REGISTERED NUMBER: 03645077 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EUROWIRE CONTAINERS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M Yunus

Mr S M Maan

REGISTERED OFFICE:

c/o Eurowire Containers Limited

Maypole Fields

CRADLEY HEATH

West Midlands

B63 2QB

REGISTERED NUMBER:

03645077 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Eurowire Containers Limited for the year ended 31st December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eurowire Containers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eurowire Containers Limited and state those matters that we have agreed to state to the Board of Directors of Eurowire Containers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eurowire Containers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eurowire Containers 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 Eurowire Containers Limited. You consider that Eurowire Containers 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 Eurowire Containers 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.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

22nd September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

723,095

708,154

723,095

708,154

CURRENT ASSETS

Stocks

84,588

81,832

Debtors

6

412,052

222,185

Cash at bank

132,233

98,618

628,873

402,635

CREDITORS

Amounts falling due within one year

7

541,550

386,344

NET CURRENT ASSETS

87,323

16,291

TOTAL ASSETS LESS CURRENT LIABILITIES

810,418

724,445

CREDITORS

Amounts falling due after more than one year

8

(213,845

)

(180,378

)

PROVISIONS FOR LIABILITIES

(73,571

)

(60,836

)

NET ASSETS

523,002

483,231

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

522,882

483,111

SHAREHOLDERS' FUNDS

523,002

483,231

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 22nd September 2025 and were signed on its behalf by:

Mr S M Maan - Director

1.	STATUTORY INFORMATION

Eurowire Containers 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

50,000

AMORTISATION

At 1st January 2024

and 31st December 2024

50,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st January 2024

470,736

1,058,198

16,992

5,303

1,551,229

Additions

-

81,580

-

1,410

82,990

At 31st December 2024

470,736

1,139,778

16,992

6,713

1,634,219

DEPRECIATION

At 1st January 2024

111,648

712,688

16,926

1,813

843,075

Charge for year

9,416

57,395

16

1,222

68,049

At 31st December 2024

121,064

770,083

16,942

3,035

911,124

NET BOOK VALUE

At 31st December 2024

349,672

369,695

50

3,678

723,095

At 31st December 2023

359,088

345,510

66

3,490

708,154

Cost or valuation at 31st December 2024 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2009

98,025

-

-

-

98,025

Valuation in 2016

61,375

-

-

-

61,375

Cost

311,336

1,139,778

16,992

6,713

1,474,819

470,736

1,139,778

16,992

6,713

1,634,219

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

311,336

311,336

Aggregate depreciation

93,590

87,363

Freehold land and buildings were valued on an open market basis on 1st March 2016 by John Truslove .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

338,729

190,785

Other debtors

73,323

31,400

412,052

222,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,125

10,125

Hire purchase contracts

20,845

20,845

Trade creditors

469,892

306,476

Taxation and social security

36,478

28,768

Other creditors

4,210

20,130

541,550

386,344

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

9,282

19,407

Hire purchase contracts

32,384

53,231

Trade creditors

97,877

-

Other creditors

74,302

107,740

213,845

180,378

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

53,229

74,076