2022-04-01 2023-03-31 false No description of principal activity Capium Accounts Production 1.1 10588034 bus:FullAccounts 2022-04-01 2023-03-31 10588034 bus:FRS102 2022-04-01 2023-03-31 10588034 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10588034 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10588034 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10588034 2022-04-01 2023-03-31 10588034 2023-03-31 10588034 bus:RegisteredOffice 2022-04-01 2023-03-31 10588034 core:WithinOneYear 2023-03-31 10588034 core:AfterOneYear 2023-03-31 10588034 bus:Director1 2022-04-01 2023-03-31 10588034 bus:Director1 2023-03-31 10588034 bus:Director1 2021-04-01 2022-03-31 10588034 bus:Director2 2022-04-01 2023-03-31 10588034 bus:Director2 2023-03-31 10588034 bus:Director2 2021-04-01 2022-03-31 10588034 2021-04-01 10588034 bus:CompanySecretary1 2022-04-01 2023-03-31 10588034 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 10588034 2021-04-01 2022-03-31 10588034 2022-03-31 10588034 core:WithinOneYear 2022-03-31 10588034 core:AfterOneYear 2022-03-31 10588034 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 10588034 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10588034 bus:OrdinaryShareClass1 2023-03-31 10588034 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 10588034 bus:OrdinaryShareClass1 2022-03-31 10588034 core:PlantMachinery 2022-04-01 2023-03-31 10588034 core:PlantMachinery 2023-03-31 10588034 core:PlantMachinery 2022-03-31 10588034 core:FurnitureFittings 2022-04-01 2023-03-31 10588034 core:FurnitureFittings 2023-03-31 10588034 core:FurnitureFittings 2022-03-31 10588034 core:ComputerEquipment 2022-04-01 2023-03-31 10588034 core:ComputerEquipment 2023-03-31 10588034 core:ComputerEquipment 2022-03-31 10588034 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 10588034 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 10588034 core:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 10588034 core:OtherResidualIntangibleAssets 2023-03-31 10588034 core:OtherResidualIntangibleAssets 2022-03-31 10588034 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10588034 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 10588034 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 10588034 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 10588034 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 10588034 core:Non-currentFinancialInstruments 2023-03-31 10588034 core:Non-currentFinancialInstruments 2022-03-31 10588034 core:ShareCapital 2023-03-31 10588034 core:ShareCapital 2022-03-31 10588034 core:RetainedEarningsAccumulatedLosses 2023-03-31 10588034 core:RetainedEarningsAccumulatedLosses 2022-03-31 10588034 core:ShareCapitalOrdinaryShares 2022-04-01 10588034 core:ShareCapitalOrdinaryShares 2021-04-01 10588034 core:ShareCapitalOrdinaryShares 2022-04-01 2023-03-31 10588034 core:ShareCapitalOrdinaryShares 2021-04-01 2022-03-31 10588034 core:ShareCapitalOrdinaryShares 2023-03-31 10588034 core:ShareCapitalOrdinaryShares 2022-03-31 10588034 core:RetainedEarningsAccumulatedLosses 2022-04-01 10588034 core:RetainedEarningsAccumulatedLosses 2021-04-01 10588034 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10588034 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 10588034 core:RetainedEarningsAccumulatedLosses 2023-03-31 10588034 core:RetainedEarningsAccumulatedLosses 2022-03-31 10588034 dpl:Item1 2022-04-01 10588034 dpl:Item1 2023-03-31 10588034 dpl:Item1 2021-04-01 10588034 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 10588034
England and Wales

 

 

 

AU DEPART HOLDINGS (UK) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors Aaron Matthew Chuck Lung CHUNG
Sean Daegan O'NEILL
Registered Number 10588034
Registered Office 5 NEW STREET SQUARE
LONDON UNITED KINGDOM
EC4A 3TW
Accountants The Bean Counters Accountants LLP
79 Kentons Lane
Windsor
Berkshire
SL4 4JH
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2023
Directors
The directors who served the company throughout the year were as follows:
Aaron Matthew Chuck Lung CHUNG
Sean Daegan O'NEILL
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Aaron Matthew Chuck Lung CHUNG
Director

Date approved: 22 December 2023
2
Report of the Accountant to the directors of AU DEPART HOLDINGS (UK) LIMITED

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2020.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.


The Bean Counters Accountants LLP
31 March 2023



....................................................
The Bean Counters Accountants LLP
79 Kentons Lane
Windsor
Berkshire
SL4 4JH
22 December 2023
3
 
 
Notes
 
2023
£
  2022
£
Turnover 71,676   
Cost of sales (57,325)  
Gross profit 14,351   
Selling and distribution costs (260,277)   (2,430)
Administrative expenses (878,844)   (38,968)
Operating loss (1,124,770)   (41,398)
Profit/(Loss) on ordinary activities before taxation (1,124,770)   (41,398)
Tax on profit on ordinary activities (4,852)  
Profit/(Loss) for the financial year (1,129,622)   (41,398)
 
4
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 78,554   
Tangible fixed assets 4 19,409   
97,963   
Current assets      
Stocks 5 130,393   
Debtors 6 571,096    8,222 
Cash at bank and in hand 82,437   
783,926    8,222 
Creditors: amount falling due within one year 7 (2,120,313)   (121,876)
Net current liabilities (1,336,387)   (113,654)
 
Total assets less current liabilities (1,238,424)   (113,654)
Provisions for liabilities 8 (4,852)  
Net liabilities (1,243,276)   (113,654)
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account (1,243,376)   (113,754)
Shareholder's funds (1,243,276)   (113,654)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 December 2023 and were signed on its behalf by:


-------------------------------
Aaron Matthew Chuck Lung CHUNG
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 100  (72,356) (72,256)
Profit for the year (41,398) (41,398)
Total comprehensive income for the year (41,398) (41,398)
Total investments by and distributions to owners
At 31 March 2022 100  (113,754) (113,654)
At 01 April 2022 100  (113,754) (113,654)
Profit for the year (1,129,622) (1,129,622)
Total comprehensive income for the year (1,129,622) (1,129,622)
Total investments by and distributions to owners
At 31 March 2023 100  (1,243,376) (1,243,276)
6
General Information
AU DEPART HOLDINGS (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10588034, registration address 5 NEW STREET SQUARE, LONDON UNITED KINGDOM, EC4A 3TW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 33.33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2022 : 1).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 April 2022  
Additions 98,943    98,943 
Disposals  
At 31 March 2023 98,943    98,943 
Amortisation
At 01 April 2022  
Charge for year 20,389    20,389 
On disposals  
At 31 March 2023 20,389    20,389 
Net book values
At 31 March 2023 78,554    78,554 
At 31 March 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2022      
Additions 423    15,472    11,232    27,127 
Disposals      
At 31 March 2023 423    15,472    11,232    27,127 
Depreciation
At 01 April 2022      
Charge for year 106    3,868    3,744    7,718 
On disposals      
At 31 March 2023 106    3,868    3,744    7,718 
Net book values
Closing balance as at 31 March 2023 317    11,604    7,488    19,409 
Opening balance as at 01 April 2022      


5.

Stocks

2023
£
  2022
£
Stocks 130,393   
130,393   

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 549,426    2,268 
VAT 17,835    2,489 
567,261    4,757 

6.

Debtors: amounts falling due after one year

2023
£
  2022
£
Prepayments 3,835    3,465 
3,835    3,465 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 205,647    35,291 
PAYE & Social Security 9,137   
Accrued Expenses 9,800    6,975 
Other Creditors 1,895,552    79,610 
Wages & Salaries Control Account 177   
2,120,313    121,876 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 4,852   
4,852   

9.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

10.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Au Depart (Fraance) Holdings494,853 
AU Depart Italia SRL3,438 616,053 
AU Depart (HK) Limited1,333,299 1,333,299 

Various Purchase invoices paid on their behalf and cash transferred.
Settlement of their payroll £8,180 Payment of invoice on behalf of Itlay £43,155 Stock Purchased from Italy £561,296 Payment of operating expenses £3,422
Cash funding
7