IRIS Accounts Production v24.3.0.553 02465896 Board of Directors 1.10.23 30.9.24 30.9.24 5.2.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024658962023-09-30024658962024-09-30024658962023-10-012024-09-30024658962022-09-30024658962022-10-012023-09-30024658962023-09-3002465896ns15:EnglandWales2023-10-012024-09-3002465896ns14:PoundSterling2023-10-012024-09-3002465896ns10:Director12023-10-012024-09-3002465896ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002465896ns10:SmallEntities2023-10-012024-09-3002465896ns10:Audited2023-10-012024-09-3002465896ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002465896ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002465896ns10:FullAccounts2023-10-012024-09-3002465896ns10:OrdinaryShareClass12023-10-012024-09-3002465896ns10:Director22023-10-012024-09-3002465896ns10:Director32023-10-012024-09-3002465896ns10:Director42023-10-012024-09-3002465896ns10:CompanySecretary12023-10-012024-09-3002465896ns10:RegisteredOffice2023-10-012024-09-3002465896ns5:CurrentFinancialInstruments2024-09-3002465896ns5:CurrentFinancialInstruments2023-09-3002465896ns5:Non-currentFinancialInstruments2024-09-3002465896ns5:Non-currentFinancialInstruments2023-09-3002465896ns5:ShareCapital2024-09-3002465896ns5:ShareCapital2023-09-3002465896ns5:RetainedEarningsAccumulatedLosses2024-09-3002465896ns5:RetainedEarningsAccumulatedLosses2023-09-3002465896ns5:PlantMachinery2023-10-012024-09-3002465896ns5:PlantMachinery2023-09-3002465896ns5:PlantMachinery2024-09-3002465896ns5:PlantMachinery2023-09-3002465896ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3002465896ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3002465896ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-09-3002465896ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3002465896ns5:WithinOneYear2024-09-3002465896ns5:WithinOneYear2023-09-3002465896ns5:BetweenOneFiveYears2024-09-3002465896ns5:BetweenOneFiveYears2023-09-3002465896ns5:MoreThanFiveYears2024-09-3002465896ns5:MoreThanFiveYears2023-09-3002465896ns5:AllPeriods2024-09-3002465896ns5:AllPeriods2023-09-3002465896ns5:Secured2024-09-3002465896ns5:Secured2023-09-3002465896ns5:AcceleratedTaxDepreciationDeferredTax2024-09-3002465896ns5:AcceleratedTaxDepreciationDeferredTax2023-09-3002465896ns5:DeferredTaxation2023-09-3002465896ns5:DeferredTaxation2023-10-012024-09-3002465896ns5:DeferredTaxation2024-09-3002465896ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 02465896 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EUROPA ENGINEERING LTD.

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROPA ENGINEERING LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







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



SECRETARY: Mr J P Cheetham



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



REGISTERED NUMBER: 02465896 (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 LTD. (REGISTERED NUMBER: 02465896)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 191,640 249,174

CURRENT ASSETS
Stocks 507,271 477,595
Debtors 6 2,975,278 2,185,880
Cash at bank and in hand 1,654,202 1,662,948
5,136,751 4,326,423
CREDITORS
Amounts falling due within one year 7 4,039,720 3,159,223
NET CURRENT ASSETS 1,097,031 1,167,200
TOTAL ASSETS LESS CURRENT LIABILITIES 1,288,671 1,416,374

CREDITORS
Amounts falling due after more than
one year

8

-

(12,500

)

PROVISIONS FOR LIABILITIES 11 (47,910 ) (62,293 )
NET ASSETS 1,240,761 1,341,581

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,240,661 1,341,481
SHAREHOLDERS' FUNDS 1,240,761 1,341,581

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)

BALANCE SHEET - continued
30 SEPTEMBER 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 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 LTD. (REGISTERED NUMBER: 02465896)

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

1. STATUTORY INFORMATION

Europa Engineering 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. 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" including the provisions of Section 1A "Small Entities" 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.

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

The principal accounting policies adopted are set out below.

Significant judgements and estimates
No significant 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 LTD. (REGISTERED NUMBER: 02465896)

NOTES TO THE 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. The fair value of consideration takes into account trade discounts, settlement discounts and 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 engineering 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 estimated reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost

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.

Tangible fixed assets are disposed of over a 10 year period which is deemed to be the estimated average life of the assets.

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

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)

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

3. ACCOUNTING POLICIES - continued

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 assets 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 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.

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

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)

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

3. ACCOUNTING POLICIES - continued

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.

Consolidation
The company is a wholly owned subsidiary. The activities of this company are included in the consolidated group accounts of the ultimate parent company, Europa Engineering Holdings Limited. These financial statements present information about the company as an individual entity and not as a parent company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2023 - 80 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 419,391
Disposals (51,983 )
At 30 September 2024 367,408
DEPRECIATION
At 1 October 2023 170,217
Charge for year 57,534
Eliminated on disposal (51,983 )
At 30 September 2024 175,768
NET BOOK VALUE
At 30 September 2024 191,640
At 30 September 2023 249,174

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,842,660 1,805,817
Amounts recoverable on contract 172,913 218,403
Other debtors 2,006 7,775
Prepayments 957,699 153,885
2,975,278 2,185,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 75,000
Amounts received on account 1,097,112 1,381,007
Trade creditors 338,906 919,239
Amounts owed to group undertakings 1,782,405 108,802
Corporation taxation 35,614 180,291
Social security and other taxes 42,723 51,686
VAT 242,242 206,642
Other creditors 84,063 73,110
Directors' current accounts - 431
Accruals 416,655 163,015
4,039,720 3,159,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years - 12,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 136,204 128,000
Between one and five years 525,204 519,000
In more than five years 432,796 569,000
1,094,204 1,216,000

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)

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

9. LEASING AGREEMENTS - continued

Operating lease payments represent rentals payable by the company for certain properties. One lease has been negotiated at an annual rental premium of £88,000 pa ending in 2034 with no rent review. Another at £40,000 ending in 2030 has a rent review in 2025 and with an RPI increase from 2025. Scheduled rent increases are reflected in the figures above.The latter lease is with the parent company Synergis Trading Limited.

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans - 87,500

Security is provided by a fixed and floating charge debenture together with group company cross guarantees.

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 47,910 62,293

Deferred
tax
£   
Balance at 1 October 2023 62,293
Provided during year (14,383 )
Balance at 30 September 2024 47,910

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

EUROPA ENGINEERING LTD. (REGISTERED NUMBER: 02465896)

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

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Mr Robert Watson FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

14. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Synergis Trading Limited.

The company's ultimate parent undertaking is Europa Engineering Holdings Limited whose registered office is 328 Coleford Road, Sheffield, S9 5PH. Company accounts and group accounts are held at that address.

15. FIXED ASSET INVESTMENTS

The company owns 100% of the ordinary share capital of the companies set out below. All the companies were incorporated in England and Wales.They are all dormant and are held at nil value in the financial statements.

Pattinson Brothers Limited
Brass Founders (Sheffield) Limited
Lifting Gear Products Limited
Plum Alti Limited
J T Barker and Sons Limited
J Youle and Company Limited

16. SUBSEQUENT EVENTS

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