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REGISTERED NUMBER: 11454792 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REHASENSE (UK) LIMITED

REHASENSE (UK) LIMITED (REGISTERED NUMBER: 11454792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REHASENSE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: L French





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG





REGISTERED NUMBER: 11454792 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

REHASENSE (UK) LIMITED (REGISTERED NUMBER: 11454792)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,922 45,929

CURRENT ASSETS
Stocks 1,004,872 864,618
Debtors 5 173,493 138,994
Cash at bank and in hand 82,768 57,497
1,261,133 1,061,109
CREDITORS
Amounts falling due within one year 6 1,361,678 1,290,204
NET CURRENT LIABILITIES (100,545 ) (229,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,623

)

(183,166

)

CREDITORS
Amounts falling due after more than one year 7 7,084 25,528
NET LIABILITIES (67,707 ) (208,694 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (67,807 ) (208,794 )
(67,707 ) (208,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REHASENSE (UK) LIMITED (REGISTERED NUMBER: 11454792)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 21 August 2024 and were signed by:





L French - Director


REHASENSE (UK) LIMITED (REGISTERED NUMBER: 11454792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Rehasense (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The accounts are prepared on a going concern basis as the director considers that the company will be able to trade for the foreseeable future. As at 31 December 2023 the balance sheet showed net current liabilities of £100,545 and net liabilities of £67,707 however the company's main creditors have confirmed their continued support. The management accounts for the current period show a significant increase in turnover and gross profit which in turn is met with an increase in overall net profit.

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

Revenue is recognised for the sale of goods when the entity has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

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.

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.

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.

REHASENSE (UK) LIMITED (REGISTERED NUMBER: 11454792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 76,537
Additions 7,972
At 31 December 2023 84,509
DEPRECIATION
At 1 January 2023 30,608
Charge for year 13,979
At 31 December 2023 44,587
NET BOOK VALUE
At 31 December 2023 39,922
At 31 December 2022 45,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 151,286 118,614
Other debtors 22,207 20,380
173,493 138,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,270,012 1,193,837
Taxation and social security 23,610 21,270
Other creditors 63,056 70,097
1,361,678 1,290,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,084 12,084
Other creditors - 13,444
7,084 25,528

REHASENSE (UK) LIMITED (REGISTERED NUMBER: 11454792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RELATED PARTY DISCLOSURES

The company purchased goods to the value of £529,769 (2022: £1,003,992) and paid interest of £nil (2022: £72,689) to Rehasense Sp Z.o.o. At the year end the company owed Rehasense Sp Z.o.o .£585,887 (2022: £1,179,542).

During the year the company received supplies to the sum of £28,471 (2022: £14,024) from HSC Mobility Limited, a company of which Mr Lee French (director) owns 100% of the share capital..

9. ULTIMATE CONTROLLING PARTY

The controlling party is Rehasense Sp.Zo.o..

The ultimate controlling party is Rehasense (HK) Limited.