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REGISTERED NUMBER: 08918496 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 27 February 2024

for

Euro China Ltd

Euro China Ltd (Registered number: 08918496)






Contents of the Financial Statements
for the Period 1 March 2023 to 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Euro China Ltd

Company Information
for the Period 1 March 2023 to 27 February 2024







DIRECTOR: Ms Y Ying





REGISTERED OFFICE: 141-147 High Street
Staines-Upon-Thames
TW18 4PA





REGISTERED NUMBER: 08918496 (England and Wales)





ACCOUNTANT: SDF Accountancy
30 Norman Road
London
SE10 9QX

Euro China Ltd (Registered number: 08918496)

Balance Sheet
27 February 2024

27.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,900 186,657

CURRENT ASSETS
Debtors 5 160,808 204,232
Prepayments and accrued income 69,687 4,102
Cash at bank and in hand 71,608 122,735
302,103 331,069
CREDITORS
Amounts falling due within one year 6 502,836 546,535
NET CURRENT LIABILITIES (200,733 ) (215,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,833

)

(28,809

)

CREDITORS
Amounts falling due after more than
one year

7

14,471

24,472
NET LIABILITIES (48,304 ) (53,281 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (48,404 ) (53,381 )
(48,304 ) (53,281 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Euro China Ltd (Registered number: 08918496)

Balance Sheet - continued
27 February 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 27 February 2025 and were signed by:





Ms Y Ying - Director


Euro China Ltd (Registered number: 08918496)

Notes to the Financial Statements
for the Period 1 March 2023 to 27 February 2024

1. STATUTORY INFORMATION

Euro China 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
On the basis of long-term financial support from its shareholders, the company will continue
in operational existence in the foreseeable future. For this reason, the director continues to
adopt going concern basis to preparing financial statements.

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.

Plant and machinery etc - 20% on cost

Financial instruments
The company only enter into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors, other debtors, trade creditors, amounts owned to group undertakings, taxation and social security and other creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an as;set's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Euro China Ltd (Registered number: 08918496)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

Euro China Ltd (Registered number: 08918496)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 27 February 2024 21,257 275,098 296,355
DEPRECIATION
At 1 March 2023 7,086 102,612 109,698
Charge for period 1,417 18,340 19,757
At 27 February 2024 8,503 120,952 129,455
NET BOOK VALUE
At 27 February 2024 12,754 154,146 166,900
At 28 February 2023 14,171 172,486 186,657

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

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 27 February 2024 223,468
DEPRECIATION
At 1 March 2023 74,143
Charge for period 14,898
At 27 February 2024 89,041
NET BOOK VALUE
At 27 February 2024 134,427
At 28 February 2023 149,325

Euro China Ltd (Registered number: 08918496)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 28.2.23
£    £   
Trade debtors 54,326 143,166
Other debtors 106,482 61,066
160,808 204,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,001 10,000
Trade creditors 9,385 1,049
Amounts owed to group undertakings 385,289 439,608
Taxation and social security - 3,606
Other creditors 98,161 92,272
502,836 546,535

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
27.2.24 28.2.23
£    £   
Bank loans 13,333 23,334
Other creditors 1,138 1,138
14,471 24,472

8. OTHER FINANCIAL COMMITMENTS

As at 28 February 2023, the total of future minimum payments under non-cancellable operating leases is £121,800.00 within one year (2022:£121,800.00); £487,200.00 later than one year and not later than five years (2022:£487,200.00); £669,900.00 over five years from the balance sheet date (2021:£791,700.00).

Euro China Ltd (Registered number: 08918496)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 27 February 2024 and the year ended 28 February 2023:

27.2.24 28.2.23
£    £   
Ms Y Ying
Balance outstanding at start of period - -
Amounts advanced (5,000 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (5,000 ) -