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Registered Number: 05418675
England and Wales

 

 

 

EUROTUBE (2005) LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 (2,032)   1,502 
(2,032)   1,502 
Current assets      
Stocks 4 38,545    43,305 
Debtors 5 644,472    614,474 
Cash at bank and in hand 93,051    176,163 
776,068    833,942 
Creditors: amount falling due within one year 6 (729,670)   (595,195)
Net current assets 46,398    238,747 
 
Total assets less current liabilities 44,366    240,249 
Accruals and deferred income (43,201)   (50,506)
Provisions for liabilities 7   (357)
Net assets 1,165    189,386 
 

Capital and reserves
     
Called up share capital 300    300 
Profit and loss account 865    189,086 
Shareholders' funds 1,165    189,386 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 August 2025 and were signed on its behalf by:


-------------------------------
Gull Yasmin KHAN
Director
1
General Information
Eurotube (2005) Limited is a private company, limited by shares, registered in England and Wales, registration number 05418675, registration address Catalyst House 720 Centennial Avenue, Elstree, Borehamwood, EN5 5BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
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 their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 32 (2023 : 32).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 November 2023 13,392    13,392 
Additions 2,654    2,654 
Disposals (16,046)   (16,046)
At 31 October 2024  
Depreciation
At 01 November 2023 11,890    11,890 
Charge for year 2,032    2,032 
On disposals (11,890)   (11,890)
At 31 October 2024 2,032    2,032 
Net book values
Closing balance as at 31 October 2024 (2,032)   (2,032)
Opening balance as at 01 November 2023 1,502    1,502 


4.

Stocks

2024
£
  2023
£
Stocks 38,545    43,305 
38,545    43,305 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 385,547    373,559 
Other Debtors 253,522    237,986 
639,069    611,545 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors 5,403    2,929 
5,403    2,929 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 227,370    153,253 
Bank Loans & Overdrafts 349,387    324,758 
Taxation and Social Security 64,681    81,839 
Other Creditors 88,232    35,345 
729,670    595,195 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   357 
  357 

2