REGISTERED NUMBER: 03475655 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Euroduty Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W E A Matthews

Mrs S E Matthews

SECRETARY:

Mrs S E Matthews

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

TAUNTON

Somerset

TA1 2PX

REGISTERED NUMBER:

03475655 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

380,230

364,373

CURRENT ASSETS

Stocks

6,958

9,554

Debtors

5

16,869

5,646

Cash at bank and in hand

60,687

66,081

84,514

81,281

CREDITORS

Amounts falling due within one year

6

66,658

64,130

NET CURRENT ASSETS

17,856

17,151

TOTAL ASSETS LESS CURRENT LIABILITIES

398,086

381,524

CREDITORS

Amounts falling due after more than one year

7

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

(28,652

)

(24,123

)

NET ASSETS

367,767

345,734

CAPITAL AND RESERVES

Called up share capital

596

596

Capital redemption reserve

404

404

Retained earnings

366,767

344,734

SHAREHOLDERS' FUNDS

367,767

345,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2026 and were signed on its behalf by:

W E A Matthews - Director

1.	STATUTORY INFORMATION

Euroduty Limited 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Improvements to property

-

1% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Freehold

to

property

Land

property

£

£

£

COST

At 1 April 2024

226,002

100,000

7,534

Additions

-

-

12,353

Disposals

-

-

-

At 31 March 2025

226,002

100,000

19,887

DEPRECIATION

At 1 April 2024

58,119

-

29

Charge for year

2,260

-

103

Eliminated on disposal

-

-

-

At 31 March 2025

60,379

-

132

NET BOOK VALUE

At 31 March 2025

165,623

100,000

19,755

At 31 March 2024

167,883

100,000

7,505

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

391,907

22,426

6,100

753,969

Additions

33,770

50

-

46,173

Disposals

(9,282

)

-

-

(9,282

)

At 31 March 2025

416,395

22,476

6,100

790,860

DEPRECIATION

At 1 April 2024

308,530

19,391

3,527

389,596

Charge for year

23,577

767

643

27,350

Eliminated on disposal

(6,316

)

-

-

(6,316

)

At 31 March 2025

325,791

20,158

4,170

410,630

NET BOOK VALUE

At 31 March 2025

90,604

2,318

1,930

380,230

At 31 March 2024

83,377

3,035

2,573

364,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,159

1,265

Other debtors

12,710

4,381

16,869

5,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

26,736

12,410

Taxation and social security

18,053

33,975

Other creditors

11,869

7,745

66,658

64,130

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

The company took advantage of the Coronavirus Business Interruption Loan Scheme (CBILS) provisions and the loan was drawn down in May 2020. The loan, which includes a 12 month capital repayment holiday carries interest at a fixed rate of 2.5% (covered by the government for the first 12 months) and is repayable in 60 monthly instalments from June 2021. The loan is repayable by May 2026.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

W E A Matthews

Balance outstanding at start of year

1,276

11,248

Amounts advanced

3,700

2,742

Amounts repaid

(4,976

)

(12,714

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,276

Mrs S E Matthews

Balance outstanding at start of year

1,276

3,562

Amounts advanced

-

5,214

Amounts repaid

(1,276

)

(7,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,276