Euler DataOps & Analytics Limited
Company Registration No. 03624203 (England And Wales)
Unaudited Financial Statements
Year Ended 31 March 2025
EULER DATAOPS & ANALYTICS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
EULER DATAOPS & ANALYTICS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
63,413
96,124
Current assets
Debtors
5
1,261,978
1,478,896
Cash at bank and in hand
263,229
246,042
1,525,207
1,724,938
Creditors: amounts falling due within one year
6
(1,168,807)
(1,415,033)
Net current assets
356,400
309,905
Total assets less current liabilities
419,813
406,029
Provisions for liabilities
(1,833)
Net assets
419,813
404,196
Capital and reserves
Called up share capital
54,950
54,950
Share premium account
20,691
20,691
Profit and loss reserves
344,172
328,555
Total equity
419,813
404,196
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
EULER DATAOPS & ANALYTICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 June 2025 and are signed on its behalf by:
R Jones
Director
Company registration number 03624203 (England and Wales)
EULER DATAOPS & ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Euler DataOps & Analytics Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Gateway, Sankey Street, Warrington, Cheshire, WA1 1SR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and discounts. Turnover is recognised based on the period for which the services relates to.
Revenue from the provision of services is recognised based on the date of the work completed. For any contract work, this is recognised on a straight line basis over the life of the contract.
1.3
Intangible fixed assets - goodwill
Goodwill representing the excess of the purchase price compared with the fair value of net assets acquired is capitalised and amortised over 5 years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
20% straight line
Fixtures and fittings
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
EULER DATAOPS & ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade debtors and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
EULER DATAOPS & ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
EULER DATAOPS & ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.13
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
46
49
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
350,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
350,000
Carrying amount
At 31 March 2025
At 31 March 2024
EULER DATAOPS & ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
129,659
113,117
242,776
Additions
5,107
5,107
At 31 March 2025
129,659
118,224
247,883
Depreciation and impairment
At 1 April 2024
51,864
94,788
146,652
Depreciation charged in the year
25,932
11,886
37,818
At 31 March 2025
77,796
106,674
184,470
Carrying amount
At 31 March 2025
51,863
11,550
63,413
At 31 March 2024
77,795
18,329
96,124
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
553,450
811,037
Other debtors
445,960
313,813
Prepayments and accrued income
262,568
354,046
1,261,978
1,478,896
EULER DATAOPS & ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
139,188
231,530
Corporation tax
145,985
185,050
Other taxation and social security
215,353
245,397
Other creditors
8,499
9,082
Accruals and deferred income
659,782
743,974
1,168,807
1,415,033
7
Charges
HSBC UK Bank PLC has a fixed and floating charge dated 20 December 2019 containing a negative pledge over all of the property or undertaking of the company.
Ian Johnstone and Anita Johnstone have a fixed and floating charge dated 20 December 2019 containing a negative pledge over all of the property or undertaking of the company.
8
Financial commitments, guarantees and contingent liabilities
An inter-company debenture is in place in favour of Ian and Anita Johnstone between the company and Euler Holdings Limited. At the balance sheet date, group borrowings payable to Anita Johnstone totalled £1,174,000 (2024: £2,448,000).
An inter-company guarantee is also in place in favour of HSBC UK Bank plc between the company and Euler Holdings Limited. At the balance sheet date, group borrowings payable to HSBC UK Bank plc totalled £1,230,270 (2024: £nil).
9
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
48,738
20,255