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REGISTERED NUMBER: 04657762 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRODUAL UK LIMITED

PRODUAL UK LIMITED (REGISTERED NUMBER: 04657762)






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


PRODUAL UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: M J Albrektsson
A Immonen
R Laaksonen
J Skelding



REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA



REGISTERED NUMBER: 04657762 (England and Wales)



SENIOR STATUTORY AUDITOR: Rachel Davis BA FCA



AUDITORS: Just Audit Limited
Chartered Accountants & Statutory Auditors
Strelley Hall
Main Street
Strelley
Nottingham
NG8 6PE

PRODUAL UK LIMITED (REGISTERED NUMBER: 04657762)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,677 23,069

CURRENT ASSETS
Stocks 41,663 77,395
Debtors 5 236,051 121,448
Cash at bank 407,625 552,754
685,339 751,597
CREDITORS
Amounts falling due within one year 6 69,117 146,854
NET CURRENT ASSETS 616,222 604,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,899

627,812

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 633,899 621,812
SHAREHOLDERS' FUNDS 639,899 627,812

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 28 March 2024 and were signed on its behalf by:





J Skelding - Director


PRODUAL UK LIMITED (REGISTERED NUMBER: 04657762)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Produal UK Limited (formerly Syxthsense Limited) is a private company, limited by shares, registered in England and Wales. The company's registered number is 04657762 and the registered office address is 11 Castle Hill, Maidenhead, Berkshire, SL6 4AA

On the 14th June 2022 the company changed its name to Produal UK Limited.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Sale of goods - Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 33% on reducing balance
Improvements to Property - 20% straight line
Fixtures and Fittings - 33% on reducing balance
Computer Equipment - 33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

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

Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

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.


PRODUAL UK LIMITED (REGISTERED NUMBER: 04657762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 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.

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 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 26,116 1,181 1,479 28,776
Additions 4,600 - - 4,600
Disposals - (658 ) - (658 )
At 31 December 2023 30,716 523 1,479 32,718
DEPRECIATION
At 1 January 2023 3,047 1,181 1,479 5,707
Charge for year 3,992 - - 3,992
Eliminated on disposal - (658 ) - (658 )
At 31 December 2023 7,039 523 1,479 9,041
NET BOOK VALUE
At 31 December 2023 23,677 - - 23,677
At 31 December 2022 23,069 - - 23,069

PRODUAL UK LIMITED (REGISTERED NUMBER: 04657762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 70,054 114,170
Amounts owed by group undertakings 153,532 -
Other debtors 12,465 7,278
236,051 121,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 28,428 8,003
Amounts owed to group undertakings - 36,140
Taxation and social security 19,614 70,349
Other creditors 21,075 32,362
69,117 146,854

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 18,500 18,500
Between one and five years - 18,500
18,500 37,000

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

The Report of the Auditors was unqualified.

Rachel Davis BA FCA (Senior Statutory Auditor)
for and on behalf of Just Audit Limited

9. PARENT COMPANY

Produal UK Limited is a subsidiary of Bemsiq AB.

Bemsiq AB is the parent company of the smallest group that draws up consolidated financial statements which include the results of Produal UK Limited (formerly Syxthsense Limited), its registered office address is J A Wettergrens Gata 7, Box 336, SE 401 25, Gothenburg, Sweden.