Eurotest Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04133354

EUROTEST LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

EUROTEST LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		85,501		96,058

CURRENT ASSETS

Debtors	6	94,342	115,596
Cash at bank and in hand		9,427	36,968
		---------	---------
		103,769	152,564

CREDITORS: amounts falling due within one year	7	93,383		107,534
		---------		---------
NET CURRENT ASSETS			10,386		45,030
			--------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			95,887		141,088

CREDITORS: amounts falling due after more than one year	8		57,504		69,555

PROVISIONS	21,376	24,015
	--------	---------
NET ASSETS	17,007	47,518
	--------	---------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	16,007	46,518
	--------	--------
SHAREHOLDERS FUNDS	17,007	47,518
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

EUROTEST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 4 November 2026 , and are signed on behalf of the board by:

Mr A M Titcomb

Director

Company registration number: 04133354

EUROTEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Studio, Benefield Road, Brigstock, Kettering, Northamptonshire, NN14 3ES.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Fixtures and fittings	-	10% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 11 (2025: 12 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	60,218	3,784	115,799	14,996	194,797
Additions	9,231	–	8,000	1,342	18,573
	--------	-------	---------	--------	---------
At 31 March 2026	69,449	3,784	123,799	16,338	213,370
	--------	-------	---------	--------	---------
Depreciation
At 1 April 2025	40,045	2,438	44,836	11,420	98,739
Charge for the year	2,955	144	24,802	1,229	29,130
	--------	-------	---------	--------	---------
At 31 March 2026	43,000	2,582	69,638	12,649	127,869
	--------	-------	---------	--------	---------
Carrying amount
At 31 March 2026	26,449	1,202	54,161	3,689	85,501
	--------	-------	---------	--------	---------
At 31 March 2025	20,173	1,346	70,963	3,576	96,058
	--------	-------	---------	--------	---------

6. DEBTORS

	2026	2025
	£	£
Trade debtors	86,215	108,644
Other debtors	8,127	6,952
	--------	---------
	94,342	115,596
	--------	---------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	4,500	–
Trade creditors	17,212	27,524
Corporation tax	13,821	24,586
Social security and other taxes	36,280	31,959
Other creditors	21,570	23,465
	--------	---------
	93,383	107,534
	--------	---------

Included within other creditors are amounts totalling £16,838 (2025 - £18,047) relating to hire purchase and finance lease agreements which are secured by the company.

8. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	4,500	–
Other creditors	53,004	69,555
	--------	--------
	57,504	69,555
	--------	--------

Included within other creditors are amounts totalling £53,004 (2025 - £69,555) relating to hire purchase and finance lease agreements which are secured by the company.

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	5,944	5,944
Later than 1 year and not later than 5 years	2,130	8,074
	-------	--------
	8,074	14,018
	-------	--------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A M Titcomb	( 843)	3,857	( 312)	2,702
	----	-------	----	-------

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A M Titcomb	–	–	–	–
	----	----	----	----

The loans were fully repaid within 9 months of the year-end.