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REGISTERED NUMBER: 07886319 (England and Wales)












Audited Financial Statements

for the Year Ended 31 March 2023

for

Ciur (Uk) Limited

Ciur (Uk) Limited (Registered number: 07886319)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ciur (Uk) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Urbanek
Mrs K Richards





REGISTERED OFFICE: Office 6
Aberdare Enterprise Centre
Aberaman
Aberdare
RCT
CF44 6DA





REGISTERED NUMBER: 07886319 (England and Wales)





AUDITORS: Baker Knoyle Audit Ltd
Chartered Certified Accountants
Orbit Business Centre
Rhydycar Business Park
Merthyr Tydfil
CF48 IDL

Ciur (Uk) Limited (Registered number: 07886319)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,677 1,468

CURRENT ASSETS
Stocks 5 253,748 226,924
Debtors 6 813,873 1,061,278
Cash at bank and in hand 438,097 362,882
1,505,718 1,651,084
CREDITORS
Amounts falling due within one year 7 901,636 973,249
NET CURRENT ASSETS 604,082 677,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,759

679,303

PROVISIONS FOR LIABILITIES - 557
NET ASSETS 605,759 678,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 605,659 678,646
SHAREHOLDERS' FUNDS 605,759 678,746

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 31 July 2023 and were signed on its behalf by:





Mrs K Richards - Director


Ciur (Uk) Limited (Registered number: 07886319)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ciur (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.

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.

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

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 - 10% on cost
Fixtures and fittings - 33% on cost and 20% on cost

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

Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation. A net deferred tax asset is recognised only if it can be regarded as more likely than not there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted, Deferred tax assets and liabilities are calculated at tax rates expected to be effective at the time the differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

Foreign currencies
Monetary 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Ciur (Uk) Limited (Registered number: 07886319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 16,521 8,037 24,558
Additions 1,175 - 1,175
Disposals (661 ) - (661 )
At 31 March 2023 17,035 8,037 25,072
DEPRECIATION
At 1 April 2022 15,053 8,037 23,090
Charge for year 966 - 966
Eliminated on disposal (661 ) - (661 )
At 31 March 2023 15,358 8,037 23,395
NET BOOK VALUE
At 31 March 2023 1,677 - 1,677
At 31 March 2022 1,468 - 1,468

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 253,748 226,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 804,166 1,051,058
Prepayments 9,707 10,220
813,873 1,061,278

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 71,439 53,303
Amounts owed to group
undertakings 635,000 667,748
Social security and other taxes 183,065 238,255
Accrued expenses 12,132 13,943
901,636 973,249

Ciur (Uk) Limited (Registered number: 07886319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 10,652 14,062
Between one and five years 1,214 11,866
11,866 25,928

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

The Report of the Auditors was unqualified.

Richard Phillips FCCA (Senior Statutory Auditor)
for and on behalf of Baker Knoyle Audit Ltd

10. RELATED PARTY DISCLOSURES

As at 31 March 2023 the company owed £635,000 (2022 £667,748) to the parent company CIUR A.S.

11. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company during the current and previous years was CIUR A.S., a company registered in Czech Republic which owns 100% of the issued share capital.

Consolidated financial statements are available from CIUR A.S., Male namesti 142/3, 110 00 Prague 1, Czech Republic.

The ultimate controlling party was M Urbanek by way of his controlling interest in the ultimate parent company.