VERHOEK EUROPE LIMITED

Company Registration Number:
09770759 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

VERHOEK EUROPE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

VERHOEK EUROPE LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Additional information

Details of director who served during the year.Impact of Russia-Ukraine Conflict.Going concern. Details about auditors appointment.Small companies note.



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

Klaasje Claudia Verhoek


The director shown below has held office during the period of
1 January 2022 to 7 October 2022

Henk Verhoek


The director shown below has held office during the period of
1 January 2022 to 30 August 2022

Harm Arend de Graaf


The directors shown below have held office during the period of
7 October 2022 to 31 December 2022

Stephen Apsey
Meije Smink


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 April 2024

And signed on behalf of the board by:
Name: Klaasje Claudia Verhoek
Status: Director

VERHOEK EUROPE LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 8,958,499 7,043,317
Cost of sales: ( 6,354,803 ) ( 4,921,025 )
Gross profit(or loss): 2,603,696 2,122,292
Administrative expenses: ( 2,352,200 ) ( 1,845,786 )
Operating profit(or loss): 251,496 276,506
Interest payable and similar charges: ( 81,494 ) ( 70,270 )
Profit(or loss) before tax: 170,002 206,236
Tax: ( 48,916 ) 80,478
Profit(or loss) for the financial year: 121,086 286,714

VERHOEK EUROPE LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 2,701,398 3,193,082
Total fixed assets: 2,701,398 3,193,082
Current assets
Stocks: 4 0 3,922
Debtors: 5 683,970 732,642
Cash at bank and in hand: 382,370 336,975
Total current assets: 1,066,340 1,073,539
Creditors: amounts falling due within one year: 6 ( 2,706,069 ) ( 3,041,992 )
Net current assets (liabilities): (1,639,729) (1,968,453)
Total assets less current liabilities: 1,061,669 1,224,629
Creditors: amounts falling due after more than one year: 7 ( 949,787 ) ( 1,233,833 )
Total net assets (liabilities): 111,882 (9,204)
Capital and reserves
Called up share capital: 72,500 72,500
Profit and loss account: 39,382 (81,704 )
Total Shareholders' funds: 111,882 (9,204)

The notes form part of these financial statements

VERHOEK EUROPE LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 April 2024
and signed on behalf of the board by:

Name: Klaasje Claudia Verhoek
Status: Director

The notes form part of these financial statements

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Company provides logistical and related services to external parties and other group companies. The Company began operating on a cost-plus basis from July 2020 and recharges its expenses at amark-up of 3.5% to another group company. Turnover is recognised on completion of such services. Turnover is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Motor vehicles - 20% straight lineFixtures and fittings - 10% - 20% straight lineOffice equipment - 20% straight lineComputers - 20% straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

    Other accounting policies

    Please refer to page 11 to 15 for all of the accounting policies in signed Financial Statements.

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 75 48

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 1,755,435 216,160 1,604,880 3,576,475
Additions 9,469 9,469
Disposals
Revaluations
Transfers
At 31 December 2022 1,755,435 225,629 1,604,880 3,585,944
Depreciation
At 1 January 2022 241,330 35,366 106,697 383,393
Charge for year 167,795 44,480 288,878 501,153
On disposals
Other adjustments
At 31 December 2022 409,125 79,846 395,575 884,546
Net book value
At 31 December 2022 1,346,310 145,783 1,209,305 2,701,398
At 31 December 2021 1,514,105 180,794 1,498,183 3,193,082

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 0 3,922
Total 0 3,922

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Prepayments and accrued income 403,609 414,086
Other debtors 280,361 318,556
Total 683,970 732,642

Other debtors include deferred taxation as well.

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 305,993 801,702
Accruals and deferred income 467,222 408,884
Other creditors 1,932,854 1,831,406
Total 2,706,069 3,041,992

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Amounts due under finance leases and hire purchase contracts 949,787 1,233,833
Total 949,787 1,233,833

VERHOEK EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Financial Commitments

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for warehouses for each of the following periods: Not later than 1 year 945,717 ( 2021 : 874,986)Later than 1 year and not later than 5 years 1,984,74 (2021 : 2 2,991,697)