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REGISTERED NUMBER: 14195310 (England and Wales)


















Financial Statements for the Year Ended 31 December 2023

for

Dhollandia UK Production Ltd

Dhollandia UK Production Ltd (Registered number: 14195310)






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


Dhollandia UK Production Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms N Dhollander
Mr C M Lay





REGISTERED OFFICE: Dhollandia UK Limited
Latham Road
Huntingdon
Cambridgeshire
PE29 6YG





REGISTERED NUMBER: 14195310 (England and Wales)





AUDITORS: George Hay Partnership LLP
Chartered Accountants
and Statutory Auditor
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Dhollandia UK Production Ltd (Registered number: 14195310)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 427,189 300,270

CURRENT ASSETS
Debtors 4 - 221,703
Cash at bank 228,969 65,961
228,969 287,664
CREDITORS
Amounts falling due within one year 5 168,462 127,274
NET CURRENT ASSETS 60,507 160,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,696

460,660

CAPITAL AND RESERVES
Called up share capital 100 100
Capital contribution 99,900 99,900
Retained earnings 387,696 360,660
487,696 460,660

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 Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by:





Ms N Dhollander - Director


Dhollandia UK Production Ltd (Registered number: 14195310)

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

1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the assembly of tail lifts is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the shipping of the tail lift to the relevant customers.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 - 20% on reducing balance and 4% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Dhollandia UK Production Ltd (Registered number: 14195310)

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

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 327,059
Additions 200,000
At 31 December 2023 527,059
DEPRECIATION
At 1 January 2023 26,789
Charge for year 73,081
At 31 December 2023 99,870
NET BOOK VALUE
At 31 December 2023 427,189
At 31 December 2022 300,270

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 201,703
Other debtors - 20,000
- 221,703

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 271 19,204
Amounts owed to group undertakings 123,885 81,074
Taxation and social security 36,306 22,996
Other creditors 8,000 4,000
168,462 127,274

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

The Report of the Auditors was unqualified.

Emma Wilsher FCA (Senior Statutory Auditor)
for and on behalf of George Hay Partnership LLP

Dhollandia UK Production Ltd (Registered number: 14195310)

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

7. ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Hydrotec Engineering Limited.

The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared, is Hydrotec Engineering Limited, which is incorporated in Ireland and for which financial statements are available from Old Waterford Rd, Laganore, Clonmel, Co. Tipperary, Ireland.

The ultimate controlling party is Hyd Fin International which is incorporated in Luxembourg.