Eurofabs (U.K.) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03128188

EUROFABS (U.K.) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

EUROFABS (U.K.) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

EUROFABS (U.K.) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		126,442	42,108

Current assets

Stocks		289,725	491,075
Debtors	6	472,960	605,889
Cash at bank and in hand		334,440	14,613
		------------	------------
		1,097,125	1,111,577

Creditors: amounts falling due within one year	7	489,039		559,395
		------------		------------
Net current assets			608,086	552,182
			---------	---------
Total assets less current liabilities			734,528	594,290

Creditors: amounts falling due after more than one year	8		68,575	75,074

Provisions

Taxation including deferred tax	31,011	9,796
	---------	---------
Net assets	634,942	509,420
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	634,940	509,418
	---------	---------
Shareholders funds	634,942	509,420
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

EUROFABS (U.K.) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 11 May 2026 , and are signed on behalf of the board by:

K J Hanson
Director

Company registration number: 03128188

EUROFABS (U.K.) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	25% reducing balance
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 38 (2024: 39 ).

5. Tangible assets

	Property improvements	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	11,017	159,412	111,991	24,100	306,520
Additions	–	75,812	7,261	27,000	110,073
	--------	---------	---------	--------	---------
At 31 December 2025	11,017	235,224	119,252	51,100	416,593
	--------	---------	---------	--------	---------
Depreciation
At 1 January 2025	11,004	133,467	97,902	22,039	264,412
Charge for the year	3	15,269	3,202	7,265	25,739
	--------	---------	---------	--------	---------
At 31 December 2025	11,007	148,736	101,104	29,304	290,151
	--------	---------	---------	--------	---------
Carrying amount
At 31 December 2025	10	86,488	18,148	21,796	126,442
	--------	---------	---------	--------	---------
At 31 December 2024	13	25,945	14,089	2,061	42,108
	--------	---------	---------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 December 2025	60,903	20,250	81,153
	--------	--------	--------
At 31 December 2024	13,879	–	13,879
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	420,600	564,729
Other debtors	52,360	41,160
	---------	---------
	472,960	605,889
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	25,895	22,077
Trade creditors	226,397	222,067
Accruals and deferred income	29,148	27,708
Social security and other taxes	129,184	156,060
Obligations under finance leases and hire purchase contracts	45,145	3,422
Director loan accounts	7,212	7,212
Other creditors	26,058	120,849
	---------	---------
	489,039	559,395
	---------	---------

Bank loans and overdrafts are secured by a mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,078	33,725
Obligations under finance leases and hire purchase contracts	46,206	–
Other creditors	15,291	41,349
	--------	--------
	68,575	75,074
	--------	--------

Bank loans and overdrafts are secured by a mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

9. Director's advances, credits and guarantees

	2025	2024
	£	£
Director loan account	7,212	7,212
	-------	-------

No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

10. Related party transactions

The company was under the control of K J Hanson throughout the current and previous year. K J Hanson owns the whole of the issued share capital.