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REGISTERED NUMBER: 01773012 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Euroquartz Limited

Euroquartz Limited (Registered number: 01773012)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Euroquartz Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Ms P A Woodward
Mr A Treble



SECRETARY: Mr A Treble



REGISTERED OFFICE: Blacknell Lane Ind Estate
Crewkerne
Somerset
TA18 7HE



REGISTERED NUMBER: 01773012 (England and Wales)



SOLICITORS: Humphries Kirk Solicitors
40 High Street West
Dorchester
Dorset
DT1 1UR

Euroquartz Limited (Registered number: 01773012)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 519,177 528,849

CURRENT ASSETS
Stocks 366,983 407,098
Debtors 5 272,447 250,083
Cash at bank 727,183 728,533
1,366,613 1,385,714
CREDITORS
Amounts falling due within one year 6 114,546 119,454
NET CURRENT ASSETS 1,252,067 1,266,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,771,244

1,795,109

CAPITAL AND RESERVES
Called up share capital 60,556 60,556
Share premium 113,585 113,585
Revaluation reserve 435,057 440,361
Capital redemption reserve 37,266 37,266
Retained earnings 1,124,780 1,143,341
SHAREHOLDERS' FUNDS 1,771,244 1,795,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




Ms P A Woodward - Director



Mr A Treble - Director


Euroquartz Limited (Registered number: 01773012)

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

1. STATUTORY INFORMATION

Euroquartz 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 as modified by the revaluation of certain assets.

Going concern

The accounts have been prepared on a going concern basis. The company is unencumbered by debt with a healthy net current assets position at the year-end and net assets overall.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on straight line basis
Plant and machinery - 33% on straight line basis and 25% on straight line basis

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Euroquartz Limited (Registered number: 01773012)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 550,000 808,408 1,358,408
Additions - 2,900 2,900
At 31 December 2024 550,000 811,308 1,361,308
DEPRECIATION
At 1 January 2024 22,000 807,559 829,559
Charge for year 11,000 1,572 12,572
At 31 December 2024 33,000 809,131 842,131
NET BOOK VALUE
At 31 December 2024 517,000 2,177 519,177
At 31 December 2023 528,000 849 528,849

The directors have revalued the freehold property at 31 December 2021 based on a professional valuation at £550,000 dated 22 June 2022. The directors are of the opinion that there is no material difference between market value and carrying value at 31 December 2024.

Cost or valuation at 31 December 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2021 150,000 - 150,000
Valuation in 2004 115,193 - 115,193
Cost 284,807 811,308 1,096,115
550,000 811,308 1,361,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 249,771 211,123
Corporation tax refund debtor - 18,601
VAT 5,425 2,815
Deferred tax asset 2,239 268
Prepayments and accrued income 15,012 17,276
272,447 250,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,041 57,978
Social security and other taxes 9,010 11,117
Other creditors 963 -
Accrued expenses 47,532 50,359
114,546 119,454

Euroquartz Limited (Registered number: 01773012)

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

7. ULTIMATE CONTROLLING PARTY

The company is under the control of the Directors, Mr A Treble and Ms P A Woodward.