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REGISTERED NUMBER: 11212088 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2019

FOR

EURICOM UK LIMITED

EURICOM UK LIMITED (REGISTERED NUMBER: 11212088)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 JULY 2019 TO 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EURICOM UK LIMITED

COMPANY INFORMATION
for the Period 1 JULY 2019 TO 31 DECEMBER 2019







DIRECTORS: P Buscaglia
P D Lee





REGISTERED OFFICE: The Brands House
61 Kings Road
Halstead
Essex
CO9 1HA





REGISTERED NUMBER: 11212088 (England and Wales)





AUDITORS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

EURICOM UK LIMITED (REGISTERED NUMBER: 11212088)

BALANCE SHEET
31 DECEMBER 2019

2019 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 36,683 301
Cash at bank 13,985 918
50,668 1,219
CREDITORS
Amounts falling due within one year 5 46,571 219
NET CURRENT ASSETS 4,097 1,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,097

1,000

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 3,097 -
SHAREHOLDERS' FUNDS 4,097 1,000

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
11 April 2020 and were signed on its behalf by:





P D Lee - Director


EURICOM UK LIMITED (REGISTERED NUMBER: 11212088)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 JULY 2019 TO 31 DECEMBER 2019

1. STATUTORY INFORMATION

Euricom UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The current period represents a 6 month trading period from 1 July 2019 to 31 December
2019, whilst the comparatives presented in these financial statements represent financial
information for a full year but for which period the company remained dormant.

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

Financial instruments
Financial assets, financial liabilities and equity instruments are classified according to the
substance of the contractual arrangements entered into. An equity instrument is any contract
that evidences a residual interest in the assets of the entity after deducting all of its financial
liabilities.

Cash and cash equivalents are classified as basic financial instruments and comprise cash
in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in
accordance with the substance of the contractual arrangements entered into and the
definitions of a financial liability and an equity instrument. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of
its liabilities. Equity instruments issued by the company are recorded at the proceeds
received, net of any direct issue costs.

EURICOM UK LIMITED (REGISTERED NUMBER: 11212088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 JULY 2019 TO 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued

Going concern
The company has been profitable since commencing trading on 1 July 2019, had net current
assets and net assets at 31 December 2019 and has remained profitable in the period up to
the signing of these financial statements.

The directors have assessed the next twelve months as best they can given the current
situation with COVID-19. They have 'key worker' status for the its business as a key part of
the logistics chain for the supply of staple foods into UK supermarkets and fully expect, that
with the promised backing of the British Government for British businesses, the company will
remain a going concern and the directors, through the parent undertakings, will endeavour to
ensure that the company has sufficient working capital to meet its requirements for the
foreseeable future. The directors will continue to carefully monitor the situation and have
alternative plans in place should the need arise.

In light of the above, the directors have reviewed the going concern status of the business
for the foreseeable future to the best of their abilities and have concluded that they have a
reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. The company therefore continues to adopt the going
concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2019 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2019
£    £   
Trade debtors 33,600 -
Amounts owed by participating interests 2,954 -
VAT 129 -
Prepayments and accrued income - 301
36,683 301

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2019
£    £   
Trade creditors 45,842 -
Amounts owed to participating interests - 219
Corporation tax 729 -
46,571 219

EURICOM UK LIMITED (REGISTERED NUMBER: 11212088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 JULY 2019 TO 31 DECEMBER 2019

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2019
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Coombe FCA (Senior Statutory Auditor)
for and on behalf of Burnside

8. RELATED PARTY DISCLOSURES

During the period to 31 December 2019 the company made purchases totalling £46,573
(year to 30 June 2019 - £nil) from Euricom S.P.A., and at 31 December 2019 the company
owed £45,068 (30 June 2019 - £nil) to Euricom S.P.A., its parent undertaking. This balance
is presented within trade creditors.

During the period to 31 December 2019 the company incurred management charges
totalling £19,102 (year to 30 June 2019 - £nil) and received additional income contributions
totalling £34,612 (year to 30 June 2019 - £nil) and at 31 December 2019 was owed £2,954
by (30 June 2019 - owed £219 to) Brands Direct Limited, a company related through its
minority interest in the issued share capital of the company and as the party responsible for
the administrative affairs of the company. These balances are unsecured, interest free, and
are repayable on demand.

The controlling party is Euricom S.P.A..

Euricom S.P.A. prepares consolidated financial statements in which the financial statements
of the company are included. Euricom S.P.A. is a company registered in Italy, with its
registered office at Via Stazione 119, Valle Lomellina (PV), 27020, Pavia, Italy.