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Company No: 13576052 (England and Wales)

VIVERE OUTDOOR UK LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

VIVERE OUTDOOR UK LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

VIVERE OUTDOOR UK LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
VIVERE OUTDOOR UK LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Jason Craig Stoter
Leon Vroemen
REGISTERED OFFICE 5-10 Sparrow Way Lakesview International Business Park
Hersden
Canterbury
CT3 4JH
United Kingdom
COMPANY NUMBER 13576052 (England and Wales)
CHARTERED ACCOUNTANTS Burgess Hodgson LLP
Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
VIVERE OUTDOOR UK LTD

BALANCE SHEET

As at 31 December 2023
VIVERE OUTDOOR UK LTD

BALANCE SHEET (continued)

As at 31 December 2023
31.12.2023 31.12.2022
£ £
Current assets
Stocks 318,350 275,188
Debtors 4 9,913 12,579
Cash at bank and in hand 13,648 61,858
341,911 349,625
Creditors: amounts falling due within one year 5 ( 393,655) ( 388,294)
Net current liabilities (51,744) (38,669)
Total assets less current liabilities (51,744) (38,669)
Net liabilities ( 51,744) ( 38,669)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 51,844 ) ( 38,769 )
Total shareholder's deficit ( 51,744) ( 38,669)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Vivere Outdoor UK Ltd (registered number: 13576052) were approved and authorised for issue by the Board of Directors on 25 July 2024. They were signed on its behalf by:

Jason Craig Stoter
Director
Leon Vroemen
Director
VIVERE OUTDOOR UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
VIVERE OUTDOOR UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Vivere Outdoor UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5-10 Sparrow Way Lakesview International Business Park, Hersden, Canterbury, CT3 4JH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Year ended
31.12.2023
Period from
20.08.2021 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Debtors

31.12.2023 31.12.2022
£ £
Trade debtors 4,961 2,501
Other debtors 4,952 10,078
9,913 12,579

5. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Trade creditors 236,374 322,561
Amounts owed to Group undertakings 155,316 63,929
Other taxation and social security 464 303
Other creditors 1,501 1,501
393,655 388,294

6. Related party transactions

Transactions with owners holding a participating interest in the entity

31.12.2023 31.12.2022
£ £
At the year end the company owed the following to a group company: 155,316 63,929

7. Ultimate controlling party

The company’s immediate and ultimate parent company at the balance sheet date is Stoter Holdings Inc. , a company incorporated in Canada. Stoter Holdings Inc.'s registered address is Guelph, Ontario, Canada.