14 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 02755032 2024-04-01 2025-03-31 02755032 2025-03-31 02755032 2024-03-31 02755032 2023-04-01 2024-03-31 02755032 2024-03-31 02755032 2023-03-31 02755032 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 02755032 core:PlantMachinery 2024-04-01 2025-03-31 02755032 core:FurnitureFittings 2024-04-01 2025-03-31 02755032 core:MotorVehicles 2024-04-01 2025-03-31 02755032 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 02755032 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 02755032 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 02755032 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 02755032 bus:Director2 2024-04-01 2025-03-31 02755032 core:LandBuildings 2024-03-31 02755032 core:PlantMachinery 2024-03-31 02755032 core:FurnitureFittings 2024-03-31 02755032 core:MotorVehicles 2024-03-31 02755032 core:LandBuildings 2025-03-31 02755032 core:PlantMachinery 2025-03-31 02755032 core:FurnitureFittings 2025-03-31 02755032 core:MotorVehicles 2025-03-31 02755032 core:LandBuildings 2024-04-01 2025-03-31 02755032 core:WithinOneYear 2025-03-31 02755032 core:WithinOneYear 2024-03-31 02755032 core:AfterOneYear 2025-03-31 02755032 core:AfterOneYear 2024-03-31 02755032 core:ShareCapital 2025-03-31 02755032 core:ShareCapital 2024-03-31 02755032 core:SharePremium 2025-03-31 02755032 core:SharePremium 2024-03-31 02755032 core:RetainedEarningsAccumulatedLosses 2025-03-31 02755032 core:RetainedEarningsAccumulatedLosses 2024-03-31 02755032 core:BetweenOneFiveYears 2024-03-31 02755032 core:LandBuildings 2024-03-31 02755032 core:PlantMachinery 2024-03-31 02755032 core:FurnitureFittings 2024-03-31 02755032 core:MotorVehicles 2024-03-31 02755032 bus:Director1 2024-04-01 2025-03-31 02755032 bus:SmallEntities 2024-04-01 2025-03-31 02755032 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02755032 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02755032 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02755032 bus:FullAccounts 2024-04-01 2025-03-31 02755032 bus:OrdinaryShareClass1 2025-03-31 02755032 bus:OrdinaryShareClass1 2024-03-31 02755032 bus:OrdinaryShareClass2 2025-03-31 02755032 bus:OrdinaryShareClass2 2024-03-31 02755032 bus:OrdinaryShareClass3 2025-03-31 02755032 bus:OrdinaryShareClass3 2024-03-31 02755032 bus:OrdinaryShareClass4 2025-03-31 02755032 bus:OrdinaryShareClass4 2024-03-31 02755032 bus:AllOrdinaryShares 2025-03-31 02755032 bus:AllOrdinaryShares 2024-03-31 02755032 core:OfficeEquipment 2024-04-01 2025-03-31 02755032 core:OfficeEquipment 2024-03-31 02755032 core:OfficeEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 02755032
Euro Catering Equipment Limited
Filleted Unaudited Financial Statements
31 March 2025
Euro Catering Equipment Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
198,335
219,925
Current assets
Stocks
1,792,893
1,650,315
Debtors
6
1,198,269
892,802
Cash at bank and in hand
106,561
78,508
-----------
-----------
3,097,723
2,621,625
Prepayments and accrued income
40,781
22,410
Creditors: amounts falling due within one year
7
1,809,393
1,519,383
-----------
-----------
Net current assets
1,329,111
1,124,652
-----------
-----------
Total assets less current liabilities
1,527,446
1,344,577
Creditors: amounts falling due after more than one year
8
39,625
61,485
Provisions
Taxation including deferred tax
41,447
20,634
Accruals and deferred income
23,804
3,600
-----------
-----------
Net assets
1,422,570
1,258,858
-----------
-----------
Capital and reserves
Called up share capital
9
4,500
4,500
Share premium account
40
40
Profit and loss account
1,418,030
1,254,318
-----------
-----------
Shareholders funds
1,422,570
1,258,858
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Euro Catering Equipment Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 29 July 2025 , and are signed on behalf of the board by:
M.J. Charlton
Director
Company registration number: 02755032
Euro Catering Equipment Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, incorporated, registered and trading in England and Wales with the company registration number 02755032 . The address of the registered office is 4 Egerton Close, Drayton Fields, Daventry, Northamptonshire, NN11 8PE, UK.
2. Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvement
-
10% straight line
Plant & Machinery
-
15% straight line
Fixtures & Fittings
-
15% straight line
Motor Vehiclrs
-
25% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2024: 14 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Apr 2024
225,169
116,407
59,220
184,095
72,085
656,976
Additions
14,206
2,737
4,776
58,127
233
80,079
Disposals
( 85,268)
( 54,807)
( 76,417)
( 216,492)
--------
--------
-------
--------
-------
--------
At 31 Mar 2025
239,375
33,876
9,189
165,805
72,318
520,563
--------
--------
-------
--------
-------
--------
Depreciation
At 1 Apr 2024
122,404
91,446
57,652
105,904
59,645
437,051
Charge for the year
22,348
4,890
917
26,985
3,929
59,069
Disposals
( 85,137)
( 54,808)
( 33,947)
( 173,892)
--------
--------
-------
--------
-------
--------
At 31 Mar 2025
144,752
11,199
3,761
98,942
63,574
322,228
--------
--------
-------
--------
-------
--------
Carrying amount
At 31 Mar 2025
94,623
22,677
5,428
66,863
8,744
198,335
--------
--------
-------
--------
-------
--------
At 31 Mar 2024
102,765
24,961
1,568
78,191
12,440
219,925
--------
--------
-------
--------
-------
--------
6. Debtors
2025
2024
£
£
Trade debtors
1,167,483
852,461
Other debtors
30,786
40,341
-----------
--------
1,198,269
892,802
-----------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,798
11,798
Trade creditors
848,097
670,017
Social security and other taxes
470,526
337,471
Discounting account
187,096
406,908
Other creditors
291,876
93,189
-----------
-----------
1,809,393
1,519,383
-----------
-----------
As per the charge registered at Companies House, there is a fixed and floating charge over the property and undertaking of the company.
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
15,432
25,091
Other creditors
24,193
36,394
-------
-------
39,625
61,485
-------
-------
9. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary A1 shares of £ 0.01 each
209,375
2,094
209,375
2,094
Ordinary A2 shares of £ 0.01 each
209,375
2,094
209,375
2,094
Ordinary A3 shares of £ 0.01 each
25,000
250
25,000
250
Ordinary A4 shares of £ 0.01 each
6,250
63
6,250
63
Ordinary C shares of £0.01 each
1
1
Ordinary D shares of £0.01 each
1
1
Ordinary E shares of £0.01 each
1
1
Ordinary F shares of £0.01 each
1
1
Ordinary G shares of £0.01 each
1
1
--------
------
--------
------
450,005
4,500
450,005
4,500
--------
------
--------
------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
32,550
55,800
Later than 1 year and not later than 5 years
32,550
-------
-------
32,550
88,350
-------
-------
11. Directors' advances, credits and guarantees
At the reporting date the directors loan account was in credit by £116,524 (2023: Debit £40,321). There is no fixed term for repayment and interest is charged at HMRC's approved rate. Transactions during the year can be summarised as follows: Opening Balance Brought Forward (£40,321) Net Repayments in the Year £157.069 Interest Charged (£ 224) Closing Balance Carried Forward £116,524