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REGISTERED NUMBER: SC126666 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

Eurotrade Windows Limited

Eurotrade Windows Limited (Registered number: SC126666)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eurotrade Windows Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Keenan
H E Keenan





SECRETARY: H E Keenan





REGISTERED OFFICE: 30 Waggon Road
Ayr
Ayrshire
KA8 8BA





REGISTERED NUMBER: SC126666 (Scotland)






Eurotrade Windows Limited (Registered number: SC126666)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,781 415,442

CURRENT ASSETS
Stocks 80,210 75,497
Debtors 5 14,884 97,767
Cash at bank and in hand 19,865 59,477
114,959 232,741
CREDITORS
Amounts falling due within one year 6 1,146,517 934,726
NET CURRENT LIABILITIES (1,031,558 ) (701,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(653,777

)

(286,543

)

CREDITORS
Amounts falling due after more than one
year

7

81,989

121,797
NET LIABILITIES (735,766 ) (408,340 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (735,866 ) (408,440 )
SHAREHOLDERS' FUNDS (735,766 ) (408,340 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Eurotrade Windows Limited (Registered number: SC126666)

Balance Sheet - continued
31 December 2023


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 23 February 2025 and were signed on its behalf by:





H E Keenan - Director


Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Eurotrade Windows Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost and in accordance with the property
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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.

Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. 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.

Leasehold improvements
Leasehold improvements are depreciated on a straight line basis over the term of the lease. No depreciation is provided in the year expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 335,427 458,310 793,737
Disposals - (10,933 ) (10,933 )
At 31 December 2023 335,427 447,377 782,804
DEPRECIATION
At 1 January 2023 57,865 320,430 378,295
Charge for year 6,443 27,656 34,099
Eliminated on disposal - (7,371 ) (7,371 )
At 31 December 2023 64,308 340,715 405,023
NET BOOK VALUE
At 31 December 2023 271,119 106,662 377,781
At 31 December 2022 277,562 137,880 415,442

Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 197,859
Transfer to ownership (151,411 )
At 31 December 2023 46,448
DEPRECIATION
At 1 January 2023 114,177
Charge for year 17,285
Transfer to ownership (103,089 )
At 31 December 2023 28,373
NET BOOK VALUE
At 31 December 2023 18,075
At 31 December 2022 83,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 8,755 33,217
Other debtors 6,129 64,550
14,884 97,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 40,402 40,402
Hire purchase contracts and finance leases 4,513 33,049
Trade creditors 100,026 93,710
Taxation and social security 850,732 634,246
Other creditors 150,844 133,319
1,146,517 934,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts and finance leases - 4,548
Other creditors 81,989 117,249
81,989 121,797

Eurotrade Windows Limited (Registered number: SC126666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 29,742 39,261

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 40,402 40,402
Other loans 93,083 126,213
133,485 166,615

The use by the company of its bank overdraft facility has been secured by a bond and floating charge over the assets of the company. In addition borrowings provided by Tennent Caledonian Breweries Wholesale Limited benefit from a standard security over whole subjects the Kirkton Inn, Main Street, Dalrymple, Ayr, KA6 6DF and 3 Main Street, Dalrymple KA6 6DF.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors were due £59,631 (2022 £7,463) in respect of funds advanced to the company.