General Information
Eurotube Leasing Limited is a private company, limited by shares, registered in UK, registration number 06963703, registration address Suite 156, 720 Centennial Ave, Elstree, WD6 3SY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25 Reducing Balance
|
| Fixtures and Fittings |
3 Straight Line
|
| Computer Equipment |
25 Reducing Balance
|
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees Average number of employees during the period was 1 (2024 : 4). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 November 2024 |
299,185 |
|
275 |
|
2,225 |
|
- |
|
301,685 |
| Additions |
- |
|
- |
|
- |
|
769 |
|
769 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 October 2025 |
299,185 |
|
275 |
|
2,225 |
|
769 |
|
302,454 |
| Depreciation |
| At 01 November 2024 |
212,503 |
|
115 |
|
925 |
|
- |
|
213,543 |
| Charge for year |
24,461 |
|
91 |
|
325 |
|
- |
|
24,877 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 October 2025 |
236,964 |
|
206 |
|
1,250 |
|
- |
|
238,420 |
| Net book values |
| Closing balance as at 31 October 2025 |
62,221 |
|
69 |
|
975 |
|
769 |
|
64,034 |
| Opening balance as at 01 November 2024 |
86,682 |
|
160 |
|
1,300 |
|
769 |
|
88,911 |
|
| 4. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
300 |
|
300 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 October 2025 |
300 |
|
300 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
20,267 |
|
44,422 |
|
20,267 |
|
44,422 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
10,728 |
|
10,728 |
| Obligations under HP/Financial Leases |
4,068 |
|
4,068 |
| Other Creditors |
47,432 |
|
52,856 |
|
62,228 |
|
67,652 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
24,333 |
|
27,872 |
| Obligations under HP/Financial Leases |
0 |
|
9,763 |
| Other Creditors |
18,478 |
|
18,478 |
|
42,811 |
|
56,113 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
12,166 |
|
8,392 |
| Charged to Profit & Loss |
1,798 |
|
1,798 |
|
13,964 |
|
10,190 |
|
3
|