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REGISTERED NUMBER: 01991926 (England and Wales)















EUTC LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2024






EUTC LIMITED (REGISTERED NUMBER: 01991926)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUTC LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J J Vaillant





REGISTERED OFFICE: No 1
Devon Street
Nechells
Birmingham
West Midlands
B7 4SL





REGISTERED NUMBER: 01991926 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

EUTC LIMITED (REGISTERED NUMBER: 01991926)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,100,095 1,101,093

CURRENT ASSETS
Stocks 395,703 501,247
Debtors 5 132,948 72,107
Cash at bank and in hand 426,181 384,691
954,832 958,045
CREDITORS
Amounts falling due within one year 6 169,720 145,586
NET CURRENT ASSETS 785,112 812,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,885,207

1,913,552

PROVISIONS FOR LIABILITIES 877 1,086
NET ASSETS 1,884,330 1,912,466

CAPITAL AND RESERVES
Called up share capital 56,000 56,000
Share premium 54,000 54,000
Retained earnings 1,774,330 1,802,466
SHAREHOLDERS' FUNDS 1,884,330 1,912,466

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

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

EUTC LIMITED (REGISTERED NUMBER: 01991926)

Balance Sheet - continued
30 April 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 31 January 2025 and were signed by:





J J Vaillant - Director


EUTC LIMITED (REGISTERED NUMBER: 01991926)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

EUTC Limited 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.

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
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.
Freehold property - 2% on reducing balance
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EUTC LIMITED (REGISTERED NUMBER: 01991926)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 1,565,466 176,909 115,115
Additions - - -
At 30 April 2024 1,565,466 176,909 115,115
DEPRECIATION
At 1 May 2023 469,597 176,108 114,188
Charge for year - 229 297
At 30 April 2024 469,597 176,337 114,485
NET BOOK VALUE
At 30 April 2024 1,095,869 572 630
At 30 April 2023 1,095,869 801 927

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 30,480 232,826 2,120,796
Additions - 1,009 1,009
At 30 April 2024 30,480 233,835 2,121,805
DEPRECIATION
At 1 May 2023 30,480 229,330 1,019,703
Charge for year - 1,481 2,007
At 30 April 2024 30,480 230,811 1,021,710
NET BOOK VALUE
At 30 April 2024 - 3,024 1,100,095
At 30 April 2023 - 3,496 1,101,093

Following a review of the freehold property carrying value, the property has not been depreciated in the period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,882 52,327
Prepayments 21,066 19,780
132,948 72,107

EUTC LIMITED (REGISTERED NUMBER: 01991926)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,626 23,861
Social security and other taxes 3,688 26,131
VAT 43,826 26
Other creditors (21,003 ) (20,210 )
Directors' current accounts 60,207 62,491
Accrued expenses 52,376 53,287
169,720 145,586

7. OTHER FINANCIAL COMMITMENTS

Total financial commitments in respect of operating leases which are not included in the balance sheet amount to £66,500 (2023 - £85,500).

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30th April 2024, the director, Mr J J Vaillant has loaned the company £60,207 (2023 - £62,491), which is interest free and repayable upon demand.