Company Registration No. 06659926 (England and Wales)
Fedipat UK Limited
Unaudited accounts
for the year ended 31 December 2023
Fedipat UK Limited
Unaudited accounts
Contents
Fedipat UK Limited
Company Information
for the year ended 31 December 2023
Directors
Christophe Lacau
Nicolas Slama
Thierry Jean Louis Taupin
Company Number
06659926 (England and Wales)
Registered Office
164 New Cavendish Street
London
W1W 6YT
England
Fedipat UK Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
548,324
366,245
Creditors: amounts falling due within one year
(235,255)
(301,740)
Net current assets
607,626
535,047
Total assets less current liabilities
607,626
535,218
Creditors: amounts falling due after more than one year
(15,913)
(25,782)
Net assets
591,713
509,436
Called up share capital
14,287
14,287
Profit and loss account
577,426
495,149
Shareholders' funds
591,713
509,436
For the 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. 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by
Christophe Lacau
Director
Company Registration No. 06659926
Fedipat UK Limited
Notes to the Accounts
for the year ended 31 December 2023
Fedipat UK Limited is a private company, limited by shares, registered in England and Wales, registration number 06659926. The registered office is 164 New Cavendish Street, London, W1W 6YT, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fedipat UK Limited
Notes to the Accounts
for the year ended 31 December 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
237,141
406,537
Accrued income and prepayments
825
-
Other debtors
6,569
10,153
Fedipat UK Limited
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,870
9,870
Trade creditors
193,395
258,355
Taxes and social security
30,496
32,265
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
14,287 Ordinary shares of £1 each
14,287
14,287
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Transactions with related parties
During the year the company purchased goods from the fellow subsidiaries and associates distributors of the parent company.
Fedipat International Siren 482 834 363 with head offices at 2 Rue Des Clochettes Z A de la Clochette, 77165 Saint-Soupplets is regarded as the ultimate parent company of Fedipat UK Limited.
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Average number of employees
During the year the average number of employees was 3 (2022: 3).