Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-082023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1616truetruefalse 06999176 2023-09-01 2024-08-31 06999176 2022-09-01 2023-08-31 06999176 2024-08-31 06999176 2023-08-31 06999176 c:Director1 2023-09-01 2024-08-31 06999176 d:PlantMachinery 2023-09-01 2024-08-31 06999176 d:PlantMachinery 2024-08-31 06999176 d:PlantMachinery 2023-08-31 06999176 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06999176 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06999176 d:MotorVehicles 2023-09-01 2024-08-31 06999176 d:MotorVehicles 2024-08-31 06999176 d:MotorVehicles 2023-08-31 06999176 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06999176 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06999176 d:FurnitureFittings 2023-09-01 2024-08-31 06999176 d:FurnitureFittings 2024-08-31 06999176 d:FurnitureFittings 2023-08-31 06999176 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06999176 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06999176 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 06999176 d:OtherPropertyPlantEquipment 2024-08-31 06999176 d:OtherPropertyPlantEquipment 2023-08-31 06999176 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06999176 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06999176 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06999176 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06999176 d:CurrentFinancialInstruments 2024-08-31 06999176 d:CurrentFinancialInstruments 2023-08-31 06999176 d:Non-currentFinancialInstruments 2024-08-31 06999176 d:Non-currentFinancialInstruments 2023-08-31 06999176 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 06999176 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06999176 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 06999176 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 06999176 d:ShareCapital 2024-08-31 06999176 d:ShareCapital 2023-08-31 06999176 d:RetainedEarningsAccumulatedLosses 2024-08-31 06999176 d:RetainedEarningsAccumulatedLosses 2023-08-31 06999176 c:FRS102 2023-09-01 2024-08-31 06999176 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06999176 c:FullAccounts 2023-09-01 2024-08-31 06999176 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06999176 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 06999176 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 06999176 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 06999176 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 06999176 d:OtherDeferredTax 2024-08-31 06999176 d:OtherDeferredTax 2023-08-31 06999176 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 06999176 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 06999176 d:LeasedAssetsHeldAsLessee 2024-08-31 06999176 d:LeasedAssetsHeldAsLessee 2023-08-31 06999176 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 06999176









EURO MUNICIPAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
EURO MUNICIPAL LIMITED
REGISTERED NUMBER: 06999176

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,647,158
3,287,810

Current assets
  

Stocks
  
601,500
603,000

Debtors: amounts falling due after more than one year
 5 
174,810
128,075

Debtors: amounts falling due within one year
 5 
1,344,212
1,337,251

Cash at bank and in hand
  
168,436
96,588

  
2,288,958
2,164,914

Creditors: amounts falling due within one year
 6 
(877,608)
(942,599)

Net current assets
  
 
 
1,411,350
 
 
1,222,315

Total assets less current liabilities
  
5,058,508
4,510,125

Creditors: amounts falling due after more than one year
 7 
(322,594)
(313,086)

  

Net assets
  
4,735,914
4,197,039


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
4,735,912
4,197,037

  
4,735,914
4,197,039


Page 1

 
EURO MUNICIPAL LIMITED
REGISTERED NUMBER: 06999176
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 May 2025.




M P Forrester
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration
number: 06999176). The address of the registered office is Cromwell House, 68 West Gate, Mansfield,
Nottinghamshire, NG18 1RR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

At the date of signing there is still a degree of uncertainty about the full economic impact of the cost of living crisis and the wider geo-political issues.  The director continues to monitor the position closely, however he believes that the company can continue at an appropriate level of activity and therefore continues to adopt the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis
Fixtures, fittings and equipment
-
20%
reducing balance or 33.33% straight line basis
Vehicles held for hire
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).

Page 6

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Vehicles held for hire
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
160,246
238,675
97,934
4,853,421
5,350,276


Additions
18,723
109,134
9,838
1,958,777
2,096,472


Disposals
-
(91,618)
-
(1,041,460)
(1,133,078)



At 31 August 2024

178,969
256,191
107,772
5,770,738
6,313,670



Depreciation


At 1 September 2023
107,444
115,494
43,534
1,795,995
2,062,467


Charge for the year on owned assets
13,608
43,992
17,397
879,708
954,705


Charge for the year on financed assets
-
-
-
110,600
110,600


Disposals
-
(54,488)
-
(406,772)
(461,260)



At 31 August 2024

121,052
104,998
60,931
2,379,531
2,666,512



Net book value



At 31 August 2024
57,917
151,193
46,841
3,391,207
3,647,158



At 31 August 2023
52,803
123,180
54,401
3,057,426
3,287,810

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
477,635
413,234

477,635
413,234

Page 7

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Deferred tax asset (note 9)
174,810
128,075

174,810
128,075


2024
2023
£
£

Due within one year

Trade debtors
1,087,238
1,157,579

Other debtors
19,029
152,878

Prepayments and accrued income
237,945
26,794

1,344,212
1,337,251



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
487,107
819,919

Other taxation and social security
157,954
14,798

Obligations under finance lease and hire purchase contracts
189,799
98,465

Other creditors
41,081
9,417

Accruals and deferred income
1,667
-

877,608
942,599


The following liabilities were secured:

2024
2023
£
£



HP & finance leases
189,799
98,465

189,799
98,465

Details of security provided:

The hire purchase liabilities are secured on the related assets.

Page 8

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
322,594
313,086


The following liabilities were secured:

2024
2023
£
£



HP & finance leases
322,594
313,086

322,594
313,086

Details of security provided:

The hire purchase liabilities are secured on the related assets.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
189,799
98,465

Between 1-5 years
322,594
313,086

512,393
411,551

Page 9

 
EURO MUNICIPAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Deferred taxation




2024


£






At beginning of year
128,075


Charged to profit or loss
46,735



At end of year
174,810

The deferred tax asset is made up as follows:

2024
2023
£
£


Capital allowances
174,810
128,075

174,810
128,075


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £11,858 (2023 - £11,637). Contributions totalling £5,155 (2023 - £4,462) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The company is a 100% subsidiary of Euro Municipal (Holdings) Limited a company registered in England & Wales. The address of the registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.
Dividends paid to the parent from this company totalled £218,652 (2023: £162,139).
The company is exempt from being included in consolidated accounts as it is part of a small group.

 
Page 10