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Euro Sales and Developments Ltd |
Registered Number:03158952 |
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
Euro Sales and Developments Ltd
Statement of Financial Position
2020
2021
Property, plant and equipment |
832,098
506,856
2
832,098
506,856
5,672
Cash and cash equivalents |
4,266
4,266
5,672
Trade and other payables: amounts falling due within one |
year |
(86,296)
(399,150)
3
(80,624)
(394,884)
Net current liabilities
Total assets less current liabilities |
437,214
426,232
Trade and other payables: amounts falling due after more |
than one year |
(181,539)
(181,539)
4
255,675
Net assets
244,693
100
100
255,575
244,593
255,675
244,693
Shareholders' funds
For the year ended 31 March 2021 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Stephen Paul Williams Director |
These financial statements were approved and authorised for issue by the Board on 06 April 2021 and were signed by: |
The notes form part of these financial statements |
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3
For the year ended 31 March 2021
Euro Sales and Developments Ltd
Notes to the Financial Statements
Statutory Information
Euro Sales and Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03158952. |
Principal place of business: |
Flat 19 Berkeley Court
1 - 9 Wilmington Square
Eastbourne
BN21 4DX
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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4
For the year ended 31 March 2021
Euro Sales and Developments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
512,339
5,747
506,592
325,330
-
325,330
831,922
5,747
837,669
Provision for depreciation and impairment |
5,483
5,483
-
Charge for year
88
88
-
5,571
5,571
-
831,922
176
832,098
506,592
264
506,856
3. Trade and other payables: amounts falling due within one year |
2020
2021
Taxation and social security |
4,380
4,181
394,770
82,115
399,150
86,296
4. Trade and other payables: amounts falling due after more than one year |
2020
2021
Bank loans and overdraft (secured) |
181,539
181,539
5. Average number of persons employed |
During the year the average number of employees was 2 (2020 : 2)
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