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REGISTERED NUMBER: 04436927 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2022

for

Sinclair Animal and Household Care Ltd

Sinclair Animal and Household Care Ltd (Registered number: 04436927)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sinclair Animal and Household Care Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: D Aa
J H L Aa





SECRETARY: L Wallhead





REGISTERED OFFICE: Ropery Road
Gainsborough
Lincolnshire
DN21 2QB





REGISTERED NUMBER: 04436927 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Sinclair Animal and Household Care Ltd (Registered number: 04436927)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,227,777 2,204,734

CURRENT ASSETS
Stocks 5 961,304 852,906
Debtors 6 1,788,887 1,895,958
Cash at bank 53,355 18,398
2,803,546 2,767,262
CREDITORS
Amounts falling due within one year 7 406,520 555,498
NET CURRENT ASSETS 2,397,026 2,211,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,624,803

4,416,498

PROVISIONS FOR LIABILITIES 56,810 39,660
NET ASSETS 4,567,993 4,376,838

CAPITAL AND RESERVES
Called up share capital 9 435,523 435,523
Revaluation reserve 10 803,331 803,331
Retained earnings 3,329,139 3,137,984
SHAREHOLDERS' FUNDS 4,567,993 4,376,838

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 4 May 2023 and were signed on its behalf by:




D Aa - Director



J H L Aa - Director


Sinclair Animal and Household Care Ltd (Registered number: 04436927)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Sinclair Animal and Household Care Ltd 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 as modified by the revaluation of certain assets.

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
Revenue is recognised at the fair value of the consideration received or receivable for goods supplied, net of returns, discounts and rebates and value added taxes.

The company recognises the revenue when:

a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the company retains no continuing involvement or control over the goods;
c) the amount of revenue can be measured reliably; and
d) it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 2% on cost
Plant and machinery - 20% on cost

Freehold property is subject to periodic revaluation.

When an asset is revalued, any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset. The net amount is then restated to the revalued amount of the asset. Revaluations are recognised in the revaluation reserve as undistributable reserves.

Increases in carrying amounts arising from revaluation are recognised in the asset revaluation reserve, unless they offset previous decreases in the carrying amounts of the same asset, in which case, they are recognised in profit or loss.

Decreases in carrying amounts that offset previous increases of the same asset are recognised against the asset revaluation reserve. All other decreases in carrying amounts are recognised as a loss in the statement of comprehensive income.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.

Sinclair Animal and Household Care Ltd (Registered number: 04436927)

Notes to the Financial Statements - continued
for the Year Ended 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 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.

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 48 (2021 - 55 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and
Buildings machinery Totals
£    £    £   
COST OR VALUATION
At 1 January 2022 1,987,260 1,825,487 3,812,747
Additions 29,230 76,192 105,422
Disposals - (492,629 ) (492,629 )
At 31 December 2022 2,016,490 1,409,050 3,425,540
DEPRECIATION
At 1 January 2022 32,132 1,575,881 1,608,013
Charge for year 35,285 47,094 82,379
Eliminated on disposal - (492,629 ) (492,629 )
At 31 December 2022 67,417 1,130,346 1,197,763
NET BOOK VALUE
At 31 December 2022 1,949,073 278,704 2,227,777
At 31 December 2021 1,955,128 249,606 2,204,734

Included in cost or valuation of land and buildings is freehold land of £ 427,500 (2021 - £ 427,500 ) which is not depreciated.

Sinclair Animal and Household Care Ltd (Registered number: 04436927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2022 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 962,133 - 962,133
Valuation in 2011 (496,981 ) - (496,981 )
Valuation in 2016 (267,000 ) - (267,000 )
Valuation in 2020 131,787 - 131,787
Cost 1,686,551 1,409,050 3,095,601
2,016,490 1,409,050 3,425,540

Freehold property was revalued at its market value on the special assumption of a restricted marketing period of 3 months on 23 November 2020, by Colliers International Valuation UK LLP.

5. STOCKS
2022 2021
£    £   
Raw materials 751,052 710,239
Work-in-progress 159,426 105,150
Finished goods 50,826 37,517
961,304 852,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 1,655,967 1,869,197
Other debtors 132,920 26,761
1,788,887 1,895,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 215,090 276,797
Taxation and social security 50,343 192,216
Other creditors 141,087 86,485
406,520 555,498

8. SECURED DEBTS

The property held at the year end of £1,949,073 is held as a security in the way of a fixed and floating charge in relation to a loan taken out with Cooperatiive Rabobank U.A. by the ultimate controlling party, Beaphar B.V, this charge was issued on 7 April 2021.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
435,523 Ordinary £1 435,523 435,523

Sinclair Animal and Household Care Ltd (Registered number: 04436927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 803,331

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

The Report of the Auditors was unqualified.

Peter Harrison BTech FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

12. CAPITAL COMMITMENTS
2022 2021
£    £   
Contracted but not provided for in the
financial statements 51,587 90,454

13. ULTIMATE CONTROLLING PARTY

Beaphar Beheer BV, a company incorporated in the Netherlands is the ultimate parent company. Beaphar Beheer BV has a 100% interest in the share capital of the company as at 31 December 2022. Copies of the parent's consolidated financial statements may be obtained from Chamber of Commerce, Watermolenlaan 1, 3447 Gt Woerden, Netherlands.