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REGISTERED NUMBER: 07365263 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

CETEC Europe Limited

CETEC Europe Limited (Registered number: 07365263)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CETEC Europe Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs Y Zhou
Miss J Hu
Q Han





REGISTERED OFFICE: 4 Newmarket Court
Derby
DE24 8NW





REGISTERED NUMBER: 07365263 (England and Wales)





AUDITORS: Bourne & Co
Statutory Auditors
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

CETEC Europe Limited (Registered number: 07365263)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 346
Investments 5 509,487 509,487
509,487 509,833

CURRENT ASSETS
Stocks - 8,890
Debtors 6 402,551 510,871
Cash at bank and in hand 131,038 24,953
533,589 544,714
CREDITORS
Amounts falling due within one year 7 17,704 14,568
NET CURRENT ASSETS 515,885 530,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,372

1,039,979

CAPITAL AND RESERVES
Called up share capital 8 1,091,191 1,091,191
Capital redemption reserve 9 513,502 513,502
Retained earnings 9 (579,321 ) (564,714 )
SHAREHOLDERS' FUNDS 1,025,372 1,039,979

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:





Q Han - Director


CETEC Europe Limited (Registered number: 07365263)

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

1. STATUTORY INFORMATION

CETEC Europe 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.

Preparation of consolidated financial statements
The financial statements contain information about CETEC Europe Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration. Sales are recognised when goods have been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


CETEC Europe Limited (Registered number: 07365263)

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 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.

Research and development
Expenditure on research and development is accounted for as a cost in the year in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors
Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

CETEC Europe Limited (Registered number: 07365263)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 42,410 1,965 44,375
DEPRECIATION
At 1 January 2024 42,063 1,966 44,029
Charge for year 347 (1 ) 346
At 31 December 2024 42,410 1,965 44,375
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 347 (1 ) 346

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 509,487
NET BOOK VALUE
At 31 December 2024 509,487
At 31 December 2023 509,487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 348,594 495,490
VAT 12,703 1,601
Prepayments and accrued income 41,254 13,780
402,551 510,871

CETEC Europe Limited (Registered number: 07365263)

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
£    £   
Trade creditors - 6,257
Accruals and deferred income 17,704 8,311
17,704 14,568

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,091,191 Ordinary £1 1,091,191 1,091,191

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 (564,714 ) 513,502 (51,212 )
Deficit for the year (14,607 ) (14,607 )
At 31 December 2024 (579,321 ) 513,502 (65,819 )

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

The Report of the Auditors was unqualified.

David Meadows BA FCA (Senior Statutory Auditor)
for and on behalf of Bourne & Co

11. RELATED PARTY DISCLOSURES

Transactions not concluded under normal market conditions:

Changzhou Evergreen Technology Co., Ltd.

During the year the company made sales of goods, carriage and management fees to its immediate parent company Changzhou Evergreen Technology Co, Ltd totalling £247,600 (2023 - £35,268) . These transactions were made at cost plus an administration fee. The balance outstanding at the year-end in relation to these sales was £224,720 (2023: £269,819).


CETEC Europe Limited (Registered number: 07365263)

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

12. ULTIMATE PARENT COMPANY

Changzhou Evergreen Technology Co., Ltd is the ultimate parent company and prepares consolidated financial statements.

The company is registered in China with a registered office 300, Hehai West Road, Changzhou, Jiangsu, 213125 China.