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REGISTERED NUMBER: 14071672 (England and Wales)






Financial Statements

for the Year Ended 31 December 2023

for

Valinge Innovation UK Ltd

Valinge Innovation UK Ltd (Registered number: 14071672)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Valinge Innovation UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S K Darbyshire





SECRETARY: J W Ridgeway





REGISTERED OFFICE: Park View Business Centre
Combermere
Whitchurch
Shropshire
SY13 4AL





REGISTERED NUMBER: 14071672 (England and Wales)





AUDITORS: Bright Partnership Ltd
Chartered Accountants
Statutory Auditors
1 Park Street
Macclesfield
Cheshire
SK11 6SR

Valinge Innovation UK Ltd (Registered number: 14071672)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 83,260 76,866
Cash at bank 109,997 72,471
193,257 149,337
CREDITORS
Amounts falling due within one year 5 77,489 56,626
NET CURRENT ASSETS 115,768 92,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,768

92,711

CREDITORS
Amounts falling due after more than one
year

6

80,000

80,000
NET ASSETS 35,768 12,711

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 34,768 11,711
SHAREHOLDERS' FUNDS 35,768 12,711

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 11 June 2024 and were signed by:





S K Darbyshire - Director


Valinge Innovation UK Ltd (Registered number: 14071672)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Valinge Innovation UK Ltd 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.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Valinge Innovation UK Ltd (Registered number: 14071672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 3,654 2,867
Prepayments and accrued income 615 -
Due from Parent Company 78,991 73,999
83,260 76,866

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,775 16,765
Tax 6,519 2,388
Social security and other taxes 11,256 18,815
Other creditors 1,558 -
Accrued expenses 39,381 18,658
77,489 56,626

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Loan from Parent Company 80,000 80,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Kennington BSc FCA (Senior Statutory Auditor)
for and on behalf of Bright Partnership Ltd

8. ULTIMATE CONTROLLING PARTY

The controlling party is Valinge Innovation Sweden AB.

The ultimate controlling party is Valinge Innovation AB.

The company's ultimate parent undertaking and controlling party is: Valinge Innovation AB which is incorporated in Sweden. It has included the company in its group accounts, copies of which are available from Valinge Innovation AB Prästavägen 513, 263 65 Viken, Sweden