Company Registration No. SC516433 (Scotland)
EUNIVA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
EUNIVA LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
EUNIVA LTD
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,362,312
1,364,372
Current assets
Debtors
4
436,299
594,866
Cash at bank and in hand
240,874
36,569
677,173
631,435
Creditors: amounts falling due within one year
Taxation and social security
28,270
16,223
Other creditors
127,607
126,139
155,877
142,362
Net current assets
521,296
489,073
Total assets less current liabilities
1,883,608
1,853,445
Creditors: amounts falling due after more than one year
Loans and overdrafts
5
1,745,094
1,766,986
(1,745,094)
(1,766,986)
Net assets
138,514
86,459
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
137,514
85,459
Total equity
138,514
86,459
EUNIVA LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2019
31 December 2019
2019
2018
Notes
£
£
£
£
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 September 2020
Mr F Moosavi
Director
Company Registration No. SC516433
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 3 -
1
Accounting policies
Company information
Euniva Ltd is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
4 Polwarth Gardens, Edinburgh, Scotland, EH11 1LW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
1.4
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 expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was: NIL.
2019
2018
Number
Number
Total
-
-
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2019 and 31 December 2019
1,358,225
8,241
1,366,466
Depreciation and impairment
At 1 January 2019
-
2,094
2,094
Depreciation charged in the year
-
2,060
2,060
At 31 December 2019
-
4,154
4,154
Carrying amount
At 31 December 2019
1,358,225
4,087
1,362,312
At 31 December 2018
1,358,225
6,147
1,364,372
4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
436,299
563,950
Other debtors
-
5,076
Prepayments and accrued income
-
25,840
436,299
594,866
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 5 -
5
Loans and overdrafts
2019
2018
£
£
Loans from group undertakings and related parties
872,547
872,546
Other loans
872,547
894,440
1,745,094
1,766,986
Payable after one year
1,745,094
1,766,986