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REGISTERED NUMBER: 03371092 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Europex Equipment Limited

Europex Equipment Limited (Registered number: 03371092)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Europex Equipment Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr P R Gregory





SECRETARY: Mrs J Gregory





REGISTERED OFFICE: 49 The Green
Ossett
West Yorkshire
WF5 0AL





REGISTERED NUMBER: 03371092 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Europex Equipment Limited (Registered number: 03371092)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 37,028 44,398

CURRENT ASSETS
Stocks 74,064 73,001
Debtors 6 263,086 297,768
Cash at bank and in hand 167,197 258,397
504,347 629,166
CREDITORS
Amounts falling due within one year 7 117,714 179,341
NET CURRENT ASSETS 386,633 449,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,661

494,223

PROVISIONS FOR LIABILITIES 2,121 4,458
NET ASSETS 421,540 489,765

CAPITAL AND RESERVES
Called up share capital 8 151,000 151,000
Retained earnings 270,540 338,765
SHAREHOLDERS' FUNDS 421,540 489,765

Europex Equipment Limited (Registered number: 03371092)

Statement of Financial Position - continued
31 July 2024


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





Mr P R Gregory - Director


Europex Equipment Limited (Registered number: 03371092)

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

1. STATUTORY INFORMATION

Europex Equipment 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 and functional currency of the financial statements is the Pound Sterling (£).

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 on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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.


Europex Equipment Limited (Registered number: 03371092)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 128,009 49,799 48,114 45,545 271,467
DEPRECIATION
At 1 August 2023 107,077 39,915 42,267 37,810 227,069
Charge for year 2,805 1,472 1,160 1,933 7,370
At 31 July 2024 109,882 41,387 43,427 39,743 234,439
NET BOOK VALUE
At 31 July 2024 18,127 8,412 4,687 5,802 37,028
At 31 July 2023 20,932 9,884 5,847 7,735 44,398


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,686 226,868
Amounts owed by group undertakings 67,701 67,481
Other debtors 3,699 3,419
263,086 297,768

Europex Equipment Limited (Registered number: 03371092)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 70,062 117,101
Taxation and social security 46,496 55,996
Other creditors 1,156 6,244
117,714 179,341

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 A Ordinary £1 1,000 1,000
150,000 B Ordinary £1 150,000 150,000
151,000 151,000

9. CONTINGENT LIABILITIES

At the balance sheet date the company had non-cancellable operating lease commitments with total
minimum payments within 1 year of £5,823 (2023: £7,764) and within 2 to 5 years of £Nil
(2023: £5,823).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R & J Gregory Limited.

The company registered office address of P R & J Gregory Limited is 49 The Green, Ossett, West Yorkshire, WF5 0AL.