Euro Access (Walsall) Limited

Euro Access (Walsall) Limited
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	9,701	12,874
		9,701	12,874
Current assets
Stocks	4	129,395	131,812
Debtors	5	124,498	161,090
Cash at bank and in hand		5,980	7,848
		259,873	300,750
Creditors: amount falling due within one year	6	(151,382)	(188,926)
Net current assets		108,491	111,824

Total assets less current liabilities		118,192	124,698
Creditors: amount falling due after more than one year	7	(26,641)	(33,835)
Net assets		91,551	90,863

Capital and reserves
Called up share capital		100	100
Profit and loss account		91,451	90,763
Shareholders' funds		91,551	90,863

For the year ended 31 May 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 18 May 2026 and were signed by:

-------------------------------
Christopher DAWKINS
Director

Euro Access (Walsall) Limited
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

Euro Access (Walsall) Limited is a private company, limited by shares, registered in England and Wales, registration number 04928800, registration address Unit B2, Tweedale Industrial Estate, TF7 4JR.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15% Straight Line
Motor Vehicles	25% Reducing Balance
Equipment	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 5).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Equipment	Total
	£	£	£	£
At 01 June 2024	8,672	20,140	11,309	40,121
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 May 2025	8,672	20,140	11,309	40,121
Depreciation
At 01 June 2024	8,152	10,463	8,632	27,247
Charge for year	84	2,420	669	3,173
On disposals	-	-	-	-
At 31 May 2025	8,236	12,883	9,301	30,420
Net book values
Closing balance as at 31 May 2025	436	7,257	2,008	9,701
Opening balance as at 01 June 2024	520	9,677	2,677	12,874

Stocks

	2025 £		2024 £
Stocks	129,395		131,812
	129,395		131,812

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	123,306	151,644
Prepayments & Accrued Income	392	3,515
Other Debtors	800	800
Directors' Current Accounts	0	5,131
	124,498	161,090

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	169,471	216,602
Purchase Reserve	(37,083)	(39,209)
Bank Loans & Overdrafts	5,460	5,144
Corporation Tax	1,238	501
PAYE & Social Security	6,952	3,294
Accrued Expenses	3,334	3,615
Obligations under HP/Financial Leases	1,471	2,941
Wages & Salaries Control Account	(7,175)	(7,218)
Directors' Current Accounts	4,995	0
VAT	2,719	3,256
	151,382	188,926

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	23,700	29,423
Obligations Under HP/Financial Leases	2,941	4,412
	26,641	33,835


Registered Number: 04928800
England and Wales
EURO ACCESS (WALSALL) LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 June 2024 End date: 31 May 2025