REGISTERED NUMBER: |
Eurowonder Limited |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
REGISTERED NUMBER: |
Eurowonder Limited |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
Eurowonder Limited (Registered number: 02137870) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Eurowonder Limited |
Company Information |
for the Year Ended 30 September 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Eurowonder Limited (Registered number: 02137870) |
Balance Sheet |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Stocks |
Debtors | 7 |
Investments | 8 |
Cash at bank |
Creditors |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 10 |
Retained earnings | 11 |
Shareholders' funds |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Eurowonder Limited (Registered number: 02137870) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | Statutory information |
Eurowonder Limited is a |
2. | Accounting policies |
Basis of preparing the 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 the cost less estimated residual value of each asset over its estimated useful life. |
Plant and machinery | - 20% on cost |
Fixtures and fittings | - 20% on cost |
Motor vehicles | - 25% on cost |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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. |
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. |
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. |
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. |
Fixed asset investments |
Fixed asset investments are stated at fair value as estimated by the directors. |
Eurowonder Limited (Registered number: 02137870) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
2. | Accounting policies - continued |
Current asset investments |
Current asset investments are stated at fair value as estimated by the directors. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
Cost |
At 1 October 2023 |
Disposals | ( |
) | ( |
) |
At 30 September 2024 |
Depreciation |
At 1 October 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
5. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 October 2023 |
Additions |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
Investments are recognised at fair value calculated from historical cost and the directors best estimates of current market conditions. Full external valuation has not been carried out due to the undue cost and effort involved. |
6. | Investment property |
Total |
£ |
Fair value |
At 1 October 2023 |
and 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
Eurowonder Limited (Registered number: 02137870) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
6. | Investment property - continued |
If investment property had not been revalued in 2021, it would have been included at a historical cost of £325,000. |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
8. | Current asset investments |
2024 | 2023 |
£ | £ |
Fixed term deposits |
9. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 6,534 | 5,412 |
Directors' current accounts | 137,153 | 5,171 |
Accrued expenses |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 1,000 | 1,000 |
11. | Reserves |
Retained |
earnings |
£ |
At 1 October 2023 |
Profit for the year |
Dividends | ( |
) |
At 30 September 2024 |
12. | Directors' advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
There is no set repayment and no interest is charged on the outstanding balance. |
Eurowonder Limited (Registered number: 02137870) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
13. | Related party disclosures |
During the year, the company purchased goods and services, in the ordinary course of business, from a related party, Critchcraft Limited, a company which is controlled by Mr J Critchley. The value of sales made to Critchcraft Limited amounted to £165,037 (2023 £172,918). The value of the purchases amounted to £7,569 (2023 £8,193) Sales and purchases are made on normal credit terms. The current balance owed from Critchcraft Limited is £797 whilst the current balance owed to Critchcraft Limited is £4,848. |
14. | Ultimate controlling party |
The controlling party is Mr J Critchley. |
Mr J Critchley owns 99.9% of the issued share capital. |