Company registration number 12317764 (England and Wales)
ORALIEVE UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ORALIEVE UK LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ORALIEVE UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1
308
Current assets
Stocks
248,863
62,911
Debtors
402,439
168,900
Cash at bank and in hand
83,390
62,102
734,692
293,913
Creditors: amounts falling due within one year
(441,675)
(160,613)
Net current assets
293,017
133,300
Net assets
293,018
133,608
ORALIEVE UK LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
2023
2022
Notes
£
£
£
£
- 2 -
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
292,018
132,608
Total equity
293,018
133,608

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
Mrs Tracy Stockdale
Mr E J Martin
Director
Director
Company Registration No. 12317764
ORALIEVE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Oralieve UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 728 Capability Green, Luton, Bedfordshire, LU1 3LU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date of 31 December 2023, the company had made a profit for the period and had net assets of £293,018. true

 

The directors forecast a profit for the year ended 31 December 2024. Management accounts indicate that turnover and profitability are in line with expectations.

 

As a result, and taking into account current trading levels, the directors believe that the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.

 

 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 

Revenue from wholesale customers is recognised when goods are shipped. Revenue from online sales is recognised when the order is placed and payment made. Revenue for sales made through third parties is recognised monthly when a third party invoice is raised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
ORALIEVE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the purchase price of the items.

 

At each reporting date, an assessment is made for impairment.

1.7
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities in the accounts. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities recognised on this basis in the balance sheet include trade and other debtors, bank balances, trade, taxation and other creditors.

 

All basic financial instruments are initially measured at transaction price and then carried at that amount less any provision for impairment, where relevant.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

ORALIEVE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In preparing these accounts the directors have given consideration to the effect on assets and liabilities at the balance sheet date. In respect of plant, impairment and the depreciation policy were considered with no changes or adjustments necessary. Other assets have been reviewed at the year end and where appropriate provision made for impairment.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Total
£
Cost
At 1 January 2023 and 31 December 2023
971
Depreciation and impairment
At 1 January 2023
663
Depreciation charged in the year
307
At 31 December 2023
970
Carrying amount
At 31 December 2023
1
At 31 December 2022
308
ORALIEVE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
5
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
82,000
2,789
2023-12-312023-01-01false12 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMrs T StockdaleMr E J MartinA O'BrienMr T MonaghanMr F Eganfalsefalse123177642023-01-012023-12-31123177642023-12-31123177642022-12-3112317764core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3112317764core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3112317764core:ShareCapital2023-12-3112317764core:ShareCapital2022-12-3112317764core:RetainedEarningsAccumulatedLosses2023-12-3112317764core:RetainedEarningsAccumulatedLosses2022-12-3112317764bus:Director12023-01-012023-12-3112317764bus:Director22023-01-012023-12-3112317764core:PlantMachinery2023-01-012023-12-31123177642022-04-012022-12-31123177642022-12-3112317764bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112317764bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112317764bus:FRS1022023-01-012023-12-3112317764bus:AuditExemptWithAccountantsReport2023-01-012023-12-3112317764bus:Director32023-01-012023-12-3112317764bus:Director42023-01-012023-12-3112317764bus:Director52023-01-012023-12-3112317764bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP