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REGISTERED NUMBER: 08792494 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Euroclean Ltd

Euroclean Ltd (Registered number: 08792494)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Euroclean Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R T Ashcroft
Mrs A A Ashcroft





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 08792494 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Euroclean Ltd (Registered number: 08792494)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,535 137,596
Investment property 5 326,446 316,895
449,981 454,491

CURRENT ASSETS
Debtors 6 429,360 318,930
Cash at bank 192,209 194,983
621,569 513,913
CREDITORS
Amounts falling due within one year 7 91,541 113,221
NET CURRENT ASSETS 530,028 400,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

980,009

855,183

CREDITORS
Amounts falling due after more than one year 8 (182,841 ) (202,799 )

PROVISIONS FOR LIABILITIES (22,847 ) (24,326 )
NET ASSETS 774,321 628,058

CAPITAL AND RESERVES
Called up share capital 10 2 3
Revaluation reserve (24,110 ) (24,110 )
Capital redemption reserve 1 -
Retained earnings 798,428 652,165
SHAREHOLDERS' FUNDS 13 774,321 628,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Euroclean Ltd (Registered number: 08792494)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





R T Ashcroft - Director


Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Euroclean Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.
When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 4,242 165,762 5,849 175,853
Additions - 24,119 999 25,118
Disposals - - (1,822 ) (1,822 )
At 31 December 2024 4,242 189,881 5,026 199,149
DEPRECIATION
At 1 January 2024 2,861 32,517 2,879 38,257
Charge for year 345 37,321 1,049 38,715
Eliminated on disposal - - (1,358 ) (1,358 )
At 31 December 2024 3,206 69,838 2,570 75,614
NET BOOK VALUE
At 31 December 2024 1,036 120,043 2,456 123,535
At 31 December 2023 1,381 133,245 2,970 137,596

The net book value of the assets under hire purchase at the balance sheet date was £29,018 ( 2023 £38,691) .

Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 316,895
Additions 9,551
At 31 December 2024 326,446
NET BOOK VALUE
At 31 December 2024 326,446
At 31 December 2023 316,895

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2019 (57,147 )
Valuation in 2020 25,000
Valuation in 2024 9,551
Cost 349,042
326,446

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 349,042 349,042

The investment property was valued on an open market basis on 31 December 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 103,696 89,048
Other debtors 58,440 30,000
Evergreen Management (UK) Ltd 86,814 86,878
Directors' current accounts 100,819 -
CIS 79,591 113,004
429,360 318,930

Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 16,000 15,602
Hire purchase contracts 4,619 4,400
Corporation Tax 55,200 76,198
Social security and other taxes 3,261 6,388
Pension 182 209
VAT 4,120 2,054
Other creditors 4 -
Net wages 5,730 7,662
Directors' current accounts - 8
Accrued expenses 2,425 700
91,541 113,221

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 33,485 41,660
Bank loans over 5 years 144,930 152,094
Hire purchase contracts 4,426 9,045
182,841 202,799

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 144,930 152,094

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 194,415 209,356
Hire purchase contracts 9,045 13,445
203,460 222,801

The bank borrowings are secured by a way of a legal mortgage.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 3

Euroclean Ltd (Registered number: 08792494)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
R T Ashcroft
Balance outstanding at start of year - -
Amounts advanced 50,410 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,410 -

Mrs A A Ashcroft
Balance outstanding at start of year - -
Amounts advanced 50,409 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,409 -

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £86,814 by a company controlled by R T Ashcroft and Mrs A A Ashcroft (2023 £86,878). No interest has been charged on this loan.

13. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.12.24 31.12.23
£    £   
Profit for the financial year 153,263 252,760
Dividends (1,000 ) (133,695 )
Payments to acquire own shares (6,000 ) -
Net addition to shareholders' funds 146,263 119,065
Opening shareholders' funds 628,058 508,993
Closing shareholders' funds 774,321 628,058