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)















Unaudited Financial Statements for the Year Ended 31 May 2020

for

Euro-Agg Limited

Euro-Agg Limited (Registered number: 09859093)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Euro-Agg Limited

Company Information
for the Year Ended 31 May 2020







DIRECTORS: T J M Hegarty
G Moores





REGISTERED OFFICE: Brightwell Grange
Britwell Road
Burnham
Bucks
SL1 8DF





REGISTERED NUMBER: 09859093 (England and Wales)






Euro-Agg Limited (Registered number: 09859093)

Balance Sheet
31 May 2020

31.5.20 31.5.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,106 3,096

CURRENT ASSETS
Stocks 333,394 392,016
Debtors 5 735,486 854,220
Cash at bank 168,270 64,844
1,237,150 1,311,080
CREDITORS
Amounts falling due within one year 6 1,264,867 1,221,584
NET CURRENT (LIABILITIES)/ASSETS (27,717 ) 89,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,611

)

92,592

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (11,612 ) 92,591
(11,611 ) 92,592

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 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 Board of Directors and authorised for issue on 6 January 2021 and were signed on its behalf by:





T J M Hegarty - Director


Euro-Agg Limited (Registered number: 09859093)

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

1. STATUTORY INFORMATION

Euro-Agg 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 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
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern
The company is owned by Euro Agg (Holdings) Limited and they have undertaken to provide financial support for a period of at least 12 months from the date of approval of these financial statements. The directors have considered future strategy, cash requirement and the financial commitment and as a result consider it appropriate to prepare the financial statements on a going concern basis.

Euro-Agg Limited (Registered number: 09859093)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2019 3,870
Additions 17,230
At 31 May 2020 21,100
DEPRECIATION
At 1 June 2019 774
Charge for year 4,220
At 31 May 2020 4,994
NET BOOK VALUE
At 31 May 2020 16,106
At 31 May 2019 3,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.20 31.5.19
£    £   
Trade debtors 644,425 787,527
Amounts owed by group undertakings 68,531 64,553
Other debtors 22,530 2,140
735,486 854,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.20 31.5.19
£    £   
Bank loans and overdrafts 466,535 418,984
Trade creditors 550,878 455,762
Amounts owed to group undertakings 138,919 -
Taxation and social security 100,331 141,647
Other creditors 8,204 205,191
1,264,867 1,221,584

Euro-Agg Limited (Registered number: 09859093)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.20 31.5.19
£    £   
Bank loans 466,535 418,984

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