REGISTERED NUMBER: 02831814 (England and Wales)

EUROSOFT SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

DIRECTOR:

R N Cole

SECRETARY:

Mrs J A Cole

REGISTERED OFFICE:

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

REGISTERED NUMBER:

02831814 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

715

715

715

715

CURRENT ASSETS

Debtors

6

194,802

172,972

CREDITORS

Amounts falling due within one year

7

(614,970

)

(616,479

)

NET CURRENT LIABILITIES

(420,168

)

(443,507

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(419,453

)

(442,792

)

CAPITAL AND RESERVES

Called up share capital

8

115

115

Share premium

9

366,985

366,985

Retained earnings

9

(786,553

)

(809,892

)

SHAREHOLDERS' FUNDS

(419,453

)

(442,792

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

R N Cole - Director

1.	STATUTORY INFORMATION

Eurosoft Systems 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.

The accounts have been prepared on the going concern basis, as in the opinion of the director:

The director and other shareholders have confirmed their willingness not to withdraw their support to the company for the time being.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

18,378

DEPRECIATION

At 1 January 2024

and 31 December 2024

18,378

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

715

NET BOOK VALUE

At 31 December 2024

715

At 31 December 2023

715

The fixed asset investments represent the company's interests in its three subsidiaries: ESL Smart Solutions Ltd, ESL Cloud Solutions Ltd, and ESL Professional Services Ltd.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,300

22,100

Amounts owed by group undertakings

158,677

148,077

Other debtors

2,506

2,506

Prepayments

319

289

194,802

172,972

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

18,212

19,881

Trade creditors

1,199

1,440

Tax

100

100

VAT

3,789

2,389

Other creditors

256,741

256,741

Directors' current accounts

333,179

333,178

Accrued expense

1,750

2,750

614,970

616,479

"Other creditors" are invoices for services provided of from other shareholders of the company. Deferred payment for these loans and invoices has been agreed by all parties.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

114,680

Ordinary

0.1p

115

115

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(809,892

)

366,985

(442,907

)

Profit for the year

23,339

23,339

At 31 December 2024

(786,553

)

366,985

(419,568

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eurosoft Systems Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Eurosoft Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eurosoft Systems Limited and state those matters that we have agreed to state to the director of Eurosoft Systems Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Eurosoft Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eurosoft Systems Limited. You consider that Eurosoft Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eurosoft Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

Date: .............................................