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NORDLUX (UK & EIRE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






NORDLUX (UK & EIRE) LIMITED (REGISTERED NUMBER: 05362404)

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


NORDLUX (UK & EIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N S Jakobsen
Z Yang





REGISTERED OFFICE: Unit 22 Deanfield Court
Link 59 Business Park
Clitheroe
Lancashire
BB7 1QS





REGISTERED NUMBER: 05362404 (England and Wales)





AUDITORS: Wilkinson and Partners
Chartered Accountants
Statutory Auditors
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

NORDLUX (UK & EIRE) LIMITED (REGISTERED NUMBER: 05362404)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,467 12,271

CURRENT ASSETS
Stocks 148,142 242,204
Debtors 5 336,814 345,020
Cash at bank and in hand 297,745 156,716
782,701 743,940
CREDITORS
Amounts falling due within one year 6 657,345 297,879
NET CURRENT ASSETS 125,356 446,061
TOTAL ASSETS LESS CURRENT LIABILITIES 134,823 458,332

PROVISIONS FOR LIABILITIES 8 2,367 2,313
NET ASSETS 132,456 456,019

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 132,356 455,919
SHAREHOLDERS' FUNDS 132,456 456,019

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





N S Jakobsen - Director


NORDLUX (UK & EIRE) LIMITED (REGISTERED NUMBER: 05362404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Nordlux (UK & Eire) Limited 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.

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 - 10% on cost
Fixtures and fittings - at varying rates on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

NORDLUX (UK & EIRE) LIMITED (REGISTERED NUMBER: 05362404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 21,354 12,994 20,967 55,315
Additions 584 - 1,153 1,737
At 31 December 2023 21,938 12,994 22,120 57,052
DEPRECIATION
At 1 January 2023 16,571 8,725 17,748 43,044
Charge for year 1,234 1,012 2,295 4,541
At 31 December 2023 17,805 9,737 20,043 47,585
NET BOOK VALUE
At 31 December 2023 4,133 3,257 2,077 9,467
At 31 December 2022 4,783 4,269 3,219 12,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 264,839 328,715
Corporation tax 52,668 -
Prepayments 19,307 16,305
336,814 345,020

NORDLUX (UK & EIRE) LIMITED (REGISTERED NUMBER: 05362404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 60,420 99,259
Amounts owed to group undertakings 282,184 59,572
Corporation tax - 2,574
VAT 100,062 123,222
Other creditors 2,728 2,725
Accrued expenses 211,951 10,527
657,345 297,879

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 10,869
Between one and five years 64,506 31,906
64,506 42,775

8. PROVISIONS FOR LIABILITIES

The deferred tax provision is wholly attributable to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Paul Raistrick FCA (Senior Statutory Auditor)
for and on behalf of Wilkinson and Partners

11. RELATED PARTY DISCLOSURES

The company is wholly owned by Nordlux Group A/S, a company registered in Denmark

Advantage of the exemption conferred by Financial Reporting Standard 8, not to disclose details of related party transactions, has been taken on the grounds that the company is wholly owned by the parent company and that the financial statements of the parent company are available to the public.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Senjie Chen.