REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Daneels Uk Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Daneels Uk Ltd |
Daneels Uk Ltd (Registered number: 05748679) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Daneels Uk Ltd |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditors |
Roland House |
Princes Dock Street |
HULL HU1 2LD |
Daneels Uk Ltd (Registered number: 05748679) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Daneels Uk Ltd (Registered number: 05748679) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Daneels Uk Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is reliant on the operational and financial support of the Daneels Group in order to continue as a going concern. |
The company is in operation to meet the costs of the Daneels Directors carrying out marketing services in the UK on behalf of the Daneels Group. If the Daneels Group was unable to continue to trade as a going concern the purpose of the company would cease to be necessary and the company would not be required. |
After reporting losses in previous years, the consolidated results of the Daneels Group showed profits of EUR 31,300 in the year ended 31 March 2022 and profits of EUR 142,000 in the year ended 31 March 2023. The consolidated results for the year ended 31 March 2024 are not yet available. The unaudited figures for internal reporting purposes for the year ended 31 December 2023 shows growth in the Group's profit. The Directors of the Daneels Group expect the Group results to remain stable through until the end of 2025. The Director of Z-Card Limited is confident that he can rely on the support from the Daneels Group, however detailed financial forecasts of the Daneels group have not been prepared. |
The financial statements have been prepared on the going concern basis. |
Turnover |
Turnover comprises revenue recognised by the company in respect of services provided during the year, exclusive of Value Added Tax and trade discounts. Revenue relating to services are recognised when the company has performed its obligations, in accordance with contractual terms. |
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. |
Daneels Uk Ltd (Registered number: 05748679) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS LESS THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Directors' current accounts | 216 | 180 |
VAT |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Tax |
VAT |
Other creditors |
Accrued expenses |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | RELATED PARTY DISCLOSURES |
During the year Daneels UK Limited provided administrative services to Holding Daneels NV, the immediate parent company, totalling £95,500 (2023 £91,404). At the balance sheet date the amount owed from Holding Daneels NV was £773 (2023 £421). |
During the year the company was loaned £nil (2022 £3,000) by Dankro Ltd, a fellow group company. At the balance sheet date £3,000 (2022 £3,000) was owed to Dankro Ltd. |
At the balance sheet date an amount of £72 was owed to the company by J Daneels (2023 £60). |
At the balance sheet date an amount of £72 was owed to the company by K Daneels (2023 £60). |
At the balance sheet date an amount of £72 was owed to the company by J Van Wynsberghe (2023 £60). |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr Jozef Daneels. |