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REGISTERED NUMBER: 12507316 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Oneflor UK Ltd

Oneflor UK Ltd (Registered number: 12507316)






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


Oneflor UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: H Paugain





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
East Yorkshire
HU15 2HG





REGISTERED NUMBER: 12507316 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Oneflor UK Ltd (Registered number: 12507316)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,798 2,288

CURRENT ASSETS
Stocks 360,829 348,950
Debtors 5 94,117 113,844
Cash at bank 90,941 71,269
545,887 534,063
CREDITORS
Amounts falling due within one year 6 366,357 172,197
NET CURRENT ASSETS 179,530 361,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,328

364,154

CREDITORS
Amounts falling due after more than one
year

7

360,542

360,542
NET (LIABILITIES)/ASSETS (179,214 ) 3,612

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (179,314 ) 3,512
SHAREHOLDERS' FUNDS (179,214 ) 3,612

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 29 February 2024 and were signed by:





H Paugain - Director


Oneflor UK Ltd (Registered number: 12507316)

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

1. STATUTORY INFORMATION

Oneflor 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.

The company is reliant on the financial support of Oneflor Europe BV. The directors of Oneflor Europe BV have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future.

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

Turnover from the sale of goods is recognised when goods are delivered and legal ownership is transferred 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.
Plant and machinery etc - 20% on cost

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.

Oneflor UK Ltd (Registered number: 12507316)

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

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,451
DEPRECIATION
At 1 January 2023 163
Charge for year 490
At 31 December 2023 653
NET BOOK VALUE
At 31 December 2023 1,798
At 31 December 2022 2,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,535 105,742
Other debtors 10,582 8,102
94,117 113,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,928 24,658
Amounts owed to group undertakings 279,717 98,907
Taxation and social security 33,485 41,952
Other creditors 23,227 6,680
366,357 172,197

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 360,542 360,542

Oneflor UK Ltd (Registered number: 12507316)

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

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 January 2023 3,512
Deficit for the year (182,826 )
At 31 December 2023 (179,314 )

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

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

11. RELATED PARTY DISCLOSURES

During the year Oneflor UK Ltd purchased goods from Oneflor Europe BV, the parent company of Oneflor UK Ltd, totalling £765,152 (2022 £985,704) and made marketing recharges to Oneflor Europe BV totalling £Nil (2022 £238,422). At the balance sheet date an amount of £640,259 was owed to Oneflor Europe BV (2022 £459,449).

Interest has been accrued on this balance at a market rate.

12. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Oneflor Europe BV a company registered in Belgium.

There is no overall controlling party.