Euro Lifecare Ltd - Accounts to registrar (filleted) - small 18.2

Euro Lifecare Ltd - Accounts to registrar (filleted) - small 18.2

EURO LIFECARE LTD - Company Information

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REGISTERED NUMBER: 04351875 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Euro Lifecare Ltd
Euro Lifecare Ltd (Registered number: 04351875)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Euro Lifecare Ltd

Company Information
for the Year Ended 31 December 2020







DIRECTOR: A Nigam





REGISTERED OFFICE: 1st Floor
26 Fouberts Place
London
W1F 7PP





REGISTERED NUMBER: 04351875 (England and Wales)





Page 1
Euro Lifecare Ltd (Registered number: 04351875)

Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes $    $    $    $   
FIXED ASSETS
Intangible assets 4 47,439 36,683
Property, plant and equipment 5 - -
Investments 6 326,000 326,000
373,439 362,683

CURRENT ASSETS
Debtors 7 2,892,251 1,084,453
Cash at bank 282,802 192,690
3,175,053 1,277,143
CREDITORS
Amounts falling due within one year 8 3,245,218 1,430,786
NET CURRENT LIABILITIES (70,165 ) (153,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
303,274
209,040

CAPITAL AND RESERVES
Called up share capital 7,200 7,200
Retained earnings 296,074 201,840
303,274 209,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

Page 2 continued...
Euro Lifecare Ltd (Registered number: 04351875)

Balance Sheet - continued
31 December 2020


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 director and authorised for issue on 15 March 2022 and were signed by:





A Nigam - Director


The notes form part of these financial statements

Page 3
Euro Lifecare Ltd (Registered number: 04351875)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Euro Lifecare Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment
losses.

Patents and licences cost is being amortised evenly over its estimated useful life of five years.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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 2 (2019 - 2 ) .

Page 4 continued...
Euro Lifecare Ltd (Registered number: 04351875)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
$   
COST
At 1 January 2020 110,536
Additions 22,615
At 31 December 2020 133,151
AMORTISATION
At 1 January 2020 73,853
Charge for year 11,859
At 31 December 2020 85,712
NET BOOK VALUE
At 31 December 2020 47,439
At 31 December 2019 36,683

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
$   
COST
At 1 January 2020
and 31 December 2020 5,784
DEPRECIATION
At 1 January 2020
and 31 December 2020 5,784
NET BOOK VALUE
At 31 December 2020 -

6. FIXED ASSET INVESTMENTS
Other
investment
$   
COST
At 1 January 2020
and 31 December 2020 326,000
NET BOOK VALUE
At 31 December 2020 326,000
At 31 December 2019 326,000

Page 5 continued...
Euro Lifecare Ltd (Registered number: 04351875)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
$    $   
Trade debtors 2,866,767 1,083,772
Other debtors 25,484 681
2,892,251 1,084,453

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
$    $   
Trade creditors 721,853 1
Taxation and social security 75,192 50,798
Other creditors 2,448,173 1,379,987
3,245,218 1,430,786

9. ULTIMATE CONTROLLING PARTY

During the year, the company was controlled by A Nigam, company director.

Page 6