| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2024 |
| for |
| Eurodisc Manufacturing Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st December 2024 |
| for |
| Eurodisc Manufacturing Limited |
| Eurodisc Manufacturing Limited (Registered number: 03658791) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Eurodisc Manufacturing Limited |
| Company Information |
| for the Year Ended 31st December 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4a Printing House Yard |
| Hackney Road |
| London |
| E2 7PR |
| Eurodisc Manufacturing Limited (Registered number: 03658791) |
| Statement of Financial Position |
| 31st December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Eurodisc Manufacturing Limited (Registered number: 03658791) |
| Statement of Financial Position - continued |
| 31st December 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Eurodisc Manufacturing Limited (Registered number: 03658791) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2024 |
| 1. | STATUTORY INFORMATION |
| Eurodisc Manufacturing Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Eurodisc Manufacturing Limited (Registered number: 03658791) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2024 |
| and 31st December 2024 |
| DEPRECIATION |
| At 1st January 2024 |
| Charge for year |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 31st December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes | ( |
) |
| VAT liability | 29,205 | 26,035 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts |
| Eurodisc Manufacturing Limited (Registered number: 03658791) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2024 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st January 2024 |
| Profit for the year |
| Dividends | ( |
) |
| At 31st December 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| Eurodisc Manufacturing Limited (EML) has entered into a sales and management agreement with MPO France SAS under which MPO has some influence over the financial and operating policies of EML. |
| The following transactions were entered into during the period: |
| (1) Interest charged by MPO France SAS during the year amounted to £5,773 (2023: £24,192). At the balance sheet date the total owing to MPO France SAS included in accruals is £16,248.50 (2023: £26,724) and total loan balance outstanding to MPO France SAS was £5,773 (2023: £26,724). |
| (2) During the year EML purchased at arms length goods and services to the value of £595,887 (2023: £860,916) from MPO France SAS. At the balance sheet date £137,307 (2023: £92,001) was outstanding. |