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REGISTERED NUMBER: 06244280 (England and Wales)















Euroside Construction Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Euroside Construction Limited (Registered number: 06244280)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Euroside Construction Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J Cheema





REGISTERED OFFICE: Unit 6
Neptune Close
Medway City Estate
Rochester
Kent
ME2 4LT





REGISTERED NUMBER: 06244280 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Euroside Construction Limited (Registered number: 06244280)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 -

CURRENT ASSETS
Debtors 5 1,680,462 509,975
Cash at bank and in hand 260,643 17,474
1,941,105 527,449
CREDITORS
Amounts falling due within one year 6 1,104,428 293,909
NET CURRENT ASSETS 836,677 233,540
TOTAL ASSETS LESS CURRENT LIABILITIES 846,677 233,540

CREDITORS
Amounts falling due after more than one
year

7

72,504

3,303
NET ASSETS 774,173 230,237

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 774,172 230,236
SHAREHOLDERS' FUNDS 774,173 230,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Euroside Construction Limited (Registered number: 06244280)

Statement of Financial Position - continued
31 May 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 10 February 2025 and were signed by:





J Cheema - Director


Euroside Construction Limited (Registered number: 06244280)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Euroside Construction 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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 statement of financial position date.

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.

Government grants
Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement and any related expenditure is charged to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

Euroside Construction Limited (Registered number: 06244280)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 12,500
At 31 May 2024 12,500
AMORTISATION
Charge for year 2,500
At 31 May 2024 2,500
NET BOOK VALUE
At 31 May 2024 10,000

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 494,020 130,811
Other debtors 520,176 242,021
1,014,196 372,832

Amounts falling due after more than one year:
Amounts owed by group undertakings 666,266 137,143

Aggregate amounts 1,680,462 509,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,071 2,020
Trade creditors 346,535 129,654
Taxation and social security 180,432 39,748
Other creditors 575,390 122,487
1,104,428 293,909

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,794 3,303
Amounts owed to group undertakings 70,710 -
72,504 3,303

Euroside Construction Limited (Registered number: 06244280)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Euroside Group Limited, a company registered in England and Wales whose registered office address is Unit 6, Neptune Close, Medway City Estate, Rochester, Kent, ME2 4LT.