E.U. LIMITED

1. E.U. LIMITED 1987-02-05 → present
2. SKOMERGLEN LIMITED 1982-02-24 → 1987-02-05

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Sexty & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. E.U. LIMITED · parent
   1. Linco plc 100% · Wholesale of motor vehicle components
   2. PPK Factors Limited 100% · Retail trade of motor vehicle parts

Significant events

• “The Group has had a strong increase in turnover over the past year partly due to new branches opening and a modest increase in sales in real terms, rather than due to inflation. However, due to the uncertainty of the new labour government customers were watching the pennies, which meant keeping their car for longer and getting it serviced and repaired at independent garages, who are our customers, rather than main dealers. The current financial year has been hit in April with massive increases in the living wage and employers NI increases, which will affect the bottom line in the current year. To offset some of these costs, the directors have been working hard to increase margins, through better buying, increase cost management and controls.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.9%

  £20,130,742 → £22,118,324

• Cash

  +8.3%

  £2,408 → £2,608

• Net assets

  +10%

  £8,364,893 → £9,200,221

• Employees

  +6.6%

  183 → 195

• Operating profit

  -17.1%

  £1,413,527 → £1,172,328

• Profit before tax

  -17.1%

  £1,413,527 → £1,172,328

• Wages

  +16.6%

  £4,417,760 → £5,151,277

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers