EUROPEAN ASIAN METAL LTD

Company Registration Number:
08265993 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

EUROPEAN ASIAN METAL LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

EUROPEAN ASIAN METAL LTD

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 215,554 241,130
Total fixed assets: 215,554 241,130
Current assets
Stocks: 56,098 112,448
Debtors:   57,587 86,543
Cash at bank and in hand: 153,567 273,995
Total current assets: 267,252 472,986
Creditors: amounts falling due within one year:   (235,879) (168,695)
Net current assets (liabilities): 31,373 304,291
Total assets less current liabilities: 246,927 545,421
Creditors: amounts falling due after more than one year:   (234,838) (498,152)
Total net assets (liabilities): 12,089 47,269
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 2,089 37,269
Shareholders funds: 12,089 47,269

The notes form part of these financial statements

EUROPEAN ASIAN METAL LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2025
and signed on behalf of the board by:

Name: JAICHANDRAN SUGUMARAN
Status: Director

The notes form part of these financial statements

EUROPEAN ASIAN METAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over theirexpected useful lives on the following basis: Plant and Machinery 10% Reducing Balance Motor Vehicles 18% Reducing Balance Fixtures and Fittings 18% Reducing Balance

Other accounting policies

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includesall direct costs and an appropriate proportion of fixed and variable overheads.

EUROPEAN ASIAN METAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 4 6

EUROPEAN ASIAN METAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 492,858
At 31 October 2024 492,858
Depreciation
At 01 November 2023 251,728
Charge for year 25,576
At 31 October 2024 277,304
Net book value
At 31 October 2024 215,554
At 31 October 2023 241,130