Europa Fastenings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03064302

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		38,977		15,356

			38,977		15,356
CURRENT ASSETS
Stocks	5	149,722		103,141
Debtors	6	285,867		329,519
Cash at bank and in hand		87,991		195,345

		523,580		628,005
Creditors: Amounts Falling Due Within One Year	7	(215,332 )		(197,698 )

NET CURRENT ASSETS (LIABILITIES)			308,248		430,307

TOTAL ASSETS LESS CURRENT LIABILITIES			347,225		445,663

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,647 )		(853 )

NET ASSETS			341,578		444,810

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			341,478		444,710

SHAREHOLDERS' FUNDS			341,578		444,810

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Europa Fastenings Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stephen Cowan

Director

11/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Europa Fastenings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03064302 . The registered office is Unit 9c Leaton Industrial Estate, Bomere Heath, Shrewsbury, SY4 3AP.

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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	10% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Europa Fastenings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 12)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 July 2024	35,434	11,700	71,596	118,730
Additions	22,435	-	5,250	27,685

As at 30 June 2025	57,869	11,700	76,846	146,415

Depreciation
As at 1 July 2024	28,362	11,080	63,932	103,374
Provided during the period	2,956	155	953	4,064

As at 30 June 2025	31,318	11,235	64,885	107,438

Net Book Value
As at 30 June 2025	26,551	465	11,961	38,977

As at 1 July 2024	7,072	620	7,664	15,356

5. Stocks

	2025	2024
	£	£
Stock	149,722	103,141

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	253,460	326,084
Prepayments and accrued income	2,261	3,435
Factored debts outstanding	30,146	-

	285,867	329,519

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Europa Fastenings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	173,921	102,692
Corporation tax	11,666	69,134
Other taxes and social security	9,695	7,925
VAT	12,494	14,222
Credit Card	3,243	-
Pension creditor	1,197	519
Accruals and deferred income	3,000	3,000
Directors' loan accounts	116	206

	215,332	197,698

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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