REGISTERED NUMBER: 06126114 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

EUROQUIP NEWENT LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

44,481

69,098

44,481

69,098

CURRENT ASSETS

Stocks

-

11,955

Debtors

6

51,935

75,085

Cash at bank and in hand

267,971

397,165

319,906

484,205

CREDITORS

Amounts falling due within one year

7

4,283

63,111

NET CURRENT ASSETS

315,623

421,094

TOTAL ASSETS LESS CURRENT LIABILITIES

360,104

490,192

PROVISIONS FOR LIABILITIES

1,721

5,609

NET ASSETS

358,383

484,583

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

358,283

484,483

SHAREHOLDERS' FUNDS

358,383

484,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

S Bennett - Director

P R Sheen - Director

1.	STATUTORY INFORMATION

Euroquip Newent Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06126114

Registered office:

Unit 1 Strawberry Hill Business Park

Strawberry Hill

Newent

Gloucestershire

GL18 1LH

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible fixed assets consist of goodwill. Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill, relating to the acquisition of a business in 2007, has now been fully amortised in this year's financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling prices less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors loans.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

The directors intend to liquidate the company now these financial statements have been completed. The trade has also ceased, such that the going concern basis no longer remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

35,000

AMORTISATION

At 1 April 2025

and 31 March 2026

35,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Property

Plant and

Motor

improvements

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

59,654

148,592

94,965

303,211

Disposals

-

(142,972

)

(26,367

)

(169,339

)

At 31 March 2026

59,654

5,620

68,598

133,872

DEPRECIATION

At 1 April 2025

20,079

128,748

85,286

234,113

Charge for year

1,979

148

2,147

4,274

Eliminated on disposal

-

(123,718

)

(25,278

)

(148,996

)

At 31 March 2026

22,058

5,178

62,155

89,391

NET BOOK VALUE

At 31 March 2026

37,596

442

6,443

44,481

At 31 March 2025

39,575

19,844

9,679

69,098

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

31,320

66,754

Other debtors

20,615

6,679

Prepayments

-

1,652

51,935

75,085

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

41,178

Corporation tax

-

2,176

VAT

-

15,515

Other creditors

-

445

Directors' current accounts

624

312

Accrued expenses

3,659

3,485

4,283

63,111

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

P R Sheen

Balance outstanding at start of year

(312

)

-

Amounts repaid

(312

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(624

)

(312

)

No interest has been charged on the above balance, and there are no set repayment terms.

9.	RELATED PARTY DISCLOSURES

The company occupies premises owned by the estate of the late director. No rent is charged.