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REGISTERED NUMBER: 13238200 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2023

for

Junttan UK Operations Limited

Junttan UK Operations Limited (Registered number: 13238200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Junttan UK Operations Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J M Holappa





REGISTERED OFFICE: 1 Chapel Street
Warwick
Warwickshire
CV34 4HL





REGISTERED NUMBER: 13238200 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Junttan UK Operations Limited (Registered number: 13238200)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 754,311 -
Tangible assets 5 172,934 12,800
927,245 12,800

CURRENT ASSETS
Stocks 1,450,601 -
Debtors 6 233,721 21,723
Cash at bank 337,101 -
2,021,423 21,723
CREDITORS
Amounts falling due within one year 7 1,367,703 85,186
NET CURRENT ASSETS/(LIABILITIES) 653,720 (63,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,580,965

(50,663

)

CREDITORS
Amounts falling due after more than one
year

8

1,657,892

-
NET LIABILITIES (76,927 ) (50,663 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (77,027 ) (50,763 )
SHAREHOLDERS' FUNDS (76,927 ) (50,663 )

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 director and authorised for issue on 12 April 2024 and were signed by:





J M Holappa - Director


Junttan UK Operations Limited (Registered number: 13238200)

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

1. STATUTORY INFORMATION

Junttan UK Operations 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.

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.

The Directors have prepared the accounts on a going concern basis. At the year end the company had net liabilities of £76,927 (2022: £50,663). The Directors believe the going concern basis is appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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 5 (2022 - NIL ) .

Junttan UK Operations Limited (Registered number: 13238200)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 794,012
At 31 December 2023 794,012
AMORTISATION
Charge for year 39,701
At 31 December 2023 39,701
NET BOOK VALUE
At 31 December 2023 754,311

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 12,800 - - - 12,800
Additions - 56,193 6,224 159,557 221,974
Disposals - - - (24,950 ) (24,950 )
At 31 December 2023 12,800 56,193 6,224 134,607 209,824
DEPRECIATION
Charge for year 632 9,043 1,424 27,787 38,886
Eliminated on disposal - - - (1,996 ) (1,996 )
At 31 December 2023 632 9,043 1,424 25,791 36,890
NET BOOK VALUE
At 31 December 2023 12,168 47,150 4,800 108,816 172,934
At 31 December 2022 12,800 - - - 12,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 213,888 -
Other debtors 19,833 21,723
233,721 21,723

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 592,622 -
Amounts owed to group undertakings 242,833 82,686
Taxation and social security 10,416 -
Other creditors 521,832 2,500
1,367,703 85,186

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,657,892 -

Junttan UK Operations Limited (Registered number: 13238200)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Paul Colcomb FCCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Junttan OY, incorporated in Junttan OY, Matkuksentie 7, 70800 Kuopio, Finland.

The most senior parent entity producing publicly available financial statements is Junttan OY. These financial statements are available upon request from Junttan OY, Matkuksentie 7, 70800 Kuopio, Finland.

The ultimate controlling party is Junttan OY.