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REGISTERED NUMBER: 10792209 (England and Wales)















ECOVACS ROBOTICS UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ECOVACS ROBOTICS UK LTD (REGISTERED NUMBER: 10792209)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ECOVACS ROBOTICS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr D C Qian





REGISTERED OFFICE: 15a Station Road
Epping
Essex
CM16 4HG





REGISTERED NUMBER: 10792209 (England and Wales)





AUDITORS: Folkes Worton LLP
Chartered Accountants and Statutory Auditor
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

ECOVACS ROBOTICS UK LTD (REGISTERED NUMBER: 10792209)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,854,518 3,435,018
Debtors 4 1,624,096 893,392
Cash at bank 1,663,219 3,794,185
5,141,833 8,122,595
CREDITORS
Amounts falling due within one year 5 5,662,712 9,082,067
NET CURRENT LIABILITIES (520,879 ) (959,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(520,879

)

(959,472

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 641 641
Retained earnings (531,520 ) (970,113 )
(520,879 ) (959,472 )

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 director and authorised for issue on 25 September 2024 and were signed by:





Mr D C Qian - Director


ECOVACS ROBOTICS UK LTD (REGISTERED NUMBER: 10792209)

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


1. STATUTORY INFORMATION

Ecovacs Robotics UK Ltd 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.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Transfer pricing
The UK's transfer pricing rules are set out in Part 4 TIOPA 2010 (prior to April 2010 in s770A and Schedule 28AA of the Income and Corporation Taxes Act 1988). These came into effect for accounting periods ending after June 1999. UK legislation refers to the OECD Guidelines and the arm's length principle they set out. Transfer pricing is part of corporation tax self-assessment. This means that submitted corporate tax returns must comply with the arm's length principle.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ECOVACS ROBOTICS UK LTD (REGISTERED NUMBER: 10792209)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,446,922 570,021
Other debtors 177,174 323,371
1,624,096 893,392

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 4,440
Amounts owed to associates 5,314,971 8,638,158
Taxation and social security 334,193 426,215
Other creditors 13,548 13,254
5,662,712 9,082,067

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

The Report of the Auditors was unqualified.

Mr John Hegney (Senior Statutory Auditor)
for and on behalf of Folkes Worton LLP

7. ULTIMATE CONTROLLING PARTY

Ecovacs Robotics UK Ltd is a wholly owned subsidiary of it's parent company Ecovacs Europe GmbH based in Germany. The ultimate parent company, Ecovacs Robotics Co. Ltd is based in China.