)

Notes to the Financial Statements
for the year ended 30 January 2024

1. Statutory information

Euro Cnc Ltd is a private company, limited by shares , registered in England and Wales. 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.
Workshop Equipment - 20% on reducing balance
Office Equipment - 20% on reducing balance

Stocks & service contracts
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Service contracts are accounted for under the stage of completion method and included at the contract value.

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.

Going concern
The directors will continue to support the company and it is considered to be a going concern.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

EURO CNC LTD (REGISTERED NUMBER: 06801320)

Notes to the Financial Statements - continued
for the year ended 30 January 2024

4. Tangible fixed assets
Workshop Office
Equipment Equipment Totals
£    £    £   
Cost
At 31 January 2023
and 30 January 2024 20,344 10,929 31,273
Depreciation
At 31 January 2023 18,746 9,745 28,491
Charge for year 320 237 557
At 30 January 2024 19,066 9,982 29,048
Net book value
At 30 January 2024 1,278 947 2,225
At 30 January 2023 1,598 1,184 2,782

5. Stocks
2024 2023
£    £   
Stocks 38,000 38,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 24,134 21,071
Directors' current accounts 19,107 7,085
Tax 5,322 5,322
Deferred tax asset 2,956 2,956
Prepayments - 1,230
51,519 37,664

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 82,770 86,733
Other loans 50,176 50,176
Trade creditors 111,933 111,934
Corporation tax 6,878 7,878
P.A.Y.E 12,271 11,989
VAT 60,855 37,396
Accruals and deferred income 33,478 33,478
358,361 339,584

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other loans - 2-5 years 29,479 29,479

EURO CNC LTD (REGISTERED NUMBER: 06801320)

Notes to the Financial Statements - continued
for the year ended 30 January 2024

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 January 2024 and 30 January 2023:

2024 2023
£    £   
T Clarke
Balance outstanding at start of year 7,085 (1,457 )
Amounts advanced 19,083 8,542
Amounts repaid (7,061 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,107 7,085