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EUROZONE BRIGHTON LIMITED

Registered Number
07796646
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

EUROZONE BRIGHTON LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

PHILIPS, Jerjes Nazier

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

07796646 (England and Wales)
EUROZONE BRIGHTON LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets317,34423,312
17,34423,312
Current assets
Stocks450,00050,000
Debtors5977,014975,532
Cash at bank and on hand23,81787,516
1,050,8311,113,048
Creditors amounts falling due within one year6(98,861)(98,552)
Net current assets (liabilities)951,9701,014,496
Total assets less current liabilities969,3141,037,808
Creditors amounts falling due after one year7(49,453)(70,381)
Provisions for liabilities9(4,336)(48,806)
Accruals and deferred income(2,112)(2,052)
Net assets913,413916,569
Capital and reserves
Called up share capital11
Profit and loss account913,412916,568
Shareholders' funds913,413916,569
The financial statements were approved and authorised for issue by the Director on 12 May 2025, and are signed on its behalf by:
PHILIPS, Jerjes Nazier
Director
Registered Company No. 07796646
EUROZONE BRIGHTON LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings25-
Office Equipment-3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 November 2315,102116,2008,19427,811167,307
At 31 October 2415,102116,2008,19427,811167,307
Depreciation and impairment
At 01 November 2313,36395,5197,87627,237143,995
Charge for year4355,171792835,968
At 31 October 2413,798100,6907,95527,520149,963
Net book value
At 31 October 241,30415,51023929117,344
At 31 October 231,73920,68131857423,312
4.Stocks

2024

2023

££
Other stocks50,00050,000
Total50,00050,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors969,600969,600
Prepayments and accrued income7,4145,932
Total977,014975,532
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,8646,982
Taxation and social security663236
Other creditors91,33491,334
Total98,86198,552
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts16,66726,667
Other creditors32,78643,714
Total49,45370,381
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts32,78643,714
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,33648,806
Total4,33648,806
10.Related party transactions
Included in the financial statements is the following balance with a related party: St George Land Limited, a company under common control, Current assets: Debtors £960,000 (2023: £960,000)