Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falsewholesale of garden furniture810truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02092865 2023-10-01 2024-09-30 02092865 2022-10-01 2023-09-30 02092865 2024-09-30 02092865 2023-09-30 02092865 c:Director2 2023-10-01 2024-09-30 02092865 d:PlantMachinery 2023-10-01 2024-09-30 02092865 d:PlantMachinery 2024-09-30 02092865 d:PlantMachinery 2023-09-30 02092865 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02092865 d:FurnitureFittings 2023-10-01 2024-09-30 02092865 d:FurnitureFittings 2024-09-30 02092865 d:FurnitureFittings 2023-09-30 02092865 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02092865 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 02092865 d:OtherPropertyPlantEquipment 2024-09-30 02092865 d:OtherPropertyPlantEquipment 2023-09-30 02092865 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02092865 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02092865 d:CurrentFinancialInstruments 2024-09-30 02092865 d:CurrentFinancialInstruments 2023-09-30 02092865 d:Non-currentFinancialInstruments 2024-09-30 02092865 d:Non-currentFinancialInstruments 2023-09-30 02092865 d:Non-currentFinancialInstruments 1 2024-09-30 02092865 d:Non-currentFinancialInstruments 1 2023-09-30 02092865 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02092865 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02092865 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 02092865 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 02092865 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 02092865 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 02092865 d:ShareCapital 2024-09-30 02092865 d:ShareCapital 2023-09-30 02092865 d:CapitalRedemptionReserve 2024-09-30 02092865 d:CapitalRedemptionReserve 2023-09-30 02092865 d:RetainedEarningsAccumulatedLosses 2024-09-30 02092865 d:RetainedEarningsAccumulatedLosses 2023-09-30 02092865 c:OrdinaryShareClass1 2023-10-01 2024-09-30 02092865 c:OrdinaryShareClass1 2024-09-30 02092865 c:OrdinaryShareClass1 2023-09-30 02092865 c:PreferenceShareClass1 2023-10-01 2024-09-30 02092865 c:PreferenceShareClass1 2024-09-30 02092865 c:PreferenceShareClass1 2023-09-30 02092865 c:FRS102 2023-10-01 2024-09-30 02092865 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02092865 c:FullAccounts 2023-10-01 2024-09-30 02092865 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02092865 2 2023-10-01 2024-09-30 02092865 f:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02092865









EUROPA LEISURE (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
EUROPA LEISURE (UK) LIMITED
REGISTERED NUMBER: 02092865

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
218
1,308

  
218
1,308

Current assets
  

Stocks
 5 
329,743
360,100

Debtors: amounts falling due within one year
 6 
144,753
125,721

Cash at bank and in hand
 7 
365,910
353,461

  
840,406
839,282

Creditors: amounts falling due within one year
 8 
(427,429)
(416,532)

Net current assets
  
 
 
412,977
 
 
422,750

Total assets less current liabilities
  
413,195
424,058

Creditors: amounts falling due after more than one year
 9 
(46,164)
(52,160)

  

Net assets
  
367,031
371,898


Capital and reserves
  

Called up share capital 
 11 
5,000
5,000

Capital redemption reserve
  
(38,000)
(38,000)

Profit and loss account
  
400,031
404,898

  
367,031
371,898


Page 1

 
EUROPA LEISURE (UK) LIMITED
REGISTERED NUMBER: 02092865
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider 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 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 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 income and retained earnings 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 27 June 2025.





................................................
Paul Gilbert
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Europa Leisure (UK) Limited is a private company incorporated in England, limited by share capital.  The principal activity of the Company throughout the year was the wholesale of garden furniture.

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.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.7

Taxation

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.


 
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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% Straight line or over 12 years
Fixtures and fittings
-
33% Straight line
Computer Equipment
-
33% Straight line

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 4

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

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 8 (2023 - 10).

Page 5

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer Equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
77,426
8,403
7,863
93,692



At 30 September 2024

77,426
8,403
7,863
93,692



Depreciation


At 1 October 2023
76,551
8,403
7,430
92,384


Charge for the year on owned assets
657
-
433
1,090



At 30 September 2024

77,208
8,403
7,863
93,474



Net book value



At 30 September 2024
218
-
-
218



At 30 September 2023
875
-
433
1,308

Page 6

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
329,743
360,100

329,743
360,100



6.


Debtors

2024
2023
£
£


Trade debtors
120,308
92,703

Amounts owed by group undertakings
542
257

Other debtors
21,062
31,058

Prepayments and accrued income
2,841
1,703

144,753
125,721


Included within other debtors due within one year are loans to the following directors:
Christopher Fitton £737 (2023 - £Nil)
Barry Shea £594 (2023 - £Nil)
There were no conditions attached.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
365,910
353,461

Less: bank overdrafts
-
(138)

365,910
353,323


Page 7

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
138

Trade creditors
24,619
9,377

Corporation tax
13,310
11,763

Other taxation and social security
18,836
14,215

Other creditors
73,751
91,161

Accruals and deferred income
296,913
289,878

427,429
416,532



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Long term directors' loan
46,159
52,155

Share capital treated as debt
5
5

46,164
52,160


Included in creditors due after more than one year is a director’s loan account balance of £46,159 (2023 - £52,155) in relation to Raymond Gilbert.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Long term directors' loan
46,159
52,155



46,159
52,155


Page 8

 
EUROPA LEISURE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares shares of £1.00 each
5,000
5,000

2024
2023
£
£
Shares classified as debt

Allotted, called up and fully paid



495 (2023 - 495) Redeemable B shares shares of £0.01 each
5
5



12.


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 £21,505 (2023 - £19,139). Contributions totalling £783 (2023 - £566) were payable to the fund at the balance sheet date.


13.


Related party transactions

Gilbert Garden Centre Limited is a dormant company in which director and shareholder Raymond Gilbert is also a director and 50% shareholder. During the year amounts of £285 (2023 - £257) were paid on behalf of the Company. At the year end the Company was owed £542 (2023 - £257).


14.


Controlling party

The company is controlled by the director Raymond Gilbert, by virtue of his shareholding as described in
the directors' report. 

 
Page 9