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Registered Number: 06963703
England and Wales

 

 

 

EUROTUBE LEASING LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director Gull Khan
Registered Number 06963703
Registered Office Catalyst House Elstree,
720 Centennial Avenue
Barnet
Income Statement
WD6 3SY
Accountants The Expert Eye
Catalyst House
720 Centennial Avenue
Elstree, Borehamwood
WD6 3SY
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 88,911    40,971 
Investments 4 300    300 
89,211    41,271 
Current assets      
Debtors 5 44,422    645 
Cash at bank and in hand 160   
44,582    645 
Creditors: amount falling due within one year 6 (67,652)   (25,383)
Net current assets (23,070)   (24,738)
 
Total assets less current liabilities 66,141    16,533 
Creditors: amount falling due after more than one year 7 (56,113)  
Provisions for liabilities 8 (10,190)   (8,392)
Net assets (162)   8,141 
 

Capital and reserves
     
Called up share capital 814    814 
Profit and loss account (976)   7,327 
Shareholders' funds (162)   8,141 
 


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 Khan
Director
2
General Information
Eurotube Leasing Limited is a private company, limited by shares, registered in England and Wales, registration number 06963703, registration address Catalyst House Elstree,, 720 Centennial Avenue, Barnet, Income Statement, WD6 3SY.

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:
Plant and Machinery 25 Reducing Balance
Fixtures and Fittings 3 Straight Line
Computer Equipment 25 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £   £
At 01 November 2023 207,077    25,760          232,837 
Additions 92,108      275    2,225    769    95,377 
Disposals   (25,760)         (25,760)
At 31 October 2024 299,185      275    2,225    769    302,454 
Depreciation
At 01 November 2023 176,657    15,209          191,866 
Charge for year 35,846      115    925      36,886 
On disposals   (15,209)         (15,209)
At 31 October 2024 212,503      115    925      213,543 
Net book values
Closing balance as at 31 October 2024 86,682      160    1,300    769    88,911 
Opening balance as at 01 November 2023 30,420    10,551          40,971 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 November 2023 300    300 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 October 2024 300    300 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 44,422    645 
44,422    645 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   1,530 
Bank Loans & Overdrafts 10,728   
Taxation and Social Security   13,735 
Obligations under HP/Financial Leases 4,068   
Other Creditors 52,856    10,118 
67,652    25,383 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 27,872   
Obligations under HP/Financial Leases 9,763   
Other Creditors 18,478   
56,113   

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 8,392    22,621 
Charged to Profit & Loss 1,798    (14,229)
10,190    8,392 

3