Registered number
09955063
EUROMOS LTD
Filleted Accounts
31 January 2025
EUROMOS LTD
Registered number: 09955063
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 188,776 230,970
Current assets
Stocks 205,139 155,849
Debtors 4 34,635 32,568
Cash at bank and in hand 2,093 30,953
241,867 219,370
Creditors: amounts falling due within one year 5 (259,645) (168,418)
Net current (liabilities)/assets (17,778) 50,952
Total assets less current liabilities 170,998 281,922
Creditors: amounts falling due after more than one year 6 (35,904) (33,177)
Net assets 135,094 248,745
Capital and reserves
Called up share capital 1 1
Profit and loss account 135,093 248,744
Shareholders' funds 135,094 248,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Zulfikar Ali Kaya
Director
Approved by the board on 17 July 2025
EUROMOS LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20 % reducing balance.
Plant and Machinery 20 % reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 299,530 118,583 418,113
Additions 5,000 - 5,000
At 31 January 2025 304,530 118,583 423,113
Depreciation
At 1 February 2024 122,797 64,346 187,143
Charge for the year 36,347 10,847 47,194
At 31 January 2025 159,144 75,193 234,337
Net book value
At 31 January 2025 145,386 43,390 188,776
At 31 January 2024 176,733 54,237 230,970
4 Debtors 2025 2024
£ £
Trade debtors 2,067 -
Deferred tax asset 32,568 32,568
34,635 32,568
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 3,142 -
Trade creditors 93,522 52,790
Taxation and social security costs 22,818 26,625
Other creditors 140,163 89,003
259,645 168,418
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 13,333 23,333
Obligations under finance lease and hire purchase contracts (1,429) 9,844
Other creditors 24,000 -
35,904 33,177
2025 2024
£ £
7 Contingent liabilities
Corporation tax liability if HMRC disallow R&D claim for 2022 - 28,607
8 Related party transactions
Mr Zulfikar Ali Kaya
9 Other information
EUROMOS LTD is a private company limited by shares and incorporated in England. Its registered office is:
78
Stocking Water Lane
Enfield
England
EN3 7RL
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