REGISTERED NUMBER: 03855055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EUTOPIA SOLUTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Voice

Mr P J Hubbard

Mr A Manistre

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

03855055 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

2,543

3,390

CURRENT ASSETS

Debtors

785,817

689,237

Cash at bank

73,118

138,926

858,935

828,163

CREDITORS

Amounts falling due within one year

559,934

514,337

NET CURRENT ASSETS

299,001

313,826

TOTAL ASSETS LESS CURRENT LIABILITIES

301,544

317,216

CREDITORS

Amounts falling due after more than one year

39,167

94,883

NET ASSETS

262,377

222,333

CAPITAL AND RESERVES

Called up share capital

744

744

Share premium

43,392

43,392

Capital redemption reserve

464

464

Retained earnings

217,777

177,733

SHAREHOLDERS' FUNDS

262,377

222,333

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2025 and were signed on its behalf by:

Mr P J Hubbard - Director

1.	STATUTORY INFORMATION

Eutopia Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Fixtures, fittings and equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

13,184

DEPRECIATION

At 1 January 2024

9,794

Charge for year

847

At 31 December 2024

10,641

NET BOOK VALUE

At 31 December 2024

2,543

At 31 December 2023

3,390

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

83,333

129,883

Invoice financing - HSBC

14,053

16,292

97,386

146,175

Bank loans are secured by way of a fixed and floating charge over the assets held by the company.

The other creditors at the balance sheet date contain a liability of £14,053 (2023 - £16,292) in respect of proceeds received from HSBC UK Bank plc.

Funding advance from HSBC UK Bank plc is secured by a charge over the debtors book and a fixed and floating charge over the assets of the company.

6.	RELATED PARTY DISCLOSURES

During the year, the director, Mr D Voice invoiced the company £245,792 (2023: £186,191) for consultancy services. At the balance sheet date, Mr D Voice was owed £53,331 (2023: £30,101) by the company and this balance is included within trade creditors.

At the balance sheet date, the company was owed £472,962 (2023: £383,389) by Eutopia Holdings Limited, the parent company.

At the balance sheet date, the company owed the directors £12,938 (2023: £13,665).