The European Shoe Machinery Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03159789

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,712		1,834
Tangible Assets	5		95,566		1,108,690

			97,278		1,110,524
CURRENT ASSETS
Stocks	6	273,144		308,443
Debtors	7	440,997		174,858
Cash at bank and in hand		403,343		799,080

		1,117,484		1,282,381
Creditors: Amounts Falling Due Within One Year	8	(211,645 )		(211,884 )

NET CURRENT ASSETS (LIABILITIES)			905,839		1,070,497

TOTAL ASSETS LESS CURRENT LIABILITIES			1,003,117		2,181,021

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,777 )		(112,071 )

NET ASSETS			985,340		2,068,950

CAPITAL AND RESERVES
Called up share capital	9		1,020		1,020
Profit and Loss Account			984,320		2,067,930

SHAREHOLDERS' FUNDS			985,340		2,068,950

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The European Shoe Machinery Company Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R Petrozzi

Director

9th June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The European Shoe Machinery Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03159789 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Leasehold	straight line over the life of the lease
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Stocks and Work in Progress

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

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.

The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 31 January 2026.

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.

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The European Shoe Machinery Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

Average number of employees, excluding directors, during the year was: 8 (2025: 10)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	2,444

As at 31 January 2026	2,444

Amortisation
As at 1 February 2025	610
Provided during the period	122

As at 31 January 2026	732

Net Book Value
As at 31 January 2026	1,712

As at 1 February 2025	1,834

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 February 2025	1,024,726	30,362	544,074	61,795
Additions	-	-	6,000	29,173
Disposals	(1,024,726 )	-	-	-

As at 31 January 2026	-	30,362	550,074	90,968

Depreciation
As at 1 February 2025	-	30,362	490,246	40,238
Provided during the period	-	-	12,316	9,643

As at 31 January 2026	-	30,362	502,562	49,881

Net Book Value
As at 31 January 2026	-	-	47,512	41,087

As at 1 February 2025	1,024,726	-	53,828	21,557

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The European Shoe Machinery Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 February 2025	11,439	1,672,396
Additions	710	35,883
Disposals	-	(1,024,726 )

As at 31 January 2026	12,149	683,553

Depreciation
As at 1 February 2025	2,860	563,706
Provided during the period	2,322	24,281

As at 31 January 2026	5,182	587,987

Net Book Value
As at 31 January 2026	6,967	95,566

As at 1 February 2025	8,579	1,108,690

6. Stocks

	2026	2025
	£	£
Stock	273,144	308,443

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	195,654	104,400
Prepayments and accrued income	17,844	17,958
Directors' loan accounts	-	52,500
Amounts owed by group undertakings	227,499	-

	440,997	174,858

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	85,608	134,153
Corporation tax	76,185	30,814
Other taxes and social security	3,954	10,346
VAT	40,228	30,841
Accruals and deferred income	5,670	5,730

	211,645	211,884

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The European Shoe Machinery Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,020	1,020

10. Ultimate Controlling Party

The company's ultimate controlling party is Morado Holdings Limited with 100% of the issued share capital in the company.

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