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REGISTERED NUMBER: 12060737 (England and Wales)












GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EUROPA ENGINEERING HOLDINGS LTD

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditor 6

Consolidated Statement of Comprehensive Income 10

Consolidated Balance Sheet 12

Company Balance Sheet 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 21


EUROPA ENGINEERING HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J P Cheetham
Miss E V Cheetham
Miss J V J Earnshaw



SECRETARY: Mr J P Cheetham



REGISTERED OFFICE: 326-328 Coleford Road
Sheffield
South Yorkshire
S9 5PH



REGISTERED NUMBER: 12060737 (England and Wales)



AUDITOR: Xeinadin Audit Limited
8th Floor, Beckett House
36 Old Jewry
London
EC2R 8DD



BANKERS: Barclays Bank Plc
2 Arena Court
Sheffield
South Yorkshire
S9 2LF

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
The principal activities of the group have been set out in the report of the directors.

Profit for the year ended 30th September 2024, after taxation, was £637,438 (2023: £995,129)

Dividends for the year were £408,000 (2023: £230,001)

Shareholder funds at 30th September 2024 were £6,944,990 (2023: £6,715,552)

The group has shown a strong performance for the year ended 30 September 2024, with increased turnover, consistent profits and margins thanks to increased activity.

Outlook is positive with an encouraging healthy order book and good enquiry levels.

PRINCIPAL RISKS AND UNCERTAINTIES
The ability to identify and manage risks and uncertainties is a key element in ensuring the continued success of the group. The directors conclude that the group as a whole, is not exposed to any particular risks or uncertainties. The group is essentially self supporting in terms of cash and liquid assets and the directors continue to monitor the risks and uncertainties, match the cash and liquid resources to the challenges they present and adapt their plans and forecasts accordingly. The group maintains what is considered to be enough cash and liquid resources to carry the group through what will be a challenging post pandemic period.

It is acknowledged that the group is indirectly exposed to the trading risks and uncertainties of the group's trading company Europa Engineering Limited. These risks and uncertainties would align with those typical to many other business sectors. Inflationary pressures on materials, energy prices and wages are particularly challenging at present. Supply chain issues, staff recruitment and retention and general market confidences are also presenting their own challenges. These issues continue to be monitored closely and again, plans and forecasts adapted to overcome the challenges.


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

KEY PERFORMANCE INDICATORS
The group is pleased to report another year of strong results. Our key performance indicators for the year ended 30th September 2024

2024 2023
Gross profit £2,999,140 £3,089,160
Gross profit percentage 35.33% 38.40%
Operating profit £659,654 £1,251,407
Operating profit
percentage

7.78%

15.78%

It is acknowledged that the above indicators may be challenged in the near future but the directors and management team continue to work hard in order to mitigate the exposure to the market changes and look forward to another period of profitable trading.

ON BEHALF OF THE BOARD:





Mr J P Cheetham - Director


5 February 2025

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal trading activities of the group, in the year under review, continued to be those of the manufacture of lifting materials and mechanical lifting equipment, structural fabrication, non-ferrous founding, precision and general engineering and medium to heavy machining. The groups other activities included the management of company and property investments.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 will be £ 408,000 .

RESEARCH AND DEVELOPMENT
The group continues with its ongoing programme of research and development activities across all sites, divisions and market sectors. It continues to drive change and adapt to changes in technological, legislative, customer and market demands.

FUTURE DEVELOPMENTS
The group looks to continue to consolidate and strengthen trading activities in the post pandemic era. The directors and management team continue to explore all market sectors, look to make gains in established activities and develop traction in new ones. The group is self supporting and maintains what is considered to be sufficient cash and liquid resources to sustain all activities.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr J P Cheetham
Miss E V Cheetham
Miss J V J Earnshaw


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditor is aware of that information.

AUDITOR
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr J P Cheetham - Director


5 February 2025

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
EUROPA ENGINEERING HOLDINGS LTD

Opinion
We have audited the financial statements of Europa Engineering Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
EUROPA ENGINEERING HOLDINGS LTD


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
EUROPA ENGINEERING HOLDINGS LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
EUROPA ENGINEERING HOLDINGS LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Robert Watson (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
8th Floor, Beckett House
36 Old Jewry
London
EC2R 8DD

5 February 2025

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   

TURNOVER 4 8,488,225 7,932,453

Cost of sales (5,489,085 ) (4,843,293 )
GROSS PROFIT 2,999,140 3,089,160

Administrative expenses (2,556,254 ) (1,847,644 )
442,886 1,241,516

Other operating income 5 216,844 9,925
OPERATING PROFIT 7 659,730 1,251,441

Income from shares in group
undertakings

-

(650,000

)
Interest receivable and similar income 8 143,374 53,153
803,104 654,594

Interest payable and similar expenses 9 (47,787 ) (36,429 )
PROFIT BEFORE TAXATION 755,317 618,165

Tax on profit 10 (117,803 ) (273,002 )
PROFIT FOR THE FINANCIAL YEAR 637,514 345,163

OTHER COMPREHENSIVE INCOME
Revaluation - 1,331,423
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE YEAR, NET OF INCOME TAX

-

1,331,423
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

637,514

1,676,586

Profit attributable to:

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
£    £   
Owners of the parent 637,514 345,163

Total comprehensive income attributable to:
Owners of the parent 637,514 1,676,586

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 4,015,956 4,218,740
Investments 14 (850,000 ) (850,000 )
Investment property 15 789,268 321,061
3,955,224 3,689,801

CURRENT ASSETS
Stocks 16 507,271 477,595
Debtors 17 2,986,377 2,697,327
Cash at bank and in hand 1,736,784 3,329,385
5,230,432 6,504,307
CREDITORS
Amounts falling due within one year 18 2,643,870 3,766,896
NET CURRENT ASSETS 2,586,562 2,737,411
TOTAL ASSETS LESS CURRENT LIABILITIES 6,541,786 6,427,212

CREDITORS
Amounts falling due after more than
one year

19

-

(45,790

)

PROVISIONS FOR LIABILITIES 23 (531,819 ) (600,969 )
NET ASSETS 6,009,967 5,780,453

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED BALANCE SHEET - continued
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 24 (7,900 ) (7,900 )
Revaluation reserve 25 1,331,423 1,331,423
Capital redemption reserve 25 (12,000 ) (12,000 )
Other reserves 25 1,800,000 1,800,000
Retained earnings 25 2,898,444 2,668,930
SHAREHOLDERS' FUNDS 6,009,967 5,780,453


The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





Mr J P Cheetham - Director


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 - -
Investments 14 3,565,000 3,565,000
Investment property 15 - -
3,565,000 3,565,000

CURRENT ASSETS
Debtors 17 41,999 500,000
Cash at bank 8,029 8,128
50,028 508,128
CREDITORS
Amounts falling due within one year 18 - 50,001
NET CURRENT ASSETS 50,028 458,127
TOTAL ASSETS LESS CURRENT LIABILITIES 3,615,028 4,023,127

CAPITAL AND RESERVES
Called up share capital 24 100 100
Other reserves 25 1,800,000 1,800,000
Retained earnings 25 1,814,928 2,223,027
SHAREHOLDERS' FUNDS 3,615,028 4,023,127

Company's (loss)/profit for the financial
year

(99

)

649,890

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





Mr J P Cheetham - Director


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Revaluation
capital earnings reserve
£    £    £   
Balance at 1 October 2022 (7,900 ) 1,903,768 -

Changes in equity
Dividends - 419,999 -
Total comprehensive income - 345,163 1,331,423
Balance at 30 September 2023 (7,900 ) 2,668,930 1,331,423

Changes in equity
Dividends - (408,000 ) -
Total comprehensive income - 637,514 -
Balance at 30 September 2024 (7,900 ) 2,898,444 1,331,423
Capital
redemption Other Total
reserve reserves equity
£    £    £   
Balance at 1 October 2022 (12,000 ) 1,800,000 3,683,868

Changes in equity
Dividends - - 419,999
Total comprehensive income - - 1,676,586
Balance at 30 September 2023 (12,000 ) 1,800,000 5,780,453

Changes in equity
Dividends - - (408,000 )
Total comprehensive income - - 637,514
Balance at 30 September 2024 (12,000 ) 1,800,000 6,009,967

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 October 2022 100 1,803,138 1,800,000 3,603,238

Changes in equity
Dividends - (230,001 ) - (230,001 )
Total comprehensive income - 649,890 - 649,890
Balance at 30 September 2023 100 2,223,027 1,800,000 4,023,127

Changes in equity
Dividends - (408,000 ) - (408,000 )
Total comprehensive income - (99 ) - (99 )
Balance at 30 September 2024 100 1,814,928 1,800,000 3,615,028

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (511,007 ) 2,447,346
Interest paid (36,582 ) (31,265 )
Interest element of hire purchase
payments paid

(11,205

)

(3,953

)
Finance costs paid - (1,211 )
Taxation (paid) refunded (241,458 ) (95,490 )
Net cash from operating activities (800,252 ) 2,315,427

Cash flows from investing activities
Purchase of tangible fixed assets (194,171 ) (255,568 )
Purchase of investment property (468,207 ) -
Sale of tangible fixed assets 177,250 103,170
Interest received 143,374 53,153
Dividends received - (650,000 )
Net cash from investing activities (341,754 ) (749,245 )

Cash flows from financing activities
Loan repayments in year (87,500 ) (75,000 )
Capital repayments in year (73,238 ) (49,492 )
Amount introduced by directors 118,643 15,585
Equity dividends paid (408,000 ) 419,999
Net cash from financing activities (450,095 ) 311,092

(Decrease)/increase in cash and cash equivalents (1,592,101 ) 1,877,274
Cash and cash equivalents at beginning
of year

2

3,329,385

1,452,112

Cash and cash equivalents at end of
year

2

1,736,784

3,329,385

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30.9.24 30.9.23
£    £   
Profit before taxation 755,317 618,165
Depreciation charges 197,106 191,860
Loss/(profit) on disposal of fixed assets 22,598 (7,036 )
Finance costs 47,787 36,429
Finance income (143,374 ) 596,847
879,434 1,436,265
Increase in stocks (29,676 ) (28,661 )
Increase in trade and other debtors (789,050 ) (576,410 )
(Decrease)/increase in trade and other creditors (571,715 ) 1,616,152
Cash generated from operations (511,007 ) 2,447,346

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30/9/24 1/10/23
£    £   
Cash and cash equivalents 1,736,784 3,329,385
Year ended 30 September 2023
30/9/23 1/10/22
£    £   
Cash and cash equivalents 3,329,385 1,452,112


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/10/23 Cash flow At 30/9/24
£    £    £   
Net cash
Cash at bank and in hand 3,329,385 (1,592,601 ) 1,736,784
3,329,385 (1,592,601 ) 1,736,784
Debt
Finance leases (73,238 ) 73,238 -
Debts falling due within 1 year (75,000 ) 75,000 -
Debts falling due after 1 year (12,500 ) 12,500 -
(160,738 ) 160,738 -
Total 3,168,647 (1,431,863 ) 1,736,784

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

ERROR MESSAGES FROM THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


** CURRENT YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS
AS CALCULATED IN CONSOLIDATED CASH FLOW STATEMENT
DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET

COMPARE MOVEMENT ON CONSOLIDATED CASH FLOW STATEMENT = (1,592,101 )


TO MOVEMENT PER BALANCE SHEET
CASH AND CASH EQUIVALENTS = (1,592,601 )



** LAST YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS
AS CALCULATED IN CONSOLIDATED CASH FLOW STATEMENT
DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET

COMPARE MOVEMENT ON CONSOLIDATED CASH FLOW STATEMENT = 1,877,274


TO MOVEMENT PER BALANCE SHEET
CASH AND CASH EQUIVALENTS = 1,877,273



EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Europa Engineering Holdings 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 General Information page.

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, the functional currency of the company, Monetary amounts in these financial statements are rounded to the nearest £.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of Europa Engineering Holdings Limited and all of its subsidiaries are drawn up to 30 September each year. Subsidiaries are consolidated from the date of their acquisition , being the date on which the group obtains control and continue to be consolidated until the date that such control ceases. Control comprises the power to govern the financial and operating policies of the investee so as to obtain benefit from its activities.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Turnover
Turnover is recognised at the fair vale of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and the other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimates reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Land and Buildings are held at fair value less any accumulates depreciation and subsequent impairment losses. Increases in fair value are recognised in other comprehensive income.

Depreciation is provided at the following annual rates in order to write off the cost of each asset to its estimated residual value on a straight line basis over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Freehold land - Not depreciated
Freehold property - Straight line over 50 years
Plant and machinery - Straight line over 10 years
Fixtures and fittings - Straight line over 10 years and 4 years
Motor vehicles - Straight line over 4 years

Government grants
Capital grants received are deferred and released over the useful life of the asset.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Investment property
Investment property, which is property held to realise rental income and capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable purchase expenditure. Subsequently, it is valued at fair value at the reporting date and any aggregate deficits or surpluses arising from changes in fair value are recognised in the profit or loss

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

Cost is calculated using a first-in, first-out method and includes all purchase, transport and handling costs that have been incurred in bringing the stocks to their present location and condition.

Financial instruments
Financial instruments are classed and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of it's liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

30.9.24 30.9.23
£    £   
United Kingdom 8,392,820 7,888,741
Europe 80,066 29,320
Rest of the World 15,339 14,392
8,488,225 7,932,453

5. OTHER OPERATING INCOME
30.9.24 30.9.23
£    £   
Rents received 214,750 9,300
Government grants 2,094 625
216,844 9,925

6. EMPLOYEES AND DIRECTORS
30.9.24 30.9.23
£    £   
Wages and salaries 2,222,758 2,054,180
Social security costs 197,174 181,308
Other pension costs 476,912 203,352
2,896,844 2,438,840

The average number of employees during the year was as follows:
30.9.24 30.9.23

Management 9 9
Administrative and technical 25 24
Operatives 41 47
75 80

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. EMPLOYEES AND DIRECTORS - continued

30.9.24 30.9.23
£    £   
Directors' remuneration 67,394 65,493
Directors' pension contributions to money purchase schemes 409,426 144,519

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

7. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.9.24 30.9.23
£    £   
Operating lease rentals 212,185 37,000
Depreciation - owned assets 164,753 154,216
Depreciation - assets on hire purchase contracts 32,354 37,643
Loss/(profit) on disposal of fixed assets 22,598 (7,036 )
Auditors' remuneration 20,636 16,000
Foreign exchange differences (13,260 ) (1,943 )

8. INTEREST RECEIVABLE AND SIMILAR INCOME
30.9.24 30.9.23
£    £   
Other interest income 143,374 53,153

9. INTEREST PAYABLE AND SIMILAR EXPENSES
30.9.24 30.9.23
£    £   
Bank interest 36,582 31,265
Hire purchase interest 11,205 3,953
Other interest - 1,211
47,787 36,429

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.9.24 30.9.23
£    £   
Current tax:
UK corporation tax 244,182 298,769
Corporation tax prior year adj (57,229 ) (57,287 )
Total current tax 186,953 241,482

Deferred tax (69,150 ) 31,520
Tax on profit 117,803 273,002

UK corporation tax was charged at 22 %) in 2023.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.9.24 30.9.23
£    £   
Profit before tax 755,241 1,268,131
Profit multiplied by the standard rate of corporation tax in the UK
of 25 % (2023 - 22 %)

188,810

278,989

Effects of:
Expenses not deductible for tax purposes 2,272 2,598
Income not taxable for tax purposes (524 ) (138 )
Depreciation in excess of capital allowances 51,889 18,733
Adjustments to tax charge in respect of previous periods (57,229 ) (57,287 )
(Loss)/ Profit on asset disposals 5,650 (1,548 )

claims
Other adjustments - 135
Deferred taxation charges (credits) (69,150 ) 31,520
Non trade deficits brought forward (5,759 ) -
Movement in pension creditor 1,844 -
Total tax charge 117,803 273,002

** PROFIT BEFORE TAX FOR CURRENT YEAR ON CLIENT SCREEN OF 755,241
DOES NOT AGREE TO AMOUNT ON STATEMENT OF COMPREHENSIVE INCOME OF 755,317

** PROFIT BEFORE TAX FOR LAST YEAR ON CLIENT SCREEN OF 1,268,131
DOES NOT AGREE TO AMOUNT ON STATEMENT OF COMPREHENSIVE INCOME OF 618,165

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 30 September 2024.

30.9.23
Gross Tax Net
£    £    £   
Revaluation 1,331,423 - 1,331,423

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


12. DIVIDENDS
30.9.24 30.9.23
£    £   
Ordinary shares of 10p each
Final - (650,000 )
A Ordinary shares of 10p each
Interim 408,000 230,001
408,000 (419,999 )

13. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 3,500,000 2,351,203 177,046 452,822 6,481,071
Additions - 17,681 16,170 160,320 194,171
Disposals - (135,983 ) (4,229 ) (280,907 ) (421,119 )
At 30 September 2024 3,500,000 2,232,901 188,987 332,235 6,254,123
DEPRECIATION
At 1 October 2023 - 1,936,978 146,896 178,457 2,262,331
Charge for year - 95,178 10,448 91,481 197,107
Eliminated on disposal - (135,983 ) (4,229 ) (81,059 ) (221,271 )
At 30 September 2024 - 1,896,173 153,115 188,879 2,238,167
NET BOOK VALUE
At 30 September 2024 3,500,000 336,728 35,872 143,356 4,015,956
At 30 September 2023 3,500,000 414,225 30,150 274,365 4,218,740

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. TANGIBLE FIXED ASSETS - continued

Group

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2023 1,775,230 - - - 1,775,230
Cost 1,724,770 2,232,901 188,987 332,235 4,478,893
3,500,000 2,232,901 188,987 332,235 6,254,123

The fair value of the Freehold property has been arrived at on the basis of a valuation carried out at 31 May 2023 by Bennell Limited. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 41,543 133,958 175,501
Additions - 135,950 135,950
Disposals - (269,908 ) (269,908 )
At 30 September 2024 41,543 - 41,543
DEPRECIATION
At 1 October 2023 17,309 41,861 59,170
Charge for year 4,155 28,199 32,354
Eliminated on disposal - (70,060 ) (70,060 )
At 30 September 2024 21,464 - 21,464
NET BOOK VALUE
At 30 September 2024 20,079 - 20,079
At 30 September 2023 24,234 92,097 116,331

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 (850,000 )
NET BOOK VALUE
At 30 September 2024 (850,000 )
At 30 September 2023 (850,000 )
Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 3,565,000
NET BOOK VALUE
At 30 September 2024 3,565,000
At 30 September 2023 3,565,000


EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. FIXED ASSET INVESTMENTS - continued


The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Name Principal activity Class Holding %
Europa Engineering Group Limited Holding company Ordinary 100
Synergis Trading Limited Property and equipment rental Ordinary 100

Europa Engineering Ltd.
Structural engineers in the lifting
industry

Ordinary

100
Brass Founders (Sheffield) Limited Dormant Ordinary 100
J T Barker and Sons Limited Dormant Ordinary 100
J Youle and Company Limited Dormant Ordinary 100
Lifting Gear Products Limited Dormant Ordinary 100
Pattisons Brothers Limited Dormant Ordinary 100
Plum-Alti Limited Dormant Ordinary 100

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:


Capital and reserves
2024
Profit/ (loss for
the year 2024

)
£ £
Europa Engineering Group Limited 935,023 (76 )
Synergis Trading Limited 7,014,135 738,433
Europa Engineering Ltd. 1,240,761 299,180
Brass Founders (Sheffield) Limited 1 -
J T Barker and Sons Limited 1 -
J Youle and Company Limited 1 -
Lifting Gear Products Limited 1 -
Pattisons Brothers Limited 1 -
Plum-Alti Limited 1 -


The above companies share the same registered office as that of the company as shown on the company information (page 1).

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

15. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 October 2023 321,061
Additions 468,207
At 30 September 2024 789,268
NET BOOK VALUE
At 30 September 2024 789,268
At 30 September 2023 321,061

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2023 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

16. STOCKS

Group
30.9.24 30.9.23
£    £   
Raw materials 507,271 477,595

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.9.24 30.9.23 30.9.24 30.9.23
£    £    £    £   
Trade debtors 1,842,660 1,805,817 - -
Amounts owed by group undertakings - 500,000 41,999 500,000
Amounts recoverable on contract 172,913 218,403 - -
Other debtors 2,006 7,775 - -
Prepayments 968,798 165,332 - -
2,986,377 2,697,327 41,999 500,000

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.9.24 30.9.23 30.9.24 30.9.23
£    £    £    £   
Bank loans and overdrafts (see note 20) - 75,000 - -
Hire purchase contracts (see note 21) - 39,948 - -
Payments on account 1,097,112 1,381,007 - -
Trade creditors 338,905 919,238 - -
Amounts owed to group undertakings 84,500 585,000 - 50,001
Corporation tax 186,953 241,458 - -
Social security and other taxes 42,723 51,686 - -
VAT 242,242 206,642 - -
Other creditors 84,063 73,110 - -
Directors' current accounts 134,228 15,585 - -
Accruals and deferred income 433,144 178,222 - -
2,643,870 3,766,896 - 50,001

19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
30.9.24 30.9.23
£    £   
Bank loans (see note 20) - 12,500
Hire purchase contracts (see note 21) - 33,290
- 45,790

20. LOANS

An analysis of the maturity of loans is given below:

Group
30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 75,000
Amounts falling due between one and two years:
Bank loans - 1-2 years - 12,500

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

21. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year - 39,948
Between one and five years - 33,290
- 73,238

Group
Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 88,000 88,000
Between one and five years 352,000 352,000
In more than five years 418,000 506,000
858,000 946,000

22. SECURED DEBTS

The following secured debts are included within creditors:

Group
30.9.24 30.9.23
£    £   
Bank loans - 87,500
Hire purchase contracts - 73,238
- 160,738

Bank loans were ultimately secured by a fixed and floating charge debenture and group wide cross guarantee agreement with the groups banking partner. Hire purchase contracts were secured by a charge over the assets to which they relate.

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

23. PROVISIONS FOR LIABILITIES

Group
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 88,011 157,161
Other timing differences 443,808 443,808
531,819 600,969

Group
Deferred
tax
£   
Balance at 1 October 2023 600,969
Credit to Statement of Comprehensive Income during year (69,150 )
Revaluation surpluses
Balance at 30 September 2024 531,819

24. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
700 A Ordinary 10p 70 70
100 B Ordinary 10p 10 10
100 C Ordinary 10p 10 10
100 D Ordinary 10p 10 10
100 100

EUROPA ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 12060737)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

25. RESERVES

Group
Capital
Retained Revaluation redemption Other
earnings reserve reserve reserves Totals
£    £    £    £    £   

At 1 October 2023 2,668,930 1,331,423 (12,000 ) 1,800,000 5,788,353
Profit for the year 637,514 637,514
Dividends (408,000 ) (408,000 )
At 30 September 2024 2,898,444 1,331,423 (12,000 ) 1,800,000 6,017,867

Company
Retained Other
earnings reserves Totals
£    £    £   

At 1 October 2023 2,223,027 1,800,000 4,023,027
Deficit for the year (99 ) (99 )
Dividends (408,000 ) (408,000 )
At 30 September 2024 1,814,928 1,800,000 3,614,928


26. CAPITAL COMMITMENTS
30.9.24 30.9.23
£    £   
Contracted but not provided for in the
financial statements - 468,641

27. SUBSEQUENT EVENTS

On 1 October 2024, the company acquired Dale & Company (Ancoats) Limited, company number 00610341.