IRIS Accounts Production v23.3.1.45 12108999 Board of Directors 1.8.22 31.7.23 31.7.23 22.12.23 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121089992022-07-31121089992023-07-31121089992022-08-012023-07-31121089992021-07-31121089992021-08-012022-07-31121089992022-07-3112108999ns10:Originalns15:EnglandWales2022-08-012023-07-3112108999ns14:PoundSterlingns10:Original2022-08-012023-07-3112108999ns10:Originalns10:Director12022-08-012023-07-3112108999ns10:Original2022-08-012023-07-3112108999ns10:Original2023-07-3112108999ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3112108999ns10:Originalns10:SmallEntities2022-08-012023-07-3112108999ns10:Originalns10:Audited2022-08-012023-07-3112108999ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3112108999ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3112108999ns10:Originalns10:FullAccounts2022-08-012023-07-3112108999ns10:Originalns10:Director22022-08-012023-07-3112108999ns10:Originalns10:RegisteredOffice2022-08-012023-07-3112108999ns10:Original2022-07-3112108999ns10:Originalns5:CurrentFinancialInstruments2023-07-3112108999ns10:Originalns5:CurrentFinancialInstruments2022-07-3112108999ns10:Originalns5:Non-currentFinancialInstruments2023-07-3112108999ns10:Originalns5:Non-currentFinancialInstruments2022-07-3112108999ns5:ShareCapitalns10:Original2023-07-3112108999ns5:ShareCapitalns10:Original2022-07-3112108999ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3112108999ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3112108999ns10:Originalns5:FurnitureFittings2022-08-012023-07-3112108999ns10:Original2021-08-012022-07-3112108999ns10:Originalns5:FurnitureFittings2022-07-3112108999ns10:Originalns5:FurnitureFittings2023-07-3112108999ns10:Originalns5:FurnitureFittings2022-07-3112108999ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3112108999ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3112108999ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3112108999ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3112108999ns10:Originalns5:WithinOneYear2023-07-3112108999ns10:Originalns5:WithinOneYear2022-07-3112108999ns5:BetweenOneFiveYearsns10:Original2023-07-3112108999ns5:BetweenOneFiveYearsns10:Original2022-07-3112108999ns10:Originalns5:AllPeriods2023-07-3112108999ns10:Originalns5:AllPeriods2022-07-3112108999ns10:Original12022-08-012023-07-31
REGISTERED NUMBER: 12108999 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Laderach (UK) Ltd

Laderach (UK) Ltd (Registered number: 12108999)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laderach (UK) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M Heyn
S Stegen





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 12108999 (England and Wales)





AUDITORS: Morley & Co (UK) Ltd
Statutory Auditor, Chartered Certified Accountants
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Laderach (UK) Ltd (Registered number: 12108999)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,278,169 1,291,708

CURRENT ASSETS
Stocks 279,958 130,963
Debtors 5 1,300,249 1,094,790
Cash at bank and in hand 1,696,838 2,168,919
3,277,045 3,394,672
CREDITORS
Amounts falling due within one year 6 1,979,349 2,707,634
NET CURRENT ASSETS 1,297,696 687,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,575,865

1,978,746

CREDITORS
Amounts falling due after more than one
year

7

3,294,359

2,476,904
NET LIABILITIES (718,494 ) (498,158 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (718,495 ) (498,159 )
(718,494 ) (498,158 )

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 22 December 2023 and were signed on its behalf by:





M Heyn - Director


Laderach (UK) Ltd (Registered number: 12108999)

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

1. STATUTORY INFORMATION

Laderach (UK) 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.

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 companies within the same group.

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.
Fixtures, fittings & store equipment
-
15% of cost on loose equipment and remaining life of the lease on fixtures

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, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

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.


Laderach (UK) Ltd (Registered number: 12108999)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& store
equipment
£   
COST
At 1 August 2022 1,778,858
Additions 218,041
At 31 July 2023 1,996,899
DEPRECIATION
At 1 August 2022 487,150
Charge for year 231,580
At 31 July 2023 718,730
NET BOOK VALUE
At 31 July 2023 1,278,169
At 31 July 2022 1,291,708

Laderach (UK) Ltd (Registered number: 12108999)

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

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 306,004 226,080
Other debtors 53,559 29,681
VAT - 169,160
Prepayments and accrued income 182,164 100,583
541,727 525,504

Amounts falling due after more than one year:
Lease deposits 659,506 509,506
Deferred Tax 99,016 59,780
758,522 569,286

Aggregate amounts 1,300,249 1,094,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,393,174 2,562,215
Social security and other taxes 16,207 13,239
Pension 1,639 605
VAT 266,444 -
Accrued expenses 301,885 131,575
1,979,349 2,707,634

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Loan from parent company 3,294,359 2,476,904

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,121,765 1,017,600
Between one and five years 1,416,480 1,475,750
2,538,245 2,493,350

Laderach (UK) Ltd (Registered number: 12108999)

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

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

The Report of the Auditors was unqualified.

Paul King F.C.C.A (Senior Statutory Auditor)
for and on behalf of Morley & Co (UK) Ltd

10. CONTINGENT LIABILITIES

The Company has provided guarantees in the sum of £100,000 to H. M. Revenue & Customs with regard to deferred duty and VAT

11. EVENTS AFTER THE END OF THE REPORTING PERIOD

On 9 August 2023, the company entered in to a lease agreement for a new store location. The lease has a yearly rent of £230,000 and the lease term expires on 23 June 2030.

12. ULTIMATE PARENT COMPANY

The ultimate holding company is Laderach (Schweiz) AG, accounts of which can be obtained from the registered office of Laderach (Schweiz) AG at Via Bleiche 14 - 8755 Enneda, Switzerland. As the company is a 100% owned subsidiary of Laderach (Schweiz) AG, in accordance with the exemption available within FRS102, it is not required to disclose its related party transactions with group members as such details are available from the parent company's financial statements.