Registered number
10335814
Euro-Matic UK Limited
Unaudited Filleted Accounts
31 March 2025
Euro-Matic UK Limited
Registered number: 10335814
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 95,860 135,790
Current assets
Stocks 76,178 39,898
Debtors 4 72,334 70,104
Cash at bank and in hand 82,364 144,473
230,876 254,475
Creditors: amounts falling due within one year 5 (104,331) (79,900)
Net current assets 126,545 174,575
Total assets less current liabilities 222,405 310,365
Provisions for liabilities (21,000) (29,000)
Net assets 201,405 281,365
Capital and reserves
Called up share capital 100 100
Profit and loss account 201,305 281,265
Shareholders' funds 201,405 281,365
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.
P V King
Director
Approved by the board on 30 July 2025
Euro-Matic UK Limited
Notes to the Accounts
for the year ended 31 March 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 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:
Motor vehicles 25% onm a reducing balance basis
Computer equipment 33% on a straight line basis
Plant and machinery 15% on a straight line basis
Fixtures, fittings, tools and equipment 15% on a straight line basis
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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 by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 19,432 208,918 228,350
Additions 2,948 - 2,948
Disposals - (16,000) (16,000)
At 31 March 2025 22,380 192,918 215,298
Depreciation
At 1 April 2024 13,392 79,168 92,560
Charge for the year 3,678 30,200 33,878
On disposals - (7,000) (7,000)
At 31 March 2025 17,070 102,368 119,438
Net book value
At 31 March 2025 5,310 90,550 95,860
At 31 March 2024 6,040 129,750 135,790
4 Debtors 2025 2024
£ £
Trade debtors 60,062 59,965
Other debtors 12,272 10,139
72,334 70,104
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 11,558 1,462
Taxation and social security costs 23,883 38,523
Other creditors 68,890 39,915
104,331 79,900
6 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 30,046 2,625
7 Other information
Euro-Matic UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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