Caseware UK (AP4) 2022.0.179 2022.0.179 FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR2022-12-312022-12-312022-01-01falseNo description of principal activity22truetrue 07454369 2022-01-01 2022-12-31 07454369 2021-01-01 2021-12-31 07454369 2022-12-31 07454369 2021-12-31 07454369 1 2022-01-01 2022-12-31 07454369 d:Director5 2022-01-01 2022-12-31 07454369 c:OfficeEquipment 2022-01-01 2022-12-31 07454369 c:OfficeEquipment 2022-12-31 07454369 c:OfficeEquipment 2021-12-31 07454369 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 07454369 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 07454369 c:ShareCapital 2022-12-31 07454369 c:ShareCapital 2021-12-31 07454369 c:RetainedEarningsAccumulatedLosses 2022-12-31 07454369 c:RetainedEarningsAccumulatedLosses 2021-12-31 07454369 d:OrdinaryShareClass1 2022-01-01 2022-12-31 07454369 d:OrdinaryShareClass1 2022-12-31 07454369 d:OrdinaryShareClass1 2021-12-31 07454369 d:FRS102 2022-01-01 2022-12-31 07454369 d:Audited 2022-01-01 2022-12-31 07454369 d:FullAccounts 2022-01-01 2022-12-31 07454369 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07454369 d:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07454369









EDCO EINDHOVEN UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
EDCO EINDHOVEN UK LIMITED
REGISTERED NUMBER: 07454369

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors
  
143,177
125,287

Cash at bank and in hand
  
296,706
327,909

  
439,883
453,196

Creditors: amounts falling due within one year
  
(276,348)
(286,719)

Net current assets
  
 
 
163,535
 
 
166,477

Total assets less current liabilities
  
163,535
166,477

  

Net assets
  
163,535
166,477


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
163,534
166,476

  
163,535
166,477


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 comprehensive income 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: 




................................................
Bjorn Erich
Director

Date: 12 April 2024

Page 1

 
EDCO EINDHOVEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Edco Eindhoven UK Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is disclosed on the company information page of these financial statements. The principal place of business is Adriaan Mulderwed 9-11, Eindhoven, 5657 EM, Netherlands. The principal activity of the company is that of non-specialised wholesale trade.

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.
These financial statements have been prepared in GBP and rounded to the nearest pound GBP (£) unless otherwise stated.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have prepared budgets and forecasts and confirm that they have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors have also considered the impact of geopolitical events such as the Russian invasion of Ukraine on the ability of the Company to continue as a going concern and the ultimate parent has agreed to continue to provide financial support to the Company. Accordingly, they continue to adopt the going concern basis in preparing the accounts.

 
2.3

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.

Page 2

 
EDCO EINDHOVEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

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.

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:

Office equipment
-
33%
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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.7

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.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

Page 3

 
EDCO EINDHOVEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss statement of comprehensive income.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in statement of comprehensive income within 'administration expenses'.

 
2.10

Operating leases: the Company as lessee

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

 
2.11

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 statement of comprehensive income 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.

 
2.12

Taxation

Tax is recognised in profit or loss 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.

Page 4

 
EDCO EINDHOVEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Management has not made any significant judgements in the process of applying the accounting policies and there are no areas of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.


4.


Employees

2022
2021
£
£

Wages and salaries
100,506
130,084

Social security costs
12,058
15,210

Cost of defined contribution scheme
2,344
2,804

114,908
148,098


The average monthly number of employees, including the directors, during the year was as follows:


        2022
        2021
            No.
            No.







Sales and Administration
2
2


5.


Tangible fixed assets





Office equipment

£



Cost 


At 1 January 2022
5,541



At 31 December 2022

5,541



Depreciation


At 1 January 2022
5,541



At 31 December 2022

5,541



Net book value



At 31 December 2022
-



At 31 December 2021
-

Page 5

 
EDCO EINDHOVEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,344 (2021: £2,804). Contributions totalling £239 (2021: £742) were payable to the fund at the balance sheet date.


8.


Post balance sheet events

There are no events affecting the Company following the year end. 


9.


Controlling party

The ultimate and immediate controlling party is Edco Eindhoven B.V., a company registered in the Netherlands.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 12 April 2024 by Paul Kurowski (Senior Statutory Auditor) on behalf of Mazars LLP.

Page 6