Registered number
05146807
EURO METALS LIMITED
Filleted Accounts
31 December 2024
EURO METALS LIMITED
Registered number: 05146807
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 128,248 112,244
Current assets
Debtors 4 925,308 338,956
Cash at bank and in hand 28,689 459,036
953,997 797,992
Creditors: amounts falling due within one year 5 (364,039) (348,765)
Net current assets 589,958 449,227
Total assets less current liabilities 718,206 561,471
Creditors: amounts falling due after more than one year 6 (323,219) (294,875)
Net assets 394,987 266,596
Capital and reserves
Called up share capital 100 100
Profit and loss account 394,887 266,496
Shareholders' funds 394,987 266,596
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Chopra
Director
Approved by the board on 29 December 2025
EURO METALS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 62,340 42,653 52,196 157,189
Additions - 37,700 - 37,700
At 31 December 2024 62,340 80,353 52,196 194,889
Depreciation
At 1 January 2024 - 24,067 20,878 44,945
Charge for the year - 11,257 10,439 21,696
At 31 December 2024 - 35,324 31,317 66,641
Net book value
At 31 December 2024 62,340 45,029 20,879 128,248
At 31 December 2023 62,340 18,586 31,318 112,244
4 Debtors 2024 2023
£ £
Trade debtors 915,085 332,307
Other debtors 10,223 6,649
925,308 338,956
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 45,930 70,827
Trade creditors 129,288 164,692
Taxation and social security costs 182,972 107,464
Other creditors 5,849 5,782
364,039 348,765
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 323,219 294,875
7 Other information
EURO METALS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
118 Cotswold Avenue
Bushey
England
WD23 4QH
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