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REGISTERED NUMBER: 04019735 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Gattefosse (UK) Limited

Gattefosse (UK) Limited (Registered number: 04019735)






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


Gattefosse (UK) Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr J W Jones
Mr E P Joszas De Purgly
Mr M W Walker
Ms S Moyrand





REGISTERED OFFICE: Moorcrofts LLP
Thames House
Mere Park, Dedmere Road
Marlow
Buckinghamshire
SL7 1PB





REGISTERED NUMBER: 04019735 (England and Wales)





AUDITORS: WP Audit Limited
Statutory Auditors
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Gattefosse (UK) Limited (Registered number: 04019735)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,063 8,361

CURRENT ASSETS
Stocks 448,439 468,311
Debtors 5 503,143 838,012
Cash at bank and in hand 1,205,758 910,475
2,157,340 2,216,798
CREDITORS
Amounts falling due within one year 6 (931,773 ) (1,102,133 )
NET CURRENT ASSETS 1,225,567 1,114,665
TOTAL ASSETS LESS CURRENT LIABILITIES 1,231,630 1,123,026

PROVISIONS FOR LIABILITIES (1,516 ) (317 )
NET ASSETS 1,230,114 1,122,709

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 1,225,114 1,117,709
SHAREHOLDERS' FUNDS 1,230,114 1,122,709

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 6 March 2023 and were signed on its behalf by:





Mr M W Walker - Director


Gattefosse (UK) Limited (Registered number: 04019735)

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

1. STATUTORY INFORMATION

Gattefosse (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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates. The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.

Bad debt provisions
Provisions are estimated by the company in respect of specific debts based upon the age of the debt and knowledge of human issues.

Stock provisions
Provisions are estimated by the company in respect of specific stocks based upon the age of the stock and knowledge of human issues.

Turnover
Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales. Sales recognised on delivery of goods to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 20, 25% straight line

Tangible fixed assets are included at cost less depreciation and impairment.

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

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.


Gattefosse (UK) Limited (Registered number: 04019735)

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.

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.

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.

Cash flow statement
The company has taken advantage of the exemption conferred by Section 1A of FRS 102 not to prepare a cash flow statement on the grounds that it is a 'small' company under Companies Act 2006.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 9,192
DEPRECIATION
At 1 January 2022 831
Charge for year 2,298
At 31 December 2022 3,129
NET BOOK VALUE
At 31 December 2022 6,063
At 31 December 2021 8,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 478,112 809,723
Other debtors 25,031 28,289
503,143 838,012

Gattefosse (UK) Limited (Registered number: 04019735)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 9,338 79,886
Amounts owed to joint ventures 400,706 582,884
Taxation and social security 356,850 366,174
Other creditors 164,879 73,189
931,773 1,102,133

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

The Report of the Auditors was unqualified.

Philippa Duckworth (Senior Statutory Auditor)
for and on behalf of WP Audit Limited

8. ULTIMATE CONTROLLING PARTY

The company is a joint arrangement between MSBW Limited, a company incorporated in England, and Gattefosse Holding SA, a company incorporated in France. MSBW Limited owns the ordinary B shares,representing 40% of the share capital, whilst Gattefosse Holding SA owns the ordinary A shares, totalling 60% of the share capital.