Eurocave Importers Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

1. General Information

The company's principal activity during the year continued to be supply of equipment to store fine

wines and related accessories.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

the Company has transferred the significant risks and rewards of ownership to the buyer;

the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;

it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their

estimated useful lives, on a reducing balance basis.

The estimated useful lives range as follows:

Leasehold	over the lease term
Plant & Machinery	over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount

and are recognised in profit or loss.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less

costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in

progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount

is reduced to its selling price less costs to complete and sell. The impairment loss is recognised

immediately in profit or loss.

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Eurocave Importers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Foreign Currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as

qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

3. Average Number of Employees

The average monthly number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2025	16,480	8,588	25,068

As at 31 December 2025	16,480	8,588	25,068

Depreciation
As at 1 January 2025	4,944	3,061	8,005
Provided during the period	-	1,013	1,013

As at 31 December 2025	4,944	4,074	9,018

Net Book Value
As at 31 December 2025	11,536	4,514	16,050

As at 1 January 2025	11,536	5,527	17,063

5. Stocks

	2025	2024
	£	£
Stock	235,399	202,645

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Eurocave Importers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	48,111	44,317
Prepayments and accrued income	37,917	39,640
Other debtors	4,780	5,144
Amounts owed by group undertakings	338,656	284,509

	429,464	373,610

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	35,024	87,484
Other taxes and social security	63,211	53,163
Other creditors	258,352	142,221
Accruals and deferred income	69,037	68,520

	425,624	351,388

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3,956	3,956

9. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. Audit Information

The auditor's report on the accounts of Eurocave Importers Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Murray Ian Luke (Senior Statutory Auditor) for and on behalf of Accounting People Ltd , Statutory Auditor.

Accounting People Ltd

Devonshire House

582 Honeypot Lane

Stanmore

Middlesex

HA7 1JS

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,050		17,063

			16,050		17,063
CURRENT ASSETS
Stocks	5	235,399		202,645
Debtors	6	429,464		373,610
Cash at bank and in hand		81,530		93,991

		746,393		670,246
Creditors: Amounts Falling Due Within One Year	7	(425,624 )		(351,388 )

NET CURRENT ASSETS (LIABILITIES)			320,769		318,858

TOTAL ASSETS LESS CURRENT LIABILITIES			336,819		335,921

NET ASSETS			336,819		335,921

CAPITAL AND RESERVES
Called up share capital	8		3,956		3,956
Share premium account			6,269		6,269
Income Statement			326,594		325,696

SHAREHOLDERS' FUNDS			336,819		335,921