REGISTERED NUMBER: 03469329 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

European Exhaust & Catalyst Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Clark

Mr P W Newby

SECRETARY:

Mrs P C Clark

REGISTERED OFFICE:

Unit 2&3 Parklands Industrial Estate

Forest Road,

Denmead

Waterlooville

Hampshire

PO7 6TJ

REGISTERED NUMBER:

03469329 (England and Wales)

ACCOUNTANTS:

Andrew Spencer Associates Limited

Chartered Certified Accountants

328 Chatsworth Avenue

Cosham

Portsmouth

Hampshire

PO6 2UP

FIXED ASSETS

Tangible assets

4

145,810

140,103

Investments

5

10,241

10,241

156,051

150,344

CURRENT ASSETS

Stocks

1,524,614

1,418,075

Debtors

6

2,834,438

2,696,291

Cash at bank and in hand

519,834

839,268

4,878,886

4,953,634

CREDITORS

Amounts falling due within one year

7

(1,582,981

)

(1,670,250

)

NET CURRENT ASSETS

3,295,905

3,283,384

TOTAL ASSETS LESS CURRENT LIABILITIES

3,451,956

3,433,728

CREDITORS

Amounts falling due after more than one year

8

(108,668

)

(94,390

)

PROVISIONS FOR LIABILITIES

(701

)

(2,764

)

NET ASSETS

3,342,587

3,336,574

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,342,487

3,336,474

SHAREHOLDERS' FUNDS

3,342,587

3,336,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 14 August 2026 and were signed on its behalf by:

Mr P M Clark - Director

1.	STATUTORY INFORMATION

European Exhaust & Catalyst 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.

The financial statements relate to European Exhaust & Catalyst Limited as an individual entity.

Turnover

Turnover represents the value of goods supplied, excluding value added tax. Turnover is recognised at the point of delivery which is also the date of the raising of the invoice.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

50% on cost and 25% - 33% straight line

Motor vehicles

-

Straight line over 3 years

Equipment

-

50% on cost, 25% straight line and Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value is determined by the estimated selling price in the ordinary course of business less any associated selling costs. Obsolete and slow moving items are calculated based on the usage of raw materials and demand for finished goods.

Financial instruments

Financial instruments are recognised in line with sections 11 and 12 of FRS102.

Basic financial instruments, such as bank and cash, loans,amounts due to/from group undertakings, trade receivables and payables are initially recognised at transaction price, unless they constitute a financing arrangement, when the transaction is measured at the present vale of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.

The interest element of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 75 (2024 - 70 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 December 2024

836,238

213,265

237,207

1,286,710

Additions

19,082

47,740

12,163

78,985

Disposals

-

(65,363

)

-

(65,363

)

At 30 November 2025

855,320

195,642

249,370

1,300,332

DEPRECIATION

At 1 December 2024

798,963

127,667

219,977

1,146,607

Charge for year

19,715

42,753

10,810

73,278

Eliminated on disposal

-

(65,363

)

-

(65,363

)

At 30 November 2025

818,678

105,057

230,787

1,154,522

NET BOOK VALUE

At 30 November 2025

36,642

90,585

18,583

145,810

At 30 November 2024

37,275

85,598

17,230

140,103

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

96,099

Additions

47,740

Transfer to ownership

13,583

At 30 November 2025

157,422

DEPRECIATION

At 1 December 2024

26,193

Charge for year

39,213

Transfer to ownership

2,264

At 30 November 2025

67,670

NET BOOK VALUE

At 30 November 2025

89,752

At 30 November 2024

69,906

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

10,241

NET BOOK VALUE

At 30 November 2025

10,241

At 30 November 2024

10,241

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

1,476,918

1,514,994

Amounts owed by participating interests

1,050,433

1,008,142

Other debtors

307,087

173,155

2,834,438

2,696,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts (see note 9)

5,242

10,364

Hire purchase contracts (see note 10)

33,824

37,861

Trade creditors

1,061,376

895,568

Amounts owed to participating interests

-

228,703

Social security and other taxes

54,762

41,260

VAT

-

13,583

Other creditors

89,925

107,624

Accruals and deferred income

337,852

335,287

1,582,981

1,670,250

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans (see note 9)

-

5,229

Hire purchase contracts (see note 10)

108,668

89,161

108,668

94,390

9.

LOANS

Bounceback Loan

The company has received a bounceback loan. This loan is unsecured, interest and repayment free for the first 12 months, followed by 60 repayments with an interest rate of 2.5%.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

33,824

37,861

Between one and five years

108,668

89,161

142,492

127,022

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

51,200

51,200

Between one and five years

132,266

89,600

183,466

140,800

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

142,492

127,022

At the year end the bank overdraft was secured by a debenture over the company's assets and a cross guarantee with other Companies under common control.

In addition, the Director provided a personal guarantee limited to the sum of £125,000 in respect of the company obligations to its bankers.

The Hire Purchase agreements are secured on the assets to which they relate.

12.	CONTINGENT LIABILITIES

The company has provided a cross guarantee to the company's bankers in respect of a company under common control . The guarantee is restricted to £100,000. At the year end the bank borrowings of that company amounted to £5,242 (2024:£15,593).