Company registration number SC516433 (Scotland)
EUNIVA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
EUNIVA LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
EUNIVA LTD
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,361,281
1,361,031
Current assets
Debtors
5
92,149
854,855
Cash at bank and in hand
670,759
762,908
854,855
Creditors: amounts falling due within one year
Loans and overdrafts
6
41,848
Taxation and social security
31,004
Other creditors
7
158,258
157,139
158,258
229,991
Net current assets
604,650
624,864
Total assets less current liabilities
1,965,931
1,985,895
Creditors: amounts falling due after more than one year
Loans and overdrafts
6
1,745,291
1,747,085
(1,745,291)
(1,747,085)
Net assets
220,640
238,810
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
219,640
237,810
Total equity
220,640
238,810
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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.
EUNIVA LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2021
31 December 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 December 2022 and are signed on its behalf by:
Mr N Robertson
Director
Company Registration No. SC516433
EUNIVA LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2020
1,000
137,514
138,514
Year ended 31 December 2020:
Profit and total comprehensive income for the year
-
104,296
104,296
Dividends
-
(4,000)
(4,000)
Balance at 31 December 2020
1,000
237,810
238,810
Year ended 31 December 2021:
Loss and total comprehensive income for the year
-
(14,170)
(14,170)
Dividends
-
(4,000)
(4,000)
Balance at 31 December 2021
1,000
219,640
220,640
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 4 -
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
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 5 -
1.7
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.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was: NIL.
2021
2020
Number
Number
Total
3
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2021
1,358,225
8,981
1,367,206
Additions
3,241
3,241
Disposals
(1,778)
(1,778)
At 31 December 2021
1,358,225
10,444
1,368,669
Depreciation and impairment
At 1 January 2021
6,175
6,175
Depreciation charged in the year
2,103
2,103
Eliminated in respect of disposals
(890)
(890)
At 31 December 2021
7,388
7,388
Carrying amount
At 31 December 2021
1,358,225
3,056
1,361,281
At 31 December 2020
1,358,225
2,806
1,361,031
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
853,229
Corporation tax recoverable
2,792
Other debtors
1,451
1,626
Prepayments and accrued income
87,906
92,149
854,855
6
Loans and overdrafts
2021
2020
£
£
Bank overdrafts
41,848
Loans from group undertakings and related parties
874,685
874,685
Other loans
870,606
872,400
1,745,291
1,788,933
Payable within one year
41,848
Payable after one year
1,745,291
1,747,085
EUNIVA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
6
Loans and overdrafts
(Continued)
- 7 -
7
Other creditors falling due within one year
2021
2020
£
£
Trade creditors
101,707
85,735
Other creditors
53,651
69,504
Accruals and deferred income
2,900
1,900
158,258
157,139