REGISTERED NUMBER: 02140047 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EUROPA INDUSTRIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Lyons

Mrs D Lyons

Mrs R Spencer

G J Spencer

SECRETARY:

S M Lyons

REGISTERED OFFICE:

Bollingbroke Road

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0WA

REGISTERED NUMBER:

02140047 (England and Wales)

ACCOUNTANTS:

D Flynn Associates Limited

Chartered Certified Accountants

and Business Advisors

23 Chantry Lane

Grimsby

N E Lincolnshire

DN31 2LP

FIXED ASSETS

621,799

Tangible assets

4

691,982

CURRENT ASSETS

143,303

Stocks

189,164

678,261

Debtors

5

725,011

10,400

Cash at bank

3,724

831,964

917,899

CREDITORS

1,069,290

Amounts falling due within one year

6

1,201,549

(237,326

)

NET CURRENT LIABILITIES

(283,650

)

384,473

TOTAL ASSETS LESS CURRENT LIABILITIES

408,332

CREDITORS

(40,834

)

Amounts falling due after more than one year

7

(91,174

)

(116,159

)

PROVISIONS FOR LIABILITIES

(124,392

)

227,480

NET ASSETS

192,766

CAPITAL AND RESERVES

210

Called up share capital

210

227,270

Retained earnings

192,556

227,480

192,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:

S M Lyons - Director

G J Spencer - Director

1.	STATUTORY INFORMATION

Europa Industries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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

-

25% on reducing balance and 10% on 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.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

998,761

Additions

139,517

Disposals

(14,459

)

At 31 March 2025

1,123,819

DEPRECIATION

At 1 April 2024

376,962

Charge for year

59,080

Eliminated on disposal

(4,205

)

At 31 March 2025

431,837

NET BOOK VALUE

At 31 March 2025

691,982

At 31 March 2024

621,799

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

36,000

Additions

125,930

Reclassification/transfer

(36,000

)

At 31 March 2025

125,930

DEPRECIATION

At 1 April 2024

11,331

Charge for year

5,153

Reclassification/transfer

(11,331

)

At 31 March 2025

5,153

NET BOOK VALUE

At 31 March 2025

120,777

At 31 March 2024

24,669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

647,304

627,882

Other debtors

77,707

50,379

725,011

678,261

Trade debtors are subject to an invoice discounting agreement.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

35,676

35,000

Hire purchase contracts

22,262

16,114

Trade creditors

604,378

555,979

Taxation and social security

64,398

146,698

Other creditors

474,835

315,499

1,201,549

1,069,290

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,834

40,834

Hire purchase contracts

85,340

-

91,174

40,834

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

-

16,114

The hire purchase creditors are secured against the assets to which they relate. The advances from invoice discounters are secured on the related debtors.

9.	OTHER FINANCIAL COMMITMENTS

At 31st March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £10,293 (2024 £28,023).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

S M Lyons

Balance outstanding at start of year

-

64,337

Amounts repaid

-

(64,337

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

G J Spencer

Balance outstanding at start of year

-

54,739

Amounts repaid

-

(54,739

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr Steve Lyons and Mr Gary Spencer who between them own 80% of the ordinary shares.