Registrar

Registration number: 02651278

Eurowire Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Eurowire Limited

Company Information

Directors

Mr R Kodesh Mr D A D Kodesh

Company secretary

Mr R Kodesh

Registered office

Unit 2, Zone A (Yellow Railings) Chelmsford Road Industrial Estate Great Dunmow Essex CM6 1XG

Bankers

Bank of Scotland 104 George St Edinburgh EH2 3DF

Accountants

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Eurowire Limited

(Registration number: 02651278)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,226,399	1,312,865
Tangible assets	5	376,320	685,869
Investment property	6	1,640,000	1,018,500
		3,242,719	3,017,234
Current assets
Stocks	8	77,450	56,550
Debtors	9	414,754	583,905
Other financial assets	7	498,742	-
Cash at bank and in hand		579,303	1,030,228
		1,570,249	1,670,683
Creditors: Amounts falling due within one year	10	(259,296)	(306,192)
Net current assets		1,310,953	1,364,491
Total assets less current liabilities		4,553,672	4,381,725
Provisions for liabilities		(100,230)	(69,811)
Net assets		4,453,442	4,311,914
Capital and reserves
Called up share capital	11	100	100
Revaluation reserve		-	230,467
Investment property reserve		461,272	-
Retained earnings		3,992,070	4,081,347
Shareholders' funds		4,453,442	4,311,914

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

Mr R Kodesh
Company secretary and director

Eurowire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Unit 2, Zone A (Yellow Railings), Chelmsford Road Industrial Estate, Great Dunmow, Essex, CM6 1XG.

These financial statements were authorised for issue by the Board on 30 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of wire in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Eurowire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	1% Straight Line
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life of 20 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Other financial assets
These represent holdings of publicly traded investments. These are measured at amortised cost. Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Eurowire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 11).

Eurowire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	1,729,332	1,729,332
At 31 March 2025	1,729,332	1,729,332
Amortisation
At 1 April 2024	416,467	416,467
Amortisation charge	86,466	86,466
At 31 March 2025	502,933	502,933
Carrying amount
At 31 March 2025	1,226,399	1,226,399
At 31 March 2024	1,312,865	1,312,865

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	743,665	90,136	210,456	1,044,257
Revaluations	148,392	-	-	148,392
Additions	-	-	4,127	4,127
Transfers to/from investment property	(500,000)	-	-	(500,000)
At 31 March 2025	392,057	90,136	214,583	696,776
Depreciation
At 1 April 2024	114,165	57,109	187,114	358,388
Charge for the year	5,678	8,257	6,146	20,081
Revaluation	(58,013)	-	-	(58,013)
At 31 March 2025	61,830	65,366	193,260	320,456
Carrying amount
At 31 March 2025	330,227	24,770	21,323	376,320
At 31 March 2024	629,500	33,027	23,342	685,869

Included within the net book value of land and buildings above is £330,227 (2024 - £629,500) in respect of freehold land and buildings.
 

Eurowire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Investment properties

	2025 £
At 1 April	1,018,500
Transfers from owner-occupied property	500,000
Fair value adjustments	121,500
At 31 March	1,640,000

The fair value has been determined by the directors as at 31 March 2025.

7	Other financial assets (current and non-current)

	Financial assets at amortised cost £	Total £
Current financial assets
Cost or valuation
Additions	898,850	898,850
Disposals	(400,108)	(400,108)
At 31 March 2025	498,742	498,742
Carrying amount
At 31 March 2025	498,742	498,742

Eurowire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Stocks

	2025 £	2024 £
Other inventories	77,450	56,550

9

Debtors

	2025 £	2024 £
Trade debtors	303,023	482,905
Prepayments	1,224	-
Other debtors	110,507	101,000
	414,754	583,905

10

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	42,064	32,931
Taxation and social security	194,346	267,425
Accruals and deferred income	3,500	5,836
Other creditors	19,386	-
	259,296	306,192

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100