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REGISTERED NUMBER: 02702351 (England and Wales)















EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED (REGISTERED NUMBER: 02702351)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Dr C Maisch
Miss R S Hill





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 02702351 (England and Wales)





AUDITORS: Folkes Worton LLP
Chartered Accountants and Statutory Auditor
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED (REGISTERED NUMBER: 02702351)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,335,958 2,403,418
2,335,958 2,403,418

CURRENT ASSETS
Cash at bank 382,507 405,916

CREDITORS
Amounts falling due within one year 6 2,165,401 2,212,762
NET CURRENT LIABILITIES (1,782,894 ) (1,806,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,064

596,572

CREDITORS
Amounts falling due after more than one
year

7

(89,078

)

(196,855

)

PROVISIONS FOR LIABILITIES (31,697 ) (32,089 )
NET ASSETS 432,289 367,628

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 429,289 364,628
SHAREHOLDERS' FUNDS 432,289 367,628

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Miss R S Hill - Director


EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED (REGISTERED NUMBER: 02702351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Euro Profile International Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts.

Revenue from the sale of goods is recognised when:
- the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods;
- the amount of the revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - Over 33 years
No depreciation is charged on freehold land.

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.


EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED (REGISTERED NUMBER: 02702351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 77,412
AMORTISATION
At 1 January 2024
and 31 December 2024 77,412
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2024
and 31 December 2024 3,019,449
DEPRECIATION
At 1 January 2024 616,031
Charge for year 67,460
At 31 December 2024 683,491
NET BOOK VALUE
At 31 December 2024 2,335,958
At 31 December 2023 2,403,418

EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED (REGISTERED NUMBER: 02702351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 71,501 99,787
Amounts owed to group undertakings 2,067,471 2,070,419
Taxation and social security 21,603 37,710
Other creditors 4,826 4,846
2,165,401 2,212,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 89,078 196,855

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 160,579 296,642

Bank loans are secured by charges over the freehold properties.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Meredith FCA (Senior Statutory Auditor)
for and on behalf of Folkes Worton LLP

10. CONTINGENT LIABILITIES

The company is party to a guarantee in respect of the bank borrowing of Hoo and How Limited, a company incorporated in England and Wales, which is wholly owned by Dr C. Maisch, a director of the company. At the statement of financial position date, the balance on this borrowing was £1,125,143 (2022 - £1,213,615).

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

EURO PROFILE INTERNATIONAL SYSTEMS
LIMITED (REGISTERED NUMBER: 02702351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. ULTIMATE CONTROLLING PARTY

The parent company is Protektor Group UK Limited, a company incorporated in England and Wales.

The Ultimate parent company is Protektorwerk Florenz Maisch GmbH & Co. KG, a company registered in Germany.

The ultimate controlling party is Dr. C. Maisch.