|
|
|
|
|
|
|
|
Europride Limited
|
|
|
|
|
|
Notes to the financial statements
|
|
|
for the year ended 31 January 2026
|
|
|
|
|
|
|
|
|
1
|
Company information
|
|
|
|
|
|
|
|
|
|
Europride Limited is a private company registered in England and Wales. Its registered number is 5013136. The company is limited by shares. Its registered office is 10-11 Greenland Place, London, England, NW1 0AP.
|
|
|
|
|
|
|
|
|
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 historic cost convention.
|
|
|
|
|
|
|
|
|
|
Presentation currency
|
|
|
|
The company’s financial statements are presented in sterling.
|
|
|
|
|
|
|
|
|
|
Going concern
|
|
|
|
The company entered into a Company Voluntary Arrangement (CVA) on 8 April 2025, with Ninos I Koumettou and Yiannis Koumettou of Begbies Traynor Group appointed as joint supervisors. The directors have a reasonable expectation that the company will continue to meet its obligations under the CVA for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis. However, the company’s ability to continue as a going concern is dependent on the successful completion of the CVA. This represents a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
|
|
|
|
|
|
|
|
|
|
Turnover
|
|
|
|
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
|
|
|
|
|
|
|
|
|
|
Tangible fixed assets
|
|
|
|
Depreciation is provided at the following annual rates in order to write off 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 etc.:
|
|
|
|
Fixtures & fittings
|
-
|
15% reducing balance
|
|
|
|
|
|
|
|
|
|
Stocks
|
|
|
|
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
|
|
|
|
|
|
|
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
|
|
|
|
|
|
|
|
|
3
|