Euro Harvest Ltd 07343969 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is continued to be that of wholesaler of fruit and vegetables. Digita Accounts Production Advanced 6.30.9574.0 true 07343969 2024-09-01 2025-08-31 07343969 2025-08-31 07343969 bus:OrdinaryShareClass1 2025-08-31 07343969 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-08-31 07343969 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-08-31 07343969 core:CurrentFinancialInstruments 2025-08-31 07343969 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 07343969 core:Non-currentFinancialInstruments 2025-08-31 07343969 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 07343969 core:Goodwill 2025-08-31 07343969 core:FurnitureFittingsToolsEquipment 2025-08-31 07343969 core:LandBuildings 2025-08-31 07343969 core:MotorVehicles 2025-08-31 07343969 bus:SmallEntities 2024-09-01 2025-08-31 07343969 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 07343969 bus:FilletedAccounts 2024-09-01 2025-08-31 07343969 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07343969 bus:RegisteredOffice 2024-09-01 2025-08-31 07343969 bus:Director1 2024-09-01 2025-08-31 07343969 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 07343969 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07343969 core:Goodwill 2024-09-01 2025-08-31 07343969 core:ComputerEquipment 2024-09-01 2025-08-31 07343969 core:FurnitureFittings 2024-09-01 2025-08-31 07343969 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 07343969 core:LandBuildings 2024-09-01 2025-08-31 07343969 core:LeaseholdImprovements 2024-09-01 2025-08-31 07343969 core:MotorVehicles 2024-09-01 2025-08-31 07343969 core:PlantMachinery 2024-09-01 2025-08-31 07343969 countries:EnglandWales 2024-09-01 2025-08-31 07343969 2024-08-31 07343969 core:Goodwill 2024-08-31 07343969 core:FurnitureFittingsToolsEquipment 2024-08-31 07343969 core:LandBuildings 2024-08-31 07343969 core:MotorVehicles 2024-08-31 07343969 2023-09-01 2024-08-31 07343969 2024-08-31 07343969 bus:OrdinaryShareClass1 2024-08-31 07343969 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-08-31 07343969 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-08-31 07343969 core:CurrentFinancialInstruments 2024-08-31 07343969 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07343969 core:Non-currentFinancialInstruments 2024-08-31 07343969 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07343969 core:FurnitureFittingsToolsEquipment 2024-08-31 07343969 core:LandBuildings 2024-08-31 07343969 core:MotorVehicles 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07343969

Euro Harvest Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Euro Harvest Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 9

Euro Harvest Ltd

(Registration number: 07343969)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 182,116 | 159,407
Current assets |  |  |
Stocks |  | 59,434 | 45,887
Debtors | 6 | 371,020 | 382,860
Cash at bank and in hand |  | 32,540 | 27,090
|  | 462,994 | 455,837
Creditors: Amounts falling due within one year | 7 | (512,278) | (505,457)
Net current liabilities |  | (49,284) | (49,620)
Total assets less current liabilities |  | 132,832 | 109,787
Creditors: Amounts falling due after more than one year | 7 | (27,993) | (9,000)
Net assets |  | 104,839 | 100,787
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Profit and loss account |  | 104,739 | 100,687
Shareholders' funds |  | 104,839 | 100,787

For the financial year ending 31 August 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 21 April 2026 and signed on its behalf by:

......................................... F Pesaresi Director

Euro Harvest Ltd

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

1 | General information

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

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 21 April 2026.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Euro Harvest Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class | Depreciation method and rate
Plant and machinery | 20% Straight line
Motor vehicle | 25% Reducing balance
Fixtures and fittings | 20% Straight line
Computer equipment | 33% Straight line
Leasehold improvement | Lease term

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, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Euro Harvest Ltd

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

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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Euro Harvest Ltd

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

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 16 (2024 - 14).

Euro Harvest Ltd

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

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 2,500 | 2,500
At 31 August 2025 | 2,500 | 2,500
Amortisation
At 1 September 2024 | 2,500 | 2,500
At 31 August 2025 | 2,500 | 2,500
Carrying amount
At 31 August 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 128,660 | 18,216 | 158,572 | 305,448
Additions | - | 549 | 51,995 | 52,544
At 31 August 2025 | 128,660 | 18,765 | 210,567 | 357,992
Depreciation
At 1 September 2024 | 20,586 | 14,761 | 110,694 | 146,041
Charge for the year | 10,293 | 1,281 | 18,261 | 29,835
At 31 August 2025 | 30,879 | 16,042 | 128,955 | 175,876
Carrying amount
At 31 August 2025 | 97,781 | 2,723 | 81,612 | 182,116
At 31 August 2024 | 108,074 | 3,455 | 47,878 | 159,407

Included within the net book value of land and buildings above is £97,781 (2024 - £108,074) in respect of short leasehold land and buildings.

Euro Harvest Ltd

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

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 354,841 | 367,880
Prepayments | 11,437 | 11,180
Other debtors | 4,742 | 3,800
| 371,020 | 382,860

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 250,906 | 284,384
Trade creditors |  | 244,769 | 199,707
Taxation and social security |  | 9,561 | 8,305
Accruals and deferred income |  | 3,450 | 11,235
Other creditors |  | 3,592 | 1,826
|  | 512,278 | 505,457

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 27,993 | 9,000

Euro Harvest Ltd

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

8 | Share capital

Allotted, called up and fully paid shares

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

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 9,000
Hire purchase contracts | 27,993 | -
| 27,993 | 9,000

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,000 | 12,000
Bank overdrafts | 191,597 | 180,718
Hire purchase contracts | 15,809 | 6,666
Other borrowings | 34,500 | 85,000
| 250,906 | 284,384

Bank borrowings

The bank loan is a six year Coronavirus Business Interruption Loan with the first year's interest paid for by the government and no repayments due for the first year. From the second year, interest at 3.99% over the Bank of England base rate is due and the loan becomes repayable by monthly instalments. The final instalment is due in May 2026.
The bank loan is secured by a debenture dated 30 October 2020 and fixed and floating charges over the assets of the company.
The bank loan is repayable by monthly instalments over the period of the loan.
The aggregate amount of creditors for which security has been given amounted to £9,000 (2024 - £21,000).

Euro Harvest Ltd

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

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £82,496 (2024 - £141,550).

11 | Related party transactions

Included within other creditors is an amount of £Nil (2024:£169) that is payable to director. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.
At the balance sheet date, included within other borrowings falling due within one year is an amount of £34,500 (2024: £84,500) owed by connected company in which the director has beneficial interest. The loans are interest free, unsecured and repayable on demand.