Euro-Agg Limited - Accounts to registrar (filleted) - small 18.2

Euro-Agg Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09859093 (England and Wales)















Euro-Agg Limited

Unaudited Financial Statements for the Year Ended 31 May 2018






Euro-Agg Limited (Registered number: 09859093)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Euro-Agg Limited

Company Information
for the Year Ended 31 May 2018







DIRECTORS: T Hergarty
G Moores





REGISTERED OFFICE: Wyvols Court Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 09859093 (England and Wales)






Euro-Agg Limited (Registered number: 09859093)

Balance Sheet
31 May 2018

31.5.18 31.5.17
Notes £ £
CURRENT ASSETS
Stocks 4 263,279 328,502
Debtors 5 654,908 675,513
Cash at bank 10,589 12,784
928,776 1,016,799
CREDITORS
Amounts falling due within one year 6 (935,904 ) (1,018,558 )
NET CURRENT LIABILITIES (7,128 ) (1,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,128 ) (1,759 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (7,129 ) (1,760 )
(7,128 ) (1,759 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 28 February 2019 and were signed on its behalf by:





T Hergarty - Director


Euro-Agg Limited (Registered number: 09859093)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Euro-Agg Limited is a private company, limited by shares and 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
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies
and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and
Republic of Ireland ("FRS 102") and the Companies Act 2006. The presentational and functional currency of these financial statements is
sterling. All amounts in the financial statements have been rounded to the nearest £1.

The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial
statements.

Going concern
The directors believe that notwithstanding net current liabilities of £7,128 and net liabilities of £7,128, the company's financial statements
should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors will be
adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.

Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned
subsidiaries within the group.

Turnover
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured.
Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other
sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of the ownership of the goods have passed to the buyer,
usually on dispatch of the goods and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the weighted average
principle and includes expenditure incurred in acquiring the stocks, production or conversion costs and other costs in bringing them to their
existing location and condition. In the case of manufactured stocks and work in progress, cost includes an appropriate share of overheads
based on normal operating capacity.

Basic financial instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are
recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised
cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing
transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments
discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of
impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying
amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount
and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.


Euro-Agg Limited (Registered number: 09859093)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

2. ACCOUNTING POLICIES - continued
Current and deferred taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in profit or loss except to the extent that it relates
to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other
comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively
enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because
certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or
smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or
substantively enacted at the balance sheet date.

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.

Foreign currencies
Transactions in foreign currencies are translated to the company's functional currency at the foreign exchange rate ruling at the date of the
transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to the functional
currency at the foreign exchange rate ruling at that date.

Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company
pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The
contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity
dividends are recognised when approved by the shareholders.

3. STAFF NUMBERS

The average number of employees during the year was 3 (2017 - 2 ) .

4. STOCKS
31.5.18 31.5.17
£ £
Finished goods 263,279 328,502

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£ £
Trade debtors 594,616 673,865
Amounts owed by group undertakings 60,215 -
Other debtors 77 -
Prepayments and accrued income - 1,648
654,908 675,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£ £
Bank loans and overdrafts 416,041 375,758
Trade creditors 394,278 430,492
Amounts owed to group undertakings 1,462 -
Corporation tax 15,298 804
Social security and other taxes 105,909 130,318
Other creditors 2,916 81,186
935,904 1,018,558

Included in other creditors are outstanding pension contributions of £216 (2017: £Nil).

On 10 October 2016 a fixed and floating charge was registered at Companies House between the company and RBS Invoice Finance Limited
over all property and undertakings.

Euro-Agg Limited (Registered number: 09859093)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

7. RELATED PARTY TRANSACTIONS

During the year the company made loans to directors of £226,861 (2017: £317,876) and received repayments of £147,439 (2017: £336,689).
As at 31 May 2018 directors were owed £1,764 (2017: £81,186) by Euro-Agg Limited. All balances attract a nil rate of interest and are
repayable on demand.

No consolidated financial statements are drawn up for any group of which the company is a member.