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REGISTERED NUMBER: 05007142 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Euro Glazing Derby Ltd

Euro Glazing Derby Ltd (Registered number: 05007142)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Euro Glazing Derby Ltd (Registered number: 05007142)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,570 5,729

CURRENT ASSETS
Inventories 190,000 181,000
Debtors 5 55,865 50,642
245,865 231,642
CREDITORS
Amounts falling due within one year 6 217,917 143,212
NET CURRENT ASSETS 27,948 88,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,518

94,159

CREDITORS
Amounts falling due after more than one year 7 87,708 125,471
NET LIABILITIES (55,190 ) (31,312 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (55,290 ) (31,412 )
SHAREHOLDERS' FUNDS (55,190 ) (31,312 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Euro Glazing Derby Ltd (Registered number: 05007142)

Statement of Financial Position - continued
29 February 2024


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:





Mr Jai Lakhmichand Dewani - Director


Euro Glazing Derby Ltd (Registered number: 05007142)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Euro Glazing Derby Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05007142

Registered office: Unit 9 & 10
Meridian Business Centre
Derby
DE23 8NW

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Euro Glazing Derby Ltd (Registered number: 05007142)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 132,306 57,408 41,229 572 231,515
DEPRECIATION
At 1 March 2023 130,627 54,681 40,335 143 225,786
Charge for year 420 409 223 107 1,159
At 29 February 2024 131,047 55,090 40,558 250 226,945
NET BOOK VALUE
At 29 February 2024 1,259 2,318 671 322 4,570
At 28 February 2023 1,679 2,727 894 429 5,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 425 -
Other debtors 55,440 50,642
55,865 50,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 7,698 9,867
Trade creditors 117,338 37,014
Taxation and social security 28,095 15,856
Other creditors 64,786 80,475
217,917 143,212

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 87,708 125,471