Euro Overseas & Trading UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13060555 (England and Wales)

EURO OVERSEAS & TRADING UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Harikrishna Popatlal Patel

REGISTERED OFFICE:

Churchill House

137-139 Brent Street

Hendon

London

NW4 4DJ

REGISTERED NUMBER:

13060555 (England and Wales)

SENIOR STATUTORY AUDITOR:

Harendra Kishorlal Shah (FCCA)

AUDITORS:

Harendra Kishorlal Shah (FCCA) (Senior Auditor)

For and behalf of Shah & Co (Accountants) Ltd

Chartered Accountants & Statutory Auditors

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

CURRENT ASSETS

Debtors

4

4,735,845

4,215,027

Cash at bank

250,091

504,479

4,985,936

4,719,506

CREDITORS

Amounts falling due within one year

5

(1,789,726

)

(1,659,789

)

NET CURRENT ASSETS

3,196,210

3,059,717

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,196,210

3,059,717

CREDITORS

Amounts falling due after more than one year

6

(3,050,227

)

(2,798,914

)

NET ASSETS

145,983

260,803

CAPITAL AND RESERVES

Called up share capital

7

1

Profit and Loss Account

145,982

260,802

SHAREHOLDERS' FUNDS

145,983

260,803

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

Mr Harikrishna Popatlal Patel - Director

1.	STATUTORY INFORMATION

Euro Overseas & Trading UK Ltd 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.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilized. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are

recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

3,644,181

2,722,937

Amounts owed by group undertakings

861,285

1,131,258

Other debtors

230,379

360,832

4,735,845

4,215,027

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

841,401

983,928

Amounts owed to group undertakings

919,297

554,939

Taxation and social security

(38,668

)

41,504

Other creditors

67,696

79,418

1,789,726

1,659,789

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

5,198

6,519

Other creditors

3,045,029

2,792,395

3,050,227

2,798,914

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

Ordinary

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Harendra Kishorlal Shah (FCCA) (Senior Statutory Auditor)

for and on behalf of Harendra Kishorlal Shah (FCCA) (Senior Auditor)

9.	RELATED PARTY DISCLOSURES

The Company is a wholly owned subsidiary of EOT HOLDING BV, a company registered in Belgium (Enterprise Number 0758837136). At 31/12/2024 the Company owed £108,143 (31/12/2023; £11,503) to its parent company.

EOT HOLDING BV also has a wholly owned trading subsidiary EURO OVERSEAS en TRADING BV, a company also registered in Belgium (Enterprise Number 0466481611). The Company trades with this associate entity. During the year, the company sold goods to the value of £Nil (2023; £2,548,354) to EURO OVERSEAS en TRADING BV. The Company was owed £861,285 at 31/12/2024 (31/12/2023; £1,131,258). During the year, the company purchased goods to the value of £816,351(2023; £554,939) these amounts are still owing.

During the year, the Company was charged £421,934 (2023; £Nil) in management fees by its parent company, Euro Holding BV for (administrative and operational support) services.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.