VUORI CLOTHING UK LIMITED

Company Registration Number:
14008577 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

VUORI CLOTHING UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

VUORI CLOTHING UK LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

9 months to 31 December 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 89,830 162,444
Investments: 4 225,822 471,233
Total fixed assets: 315,652 633,677
Current assets
Stocks: 175,983 339,856
Debtors:   24,394 10,422
Cash at bank and in hand: 515,728 150,676
Total current assets: 716,105 500,954
Creditors: amounts falling due within one year:   (838,559) (897,075)
Net current assets (liabilities): (122,454) (396,121)
Total assets less current liabilities: 193,198 237,556
Creditors: amounts falling due after more than one year:   (338,096) (432,670)
Total net assets (liabilities): (144,898) (195,114)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (144,998) (195,214)
Shareholders funds: (144,898) (195,114)

The notes form part of these financial statements

VUORI CLOTHING UK LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 August 2024
and signed on behalf of the board by:

Name: Joseph Lemar Kudla
Status: Director

The notes form part of these financial statements

VUORI CLOTHING UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VUORI CLOTHING UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 9 months to 31 December 2022
Average number of employees during the period 13 10

VUORI CLOTHING UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 189,968
Additions 5,435
At 31 December 2023 195,403
Depreciation
At 01 January 2023 27,524
Charge for year 78,049
At 31 December 2023 105,573
Net book value
At 31 December 2023 89,830
At 31 December 2022 162,444

VUORI CLOTHING UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Combination of long term deposit for retail store lease, IFRS 16 - all operating leases and corresponding amortization, and deferred tax asset related to net operating loss carryforward for current period.

VUORI CLOTHING UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party: Vuori Inc.
Relationship:
US Parent Company
Description of the Transaction: Intercompany Loan - 199,950 GBP as of December 31, 2023Intercompany Loan Interest - 8,414 GBP as of December 31, 2023Investment in Subsidiary - 100 GBP as of December 31, 2023Intercompany Payable - 1,048,326 as of December 31, 2023
£
Balance at 01 January 2023 866,852
Balance at 31 December 2023 1,256,791
Name of the related party: Vuori Inc.
Relationship:
US Parent Company
Description of the Transaction: Intercompany Receivable - 270,000 GBP as of December 31, 2023
£
Balance at 01 January 2023 0
Balance at 31 December 2023 270,000