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EUROPA ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROPA ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: I K Young
S Lander
C T Patchett
J M Gent





REGISTERED OFFICE: Unit 2 Riverside Park East Service Road
Raynesway
Derby
DE21 7RW





REGISTERED NUMBER: 02473116 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,112 201,385

CURRENT ASSETS
Stocks 268,677 247,135
Debtors 5 423,349 514,718
Cash at bank and in hand 537,553 200,869
1,229,579 962,722
CREDITORS
Amounts falling due within one year 6 783,646 830,062
NET CURRENT ASSETS 445,933 132,660
TOTAL ASSETS LESS CURRENT LIABILITIES 686,045 334,045

CREDITORS
Amounts falling due after more than one year 7 (73,498 ) (61,523 )

PROVISIONS FOR LIABILITIES 10 (38,600 ) (32,400 )
NET ASSETS 573,947 240,122

CAPITAL AND RESERVES
Called up share capital 11 40,000 40,000
Share premium 15,000 15,000
Other reserves 20,000 20,000
Retained earnings 498,947 165,122
SHAREHOLDERS' FUNDS 573,947 240,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





I K Young - Director


EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

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


1. STATUTORY INFORMATION

Europa Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 12.5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

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


2. ACCOUNTING POLICIES - continued

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 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 29,459 13,352 307,841 90,933 441,585
Additions 1,220 1,976 188,232 3,698 195,126
Disposals (705 ) - (146,621 ) - (147,326 )
At 31 October 2024 29,974 15,328 349,452 94,631 489,385
DEPRECIATION
At 1 November 2023 17,010 12,400 129,302 81,488 240,200
Charge for year 1,916 353 30,590 4,130 36,989
Eliminated on disposal (229 ) - (27,687 ) - (27,916 )
At 31 October 2024 18,697 12,753 132,205 85,618 249,273
NET BOOK VALUE
At 31 October 2024 11,277 2,575 217,247 9,013 240,112
At 31 October 2023 12,449 952 178,539 9,445 201,385


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 364,869 447,363
Other debtors 58,480 67,355
423,349 514,718

EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 44,015 35,282
Trade creditors 267,243 353,064
Taxation and social security 316,617 231,286
Other creditors 145,771 200,430
783,646 830,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Hire purchase contracts (see note 8) 62,665 40,690
73,498 61,523

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 44,015 35,282
Between one and five years 62,665 40,690
106,680 75,972

Non-cancellable operating leases
2024 2023
£    £   
Within one year 15,250 15,250
Between one and five years 39,396 54,646
54,646 69,896

EUROPA ELECTRICAL LIMITED (REGISTERED NUMBER: 02473116)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 106,680 75,972

The hire purchase loans are secured on the individual assets concerned.

The bank overdraft is secured by way of a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,600 32,400

Deferred
tax
£   
Balance at 1 November 2023 32,400
Provided during year 6,200
Balance at 31 October 2024 38,600

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40,000 Ordinary £1 40,000 40,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
J M Gent
Balance outstanding at start of year - -
Amounts advanced - 60,000
Amounts repaid - (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year was NIL (2023: £644).