Eurotool Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07109253 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Eurotool Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P Whitta

REGISTERED OFFICE:

Unit 9

Birchalls Trading Estate

Emery Road, Brislington

Bristol

BS4 5PF

REGISTERED NUMBER:

07109253 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

City of Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

5,293

3,906

CURRENT ASSETS

Stocks

17,236

27,106

Debtors

5

42,951

28,623

Cash at bank

81,907

60,025

142,094

115,754

CREDITORS

Amounts falling due within one year

6

71,285

69,323

NET CURRENT ASSETS

70,809

46,431

TOTAL ASSETS LESS CURRENT LIABILITIES

76,102

50,337

PROVISIONS FOR LIABILITIES

1,006

705

NET ASSETS

75,096

49,632

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

75,094

49,630

SHAREHOLDERS' FUNDS

75,096

49,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 8 April 2019 and were signed by:

C P Whitta - Director

1.	STATUTORY INFORMATION

Eurotool 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2018

1,167

4,000

1,188

6,355

Additions

1,504

-

1,341

2,845

At 31 December 2018

2,671

4,000

2,529

9,200

DEPRECIATION

At 1 January 2018

149

1,944

356

2,449

Charge for year

606

514

338

1,458

At 31 December 2018

755

2,458

694

3,907

NET BOOK VALUE

At 31 December 2018

1,916

1,542

1,835

5,293

At 31 December 2017

1,018

2,056

832

3,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

38,511

23,803

Other debtors

-

500

Prepayments

4,440

4,320

42,951

28,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

26,104

20,376

Tax

10,303

13,642

VAT

8,501

9,282

Directors' current accounts

18,000

-

Directors' loan accounts

6,330

24,018

Accrued expenses

2,047

2,005

71,285

69,323

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

2

Ordinary

£1

2

2