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REGISTERED NUMBER: 11429490 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2021 TO 31 DECEMBER 2022

FOR

PROALL UK LIMITED

PROALL UK LIMITED (REGISTERED NUMBER: 11429490)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 December 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROALL UK LIMITED

COMPANY INFORMATION
for the Period 1 December 2021 to 31 December 2022







DIRECTORS: J A Beck
S J Posner





REGISTERED OFFICE: The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FE





REGISTERED NUMBER: 11429490 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

PROALL UK LIMITED (REGISTERED NUMBER: 11429490)

BALANCE SHEET
31 December 2022

31.12.22 30.11.21
Notes £    £   
CURRENT ASSETS
Stocks 1,225,717 935,123
Debtors 4 49,208 3,739
Cash at bank 405,348 771,745
1,680,273 1,710,607
CREDITORS
Amounts falling due within one year 5 1,725,695 1,685,270
NET CURRENT (LIABILITIES)/ASSETS (45,422 ) 25,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,422

)

25,337

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (45,522 ) 25,237
SHAREHOLDERS' FUNDS (45,422 ) 25,337

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 29 September 2023 and were signed on its behalf by:





S J Posner - Director


PROALL UK LIMITED (REGISTERED NUMBER: 11429490)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 December 2021 to 31 December 2022

1. STATUTORY INFORMATION

ProAll 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 length of the reporting period has been extended. In light of this, please note the following:
- The financial statements cover the 13 month period between 1 December 2021 and 31 December 2022
- The extension of the accounting period was a direct result of the Company's takeover in the year by
Terex Corporation, in order to bring their accounting year in line with the rest of the group.
- The prior year figures are therefore not entirely comparable.

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 accounts have been prepared on the going concern basis in light of the fact that the parent company, ProAll International Manufacturing Inc., will continue to provide financial support to ProAll UK Limited for the foreseeable future and in any event for at least one year and one day from the date of the audit report.

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
Sales comprise the fair value of the consideration received or receivable for the products sold in the ordinary course of the Company's activities. Sales are presented net of VAT, rebates and discounts.

The company recognises revenue in accordance with the terms contained within a consignment agreement, under which recognition is based upon receipt of monies for the goods provided.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Goods,which are provided to customers under a consignment agreement, remain the property of the company and are therefore recorded as stock. All stock has been provided under a consignment agreement.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


PROALL UK LIMITED (REGISTERED NUMBER: 11429490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 December 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 30.11.21
£    £   
Other debtors 49,208 3,739

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 30.11.21
£    £   
Amounts owed to group undertakings 1,486,897 1,556,955
Taxation and social security 227,283 119,965
Other creditors & accruals 11,515 8,350
1,725,695 1,685,270

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 30.11.21
value: £    £   
100 Ordinary £1 100 100

PROALL UK LIMITED (REGISTERED NUMBER: 11429490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 December 2021 to 31 December 2022

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

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included
within the full financial statements:-

"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

8. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Terex Corporation, a company incorporated in Delaware, USA, with a registered office address at 45 Glover Avenue, 4th Floor, Norwalk, Connecticut, CT 06850, USA.

The ultimate parent company is the smallest group producing consolidated accounts incorporating ProAll UK Ltd. These can be found at www.sec.gov/edgar.