Euroclydon Ltd


Director	MACDOUGALL, Stuart


Company Secretary	NICOLSON NOMINEES LTD


Registered Address	96 Milton Street
	Brixham
	TQ5 0AS


Registered Number	04736830 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		232,486		250,076
Tangible assets	6		2,694,000		2,847,169
			2,926,486		3,097,245
Current assets
Stocks	7	57,448		107,802
Debtors	8,9	528,015		456,762
Cash at bank and on hand		788,271		707,508
		1,373,734		1,272,072
Creditors amounts falling due within one year	10	(468,883)		(398,852)
Net current assets (liabilities)			904,851		873,220
Total assets less current liabilities			3,831,337		3,970,465
Creditors amounts falling due after one year	11		(1,391,080)		(1,494,239)
Provisions for liabilities	13		(168,555)		(143,577)
Net assets			2,271,702		2,332,649
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			2,270,702		2,331,649
Shareholders' funds			2,271,702		2,332,649

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 January 2026, and are signed on its behalf by:

MACDOUGALL, Stuart
Director
Registered Company No. 04736830

Euroclydon Ltd

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	5
	Vehicles	4

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		9

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 September 24	50,000	351,800	401,800
Disposals	(50,000)	-	(50,000)
At 31 August 25	-	351,800	351,800
Amortisation and impairment
At 01 September 24	50,000	101,724	151,724
Charge for year	17,590	-	17,590
On disposals	(50,000)	-	(50,000)
At 31 August 25	17,590	101,724	119,314
Net book value
At 31 August 25	(17,590)	250,076	232,486
At 31 August 24	-	250,076	250,076

5.	Useful life of intangible assets
	Intangible fixed assets are amortized evenly over their expected useful life of 20 years.

6.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 September 24	4,280,208	38,240	4,318,448
Additions	68,020	-	68,020
At 31 August 25	4,348,228	38,240	4,386,468
Depreciation and impairment
At 01 September 24	1,433,039	38,240	1,471,279
Charge for year	221,189	-	221,189
At 31 August 25	1,654,228	38,240	1,692,468
Net book value
At 31 August 25	2,694,000	-	2,694,000
At 31 August 24	2,847,169	-	2,847,169

7.	Stocks

	2025	2024
	£	£
Raw materials and consumables	57,448	107,802
Total	57,448	107,802

8.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	239,339	163,512
Amounts owed by associates and joint ventures / participating interests	150,000	150,000
Other debtors	42,953	10,100
Prepayments and accrued income	49,152	18,858
Total	481,444	342,470

9.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	46,572	114,292
Total	46,572	114,292

10.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	95,136	49,962
Bank borrowings and overdrafts	191,654	198,825
Taxation and social security	-	726
Accrued liabilities and deferred income	182,093	149,339
Total	468,883	398,852

11.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,391,080	1,494,239
Total	1,391,080	1,494,239

12.	Creditors: amounts due after 5 years
	Included in long term-creditors are bank loans repayable in more than 5 years of £624,462 (2024: £819,250).

13.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	168,555	143,577
Total	168,555	143,577

14.	Related party transactions
	During the year the director received £30,139 (2024: £nil) as his crew share. During the year, the director paid interest of £7,121 (2024: £4,733) to e company for the outstanding loan balance. At the year end he was due £186,812 (2024: £264,292) to the company.

15.	Controlling party
	The ultimate controlling parties are Stuart MacDougall and Lesley MacDougall.