REGISTERED NUMBER: 02548558 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Eurolec Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P R Wright

K Smith

REGISTERED OFFICE:

Wilton Road

Humberston

Grimsby

North East Lincs

DN36 4AW

REGISTERED NUMBER:

02548558 (England and Wales)

FIXED ASSETS

Tangible assets

4

122,985

129,088

CURRENT ASSETS

Stocks

-

192,818

Debtors

5

1,254,618

624,264

Cash at bank and in hand

3,423,394

480,445

4,678,012

1,297,527

CREDITORS

Amounts falling due within one year

6

1,465,099

221,972

NET CURRENT ASSETS

3,212,913

1,075,555

TOTAL ASSETS LESS CURRENT LIABILITIES

3,335,898

1,204,643

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,334,898

1,203,643

SHAREHOLDERS' FUNDS

3,335,898

1,204,643

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 July 2026 and were signed on its behalf by:

P R Wright - Director

1.	STATUTORY INFORMATION

Eurolec Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

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

-

not provided

Motor vehicles

-

25% on reducing balance

Stocks

The cost of work in progress comprises direct materials and, where applicable direct labour costs and those overheads that have been incurred in bringing the work in progress to its present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

104,678

81,139

185,817

DEPRECIATION

At 1 November 2024

-

56,729

56,729

Charge for year

-

6,103

6,103

At 31 October 2025

-

62,832

62,832

NET BOOK VALUE

At 31 October 2025

104,678

18,307

122,985

At 31 October 2024

104,678

24,410

129,088

The freehold property is not depreciated, which is a departure from FRS 102

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

827,065

244,818

Other debtors

427,553

379,446

1,254,618

624,264

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

406,807

146,699

Taxation and social security

616,458

15,645

Other creditors

441,834

59,628

1,465,099

221,972