28 April 2023 false No description of principal activity Taxfiler 2024.6 09897214business:PrivateLimitedCompanyLtd2023-04-282024-04-27 098972142023-04-27 098972142023-04-282024-04-27 09897214business:AuditExempt-NoAccountantsReport2023-04-282024-04-27 09897214business:FilletedAccounts2023-04-282024-04-27 098972142024-04-27 09897214business:Director12023-04-282024-04-27 09897214business:RegisteredOffice2023-04-282024-04-27 098972142023-04-27 09897214core:WithinOneYear2024-04-27 09897214core:WithinOneYear2023-04-27 09897214core:AfterOneYear2024-04-27 09897214core:AfterOneYear2023-04-27 09897214core:ShareCapitalcore:PreviouslyStatedAmount2024-04-27 09897214core:ShareCapitalcore:PreviouslyStatedAmount2023-04-27 09897214core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-27 09897214core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-27 09897214core:PreviouslyStatedAmount2024-04-27 09897214core:PreviouslyStatedAmount2023-04-27 09897214business:SmallEntities2023-04-282024-04-27 09897214countries:EnglandWales2023-04-282024-04-27 09897214core:PlantMachinery2023-04-282024-04-27 09897214core:FurnitureFittings2023-04-282024-04-27 09897214core:Goodwill2023-04-27 09897214core:Goodwill2024-04-27 09897214core:Goodwill2023-04-282024-04-27 09897214core:PlantMachinery2023-04-27 09897214core:MotorVehicles2023-04-27 09897214core:PlantMachinery2024-04-27 09897214core:MotorVehicles2024-04-27 09897214core:MotorVehicles2023-04-282024-04-27 098972142022-04-282023-04-27 iso4217:GBP xbrli:pure
Company Registration No. 09897214 (England and Wales)
Euro Plumbing Limited Unaudited accounts for the year ended 27 April 2024
Euro Plumbing Limited Unaudited accounts Contents
Page
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Euro Plumbing Limited Company Information for the year ended 27 April 2024
Director
SUVAGIA, Yatin Dinesh
Company Number
09897214 (England and Wales)
Registered Office
423 ALEXANDRA AVENUE HARROW HA2 9SE ENGLAND
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Euro Plumbing Limited Statement of financial position as at 27 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
55,000 
50,000 
Tangible assets
25,001 
33,334 
80,001 
83,334 
Current assets
Inventories
195,000 
195,000 
Debtors
29,340 
24,522 
Cash at bank and in hand
8,510 
3,408 
232,850 
222,930 
Creditors: amounts falling due within one year
(75,989)
(72,248)
Net current assets
156,861 
150,682 
Total assets less current liabilities
236,862 
234,016 
Creditors: amounts falling due after more than one year
(392,527)
(326,226)
Net liabilities
(155,665)
(92,210)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(155,765)
(92,310)
Shareholders' funds
(155,665)
(92,210)
For the year ending 27 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 April 2025 and were signed on its behalf by
SUVAGIA, Yatin Dinesh Director Company Registration No. 09897214
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Euro Plumbing Limited Notes to the Accounts for the year ended 27 April 2024
1
Statutory information
Euro Plumbing Limited is a private company, limited by shares, registered in England and Wales, registration number 09897214. The registered office is 423 ALEXANDRA AVENUE, HARROW, HA2 9SE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on SLM
Fixtures & fittings
20% on SLM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortized over useful life of 10 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Euro Plumbing Limited Notes to the Accounts for the year ended 27 April 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 28 April 2023
50,000 
At 27 April 2024
50,000 
Amortisation
At 28 April 2023
- 
Charge for the year
(5,000)
At 27 April 2024
(5,000)
Net book value
At 27 April 2024
55,000 
At 27 April 2023
50,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 28 April 2023
25,000 
16,667 
41,667 
At 27 April 2024
25,000 
16,667 
41,667 
Depreciation
At 28 April 2023
5,000 
3,333 
8,333 
Charge for the year
5,000 
3,333 
8,333 
At 27 April 2024
10,000 
6,666 
16,666 
Net book value
At 27 April 2024
15,000 
10,001 
25,001 
At 27 April 2023
20,000 
13,334 
33,334 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,540 
7,022 
Other debtors
10,800 
17,500 
29,340 
24,522 
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Euro Plumbing Limited Notes to the Accounts for the year ended 27 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,248 
815 
Trade creditors
56,248 
58,616 
Taxes and social security
593 
217 
Accruals
17,900 
12,600 
75,989 
72,248 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
93,400 
58,989 
Other creditors
98,500 
94,170 
Loans from directors
200,627 
173,067 
392,527 
326,226 
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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