Company registration number 08854196 (England and Wales)
EURO FOODS (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
EURO FOODS (UK) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
EURO FOODS (UK) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Tangible assets
3
1,962,786
1,705,285
CURRENT ASSETS
Stocks
504,720
729,458
Debtors
4
490,514
493,286
Cash at bank and in hand
48
-
0
995,282
1,222,744
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5
(6,299,332)
(5,487,862)
NET CURRENT LIABILITIES
(5,304,050)
(4,265,118)
TOTAL ASSETS LESS CURRENT LIABILITIES
(3,341,264)
(2,559,833)
PROVISIONS FOR LIABILITIES
(366,423)
(351,018)
NET LIABILITIES
(3,707,687)
(2,910,851)
CAPITAL AND RESERVES
Called up share capital
200
200
Profit and loss reserves
(3,707,887)
(2,911,051)
TOTAL EQUITY
(3,707,687)
(2,910,851)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EURO FOODS (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
Mr S Hussain
Director
Company registration number 08854196 (England and Wales)
EURO FOODS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

Euro Foods (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is E F G Food Technology Park, Llantarnam Way, Cwmbran, Torfaen, NP44 3GA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The company has net liabilities of £3,707,687. The director has prepared forecasts and is confident that these forecasts are realistic and achievable. The company is currently able to trade due to support from these group companies. Were this support not available then the company would not be able to meet its financial obligations. These group companies have confirmed that they will continue to support the company for the foreseeable future. On this basis the director believes it is appropriate for the financial statement to be produced on a going concern basis.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied , net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

EURO FOODS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5% reducing balance
Fixtures and fittings
25% reducing balance
Equipment
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

EURO FOODS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
137
89
3
TANGIBLE FIXED ASSETS
Plant and equipment
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 January 2024
1,893,434
291,316
8,709
2,193,459
Additions
343,770
25,757
-
0
369,527
At 31 December 2024
2,237,204
317,073
8,709
2,562,986
Depreciation and impairment
At 1 January 2024
286,718
192,960
8,496
488,174
Depreciation charged in the year
85,533
26,423
70
112,026
At 31 December 2024
372,251
219,383
8,566
600,200
Carrying amount
At 31 December 2024
1,864,953
97,690
143
1,962,786
At 31 December 2023
1,606,716
98,356
213
1,705,285
4
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
444,610
307,474
Other debtors
45,904
185,812
490,514
493,286
EURO FOODS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Bank loans and overdrafts
-
0
35,004
Trade creditors
1,144,122
886,475
Amounts owed to group undertakings
4,840,435
4,397,658
Taxation and social security
229,805
84,982
Other creditors
84,970
83,743
6,299,332
5,487,862
6
AUDIT REPORT INFORMATION

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
Ataf Salim
Statutory Auditor:
Kilsby & Williams LLP
Date of audit report:
17 October 2025
7
RELATED PARTY TRANSACTIONS
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2024
2023
2024
2023
£
£
£
£
Euro Foods Group Limited (group company)
2,742,965
855,218
-
-
EFG Food & Tech Holdings Limited (parent company)
-
-
-
123,076
EURO FOODS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
RELATED PARTY TRANSACTIONS
(Continued)
- 7 -

Included within creditors due within one year are the following amounts due to the following companies:

2024
2023
Amounts due to related parties
£
£
Euro Foods Group Limited (group company)
222,777
-
EFG Food & Tech Holdings Limited (parent company)
4,617,658
4,397,658

The above loans are interest free and repayable on demand.

The company has taken advantage of the exemption provided by FRS102 from the requirements to disclose transactions between wholly owned members of the same group.

8
PARENT COMPANY

In the opinion of the directors, the company's ultimate parent company is EFG Food and Tech Holdings Limited, a company registered in England and Wales.

The parent undertaking of the smallest and largest group, which includes the company and for which group accounts are prepared, is EFG Food and Tech Holdings Limited, who's registered office address is E F G Food Technology Park, Llantarnam Way, Cwmbran, Torfaen, NP44 3GA. Copies of group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The company is controlled by its ultimate controlling party, Mr S Hussain.

2024-12-31 2024-01-01 false false false 17 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr S Jabbar Mr S Hussain Unqualified 08854196 2024-01-01 2024-12-31 08854196 2024-12-31 08854196 2023-12-31 08854196 core:PlantMachinery 2024-12-31 08854196 core:FurnitureFittings 2024-12-31 08854196 core:ComputerEquipment 2024-12-31 08854196 core:PlantMachinery 2023-12-31 08854196 core:FurnitureFittings 2023-12-31 08854196 core:ComputerEquipment 2023-12-31 08854196 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08854196 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08854196 core:ShareCapital 2024-12-31 08854196 core:ShareCapital 2023-12-31 08854196 core:RetainedEarningsAccumulatedLosses 2024-12-31 08854196 core:RetainedEarningsAccumulatedLosses 2023-12-31 08854196 bus:Director2 2024-01-01 2024-12-31 08854196 core:PlantMachinery 2024-01-01 2024-12-31 08854196 core:FurnitureFittings 2024-01-01 2024-12-31 08854196 core:ComputerEquipment 2024-01-01 2024-12-31 08854196 2023-01-01 2023-12-31 08854196 core:PlantMachinery 2023-12-31 08854196 core:FurnitureFittings 2023-12-31 08854196 core:ComputerEquipment 2023-12-31 08854196 2023-12-31 08854196 core:CurrentFinancialInstruments 2024-12-31 08854196 core:CurrentFinancialInstruments 2023-12-31 08854196 core:WithinOneYear 2024-12-31 08854196 core:WithinOneYear 2023-12-31 08854196 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08854196 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08854196 bus:FRS102 2024-01-01 2024-12-31 08854196 bus:Audited 2024-01-01 2024-12-31 08854196 bus:Director1 2024-01-01 2024-12-31 08854196 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP