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REGISTERED NUMBER: 02776089 (England and Wales)











Financial Statements

for the Year Ended 31 December 2021

for

TenCate Geosynthetics (U.K.) Limited

TenCate Geosynthetics (U.K.) Limited (Registered number: 02776089)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TenCate Geosynthetics (U.K.) Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J W Heezen
A R Timmerman



SECRETARY: Mrs C H Watkins



REGISTERED OFFICE: 39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST



BUSINESS ADDRESS: PO Box 773
Telford
Shropshire
TF7 9FE



REGISTERED NUMBER: 02776089 (England and Wales)



AUDITORS: Crowther Jordan Limited
Chartered Accountants
Statutory Auditors
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST



BANKERS: HSBC
60 Queen Victoria Street
London
EC4N 4TR

TenCate Geosynthetics (U.K.) Limited (Registered number: 02776089)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
CURRENT ASSETS
Debtors 5 299,504 238,947
Cash at bank 11,368 19,877
310,872 258,824
CREDITORS
Amounts falling due within one year 6 (58,320 ) (75,858 )
NET CURRENT ASSETS 252,552 182,966
TOTAL ASSETS LESS CURRENT LIABILITIES 252,552 182,966

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 202,552 132,966
SHAREHOLDERS' FUNDS 252,552 182,966

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 June 2022 and were signed on its behalf by:





A R Timmerman - Director


TenCate Geosynthetics (U.K.) Limited (Registered number: 02776089)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

TenCate Geosynthetics (U.K.) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents commissions earned, amounts chargeable in respect of goods supplied and recharges to the company's parent. All turnover is excluding Value Added Tax. Turnover from commissions is recognised when the parent company raises the sales invoices on which the commission is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TenCate Geosynthetics (U.K.) Limited (Registered number: 02776089)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

It is the policy of the company to contribute to a grouped personal pension plan for selected employees. The assets of the plan are held separately from those of the company. The premiums payable are charged to the profit and loss account. Differences between contributions payable in the year and contributions actually paid are shown within other debtors or other creditors in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 10,169
DEPRECIATION
At 1 January 2021
and 31 December 2021 10,169
NET BOOK VALUE
At 31 December 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed by group undertakings 294,533 231,289
Other debtors 4,971 7,658
299,504 238,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 13,391 14,675
Taxation and social security 21,688 12,923
Other creditors 23,241 48,260
58,320 75,858

TenCate Geosynthetics (U.K.) Limited (Registered number: 02776089)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Between one and five years 28,290 17,054

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
50,000 Ordinary Shares £1 50,000 50,000

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

The Report of the Auditors was unqualified.

Stephen Gray (Senior Statutory Auditor)
for and on behalf of Crowther Jordan Limited

10. PARENT AND ULTIMATE PARENT

The company is a 100% subsidiary of Tencate Geosynthetics Austria Gesm.b.H whose registered office is located at Schachermayerstr. 18, 4021 Linz, Austria.

The largest group in which the results of the company are consolidated is that headed by Groupe Solmax Inc, incorporated in Canada.