Company No: 04404376 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	7,686		7,554
		7,686		7,554
Current assets
Stocks		740,227		762,069
Debtors	5	1,428,659		1,281,813
Cash at bank and in hand		( 71,668)		27,306
		2,097,218		2,071,188
Creditors: amounts falling due within one year	6	( 1,717,003)		( 1,565,621)
Net current assets		380,215		505,567
Total assets less current liabilities		387,901		513,121
Creditors: amounts falling due after more than one year	7	( 11,309)		( 34,750)
Provision for liabilities		( 1,920)		( 1,890)
Net assets		374,672		476,481
Capital and reserves
Called-up share capital	8	1,200		1,200
Share premium account		150,262		150,262
Profit and loss account		223,210		325,019
Total shareholders' funds		374,672		476,481

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of China Outsourcing (Europe) Limited (registered number: 04404376) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

C J Mooney Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

China Outsourcing (Europe) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Flemming Court, Leigh Road, Eastleigh, SO50 9PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	5 years straight line
Office equipment	4 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Class B Ordinary share of £1	59,346		56,088
Class C Ordinary share of £1	84,012		52,508
Ordinary share of £1	75,988		47,492
	219,346		156,088

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	946		33,667		3,428		17,301		55,342
Additions	0		0		0		2,122		2,122
At 31 March 2025	946		33,667		3,428		19,423		57,464
Accumulated depreciation
At 01 April 2024	944		28,421		2,037		16,386		47,788
Charge for the financial year	2		1,309		275		404		1,990
At 31 March 2025	946		29,730		2,312		16,790		49,778
Net book value
At 31 March 2025	0		3,937		1,116		2,633		7,686
At 31 March 2024	2		5,246		1,391		915		7,554

5. Debtors

	2025		2024
	£		£
Trade debtors	824,896		739,633
Amounts owed by directors	101,577		554
Prepayments	4,770		2,522
Corporation tax	6,056		6,056
Other debtors	491,360		533,048
	1,428,659		1,281,813

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	27,800		27,800
Trade creditors	1,212,575		1,163,119
Shareholder loans	65,941		63,595
Other loans	242,150		129,401
Taxation and social security	163,693		176,415
Other creditors	4,844		5,291
	1,717,003		1,565,621

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	11,309		34,750

The bank loans are personally guaranteed by the directors.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Class B Ordinary share of £ 1.00	1.00		1.00
119,422 Class C Ordinary shares of £ 0.001 each	119.42		119.42
108,015 Class Ordinary (1p) shares of £ 0.01 each	1,080.15		1,080.15
	1,200.57		1,200.57

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Mr P Calver	101,577		0

Advances

An advance was made to the director, in the year, of £101,577, at HMRC approved rates, with no specified repayment date. This balance was repaid within nine months of the year end.