REGISTERED NUMBER: |
Widem UK Limited |
Abridged Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
Widem UK Limited |
Abridged Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
Widem UK Limited (Registered number: 06302792) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 7 |
Widem UK Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
25A High Street |
Daventry |
Northamptonshire |
NN11 4BG |
Widem UK Limited (Registered number: 06302792) |
Abridged Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Widem UK Limited (Registered number: 06302792) |
Abridged Balance Sheet - continued |
31 December 2023 |
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 |
Widem UK Limited (Registered number: 06302792) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Widem UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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. |
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. |
Widem UK Limited (Registered number: 06302792) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
Contribution payable to pension scheme are charged to profit and loss account in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Widem UK Limited (Registered number: 06302792) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | RELATED PARTY DISCLOSURES |
Details of transactions and balances between Widem UK Limited and other business within the group are shown below: |
2023 | 2022 |
£ | £ |
Amount owned to: |
Widem Logistics NV - Belgium | 71,683 | 134,153 |
Widem Germany GmBH | - | 754 |
Widem Holding VA | 18,364 | 11,629 |
Widem Italy | 217,582 | 309,709 |
Widem Spain | 349 | - |
Amount owned by: |
Widem Logistics NV - Belgium | 1,115 | 20,591 |
Widem France | - | - |
Widem SK S.R.O - Slovakia | - | 445 |
Widem Holding VA | - | - |
Turnover includes sales made to the following companies: |
Widem Logistics NV - Belgium | 79,801 | 24,023 |
Widem Holding VA | - | - |
Widem Italy SRL | - | 181 |
Cost of sales includes purchases from the following companies: |
Widem Holding VA | 18,364 | 10,122 |
Widem Logistics NV - Belgium | 298,154 | 177,325 |
Widem Germany GmBH | - | 754 |
Widem Spain | 353 | 1,662 |
Widem Italy SRL | 795,620 | 776,128 |
All transactions were on a commercial basis. |
Widem UK Limited (Registered number: 06302792) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |