Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-01-01false99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07979905 2022-01-01 2022-12-31 07979905 2021-01-01 2021-12-31 07979905 2022-12-31 07979905 2021-12-31 07979905 2021-01-01 07979905 c:Director3 2022-01-01 2022-12-31 07979905 d:PlantMachinery 2022-01-01 2022-12-31 07979905 d:PlantMachinery 2022-12-31 07979905 d:PlantMachinery 2021-12-31 07979905 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07979905 d:MotorVehicles 2022-01-01 2022-12-31 07979905 d:MotorVehicles 2022-12-31 07979905 d:MotorVehicles 2021-12-31 07979905 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07979905 d:OfficeEquipment 2022-01-01 2022-12-31 07979905 d:OfficeEquipment 2022-12-31 07979905 d:OfficeEquipment 2021-12-31 07979905 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07979905 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07979905 d:CurrentFinancialInstruments 2022-12-31 07979905 d:CurrentFinancialInstruments 2021-12-31 07979905 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07979905 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 07979905 c:FRS102 2022-01-01 2022-12-31 07979905 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07979905 c:FullAccounts 2022-01-01 2022-12-31 07979905 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07979905 d:WithinOneYear 2022-12-31 07979905 d:WithinOneYear 2021-12-31 07979905 d:BetweenOneFiveYears 2022-12-31 07979905 d:BetweenOneFiveYears 2021-12-31 07979905 2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 07979905










DUTCHPRO UK LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
DUTCHPRO UK LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8

 
DUTCHPRO UK LTD
REGISTERED NUMBER: 07979905

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
75,531
69,425

  
75,531
69,425

Current assets
  

Stocks
  
1,844,376
1,621,863

Debtors: amounts falling due within one year
 5 
477,993
862,785

Cash at bank and in hand
  
250,136
138,693

  
2,572,505
2,623,341

Creditors: amounts falling due within one year
 6 
(220,444)
(290,548)

Net current assets
  
 
 
2,352,061
 
 
2,332,793

Total assets less current liabilities
  
2,427,592
2,402,218

  

Provisions for liabilities
  

Deferred taxation
 7 
(18,900)
(3,200)

  

Net assets
  
2,408,692
2,399,018


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,407,692
2,398,018

  
2,408,692
2,399,018

Page 1

 
DUTCHPRO UK LTD
REGISTERED NUMBER: 07979905
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr F Griek
Director

Date: 18 March 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
DUTCHPRO UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Dutchpro UK Ltd (the company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD and the principal place of business is Units 12-13 Maple Leaf Industrial Estate, Bloxwich Lane, Walsall, West Midlands, WS2 8TF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company 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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

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.

Page 3

 
DUTCHPRO UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the folowing basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% straight line
Motor vehicles
-
25% reducing balance basis
Office equipment
-
25% 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 profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
DUTCHPRO UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.11

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the lease term.

 
2.12

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Page 5

 
DUTCHPRO UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2021 - 9).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost 


At 1 January 2022
59,381
91,593
12,413
163,387


Additions
-
30,526
-
30,526


Disposals
-
(20,529)
-
(20,529)



At 31 December 2022

59,381
101,590
12,413
173,384



Depreciation


At 1 January 2022
57,597
25,672
10,693
93,962


Charge for the year on owned assets
792
19,024
646
20,462


Disposals
-
(16,571)
-
(16,571)



At 31 December 2022

58,389
28,125
11,339
97,853



Net book value



At 31 December 2022
992
73,465
1,074
75,531



At 31 December 2021
1,784
65,921
1,720
69,425


5.


Debtors

2022
2021
£
£


Trade debtors
199,104
288,344

Amounts owed by group undertakings
46,606
494,122

Other debtors
214,245
77,719

Prepayments and accrued income
18,038
2,600

477,993
862,785


Page 6

 
DUTCHPRO UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
11,964
10,336

Other taxation and social security
100,497
159,837

Other creditors
2,303
2,299

Accruals and deferred income
105,680
118,076

220,444
290,548



7.


Deferred taxation




2022
2021


£

£






At beginning of year
(3,200)
(6,000)


Charged to profit or loss
(15,700)
2,800



At end of year
(18,900)
(3,200)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(18,900)
(3,200)


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an indepentently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,025 for the year (2021: £4,946). There was £386 (2021: £386) outstanding to the pension fund at the end of the year.

Page 7

 
DUTCHPRO UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Commitments under operating leases

At 31 December 2022 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
48,550
48,550

Later than 1 year and not later than 5 years
97,100
145,650

145,650
194,200


10.


Ultimate parent undertaking

The ultimate parent undertaking is Dutchpro Holding BV, a company incorporated in the Netherlands.

 
Page 8