Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseOther transportation support activities1211truetruefalse 07895973 2023-01-01 2023-12-31 07895973 2022-01-01 2022-12-31 07895973 2023-12-31 07895973 2022-12-31 07895973 2022-01-01 07895973 c:Director3 2023-01-01 2023-12-31 07895973 d:FurnitureFittings 2023-01-01 2023-12-31 07895973 d:FurnitureFittings 2023-12-31 07895973 d:FurnitureFittings 2022-12-31 07895973 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07895973 d:ComputerEquipment 2023-01-01 2023-12-31 07895973 d:ComputerEquipment 2023-12-31 07895973 d:ComputerEquipment 2022-12-31 07895973 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07895973 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07895973 d:CurrentFinancialInstruments 2023-12-31 07895973 d:CurrentFinancialInstruments 2022-12-31 07895973 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07895973 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07895973 d:ShareCapital 2023-12-31 07895973 d:ShareCapital 2022-12-31 07895973 d:ShareCapital 2022-01-01 07895973 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07895973 d:RetainedEarningsAccumulatedLosses 2023-12-31 07895973 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07895973 d:RetainedEarningsAccumulatedLosses 2022-12-31 07895973 d:RetainedEarningsAccumulatedLosses 2022-01-01 07895973 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07895973 c:OrdinaryShareClass1 2023-12-31 07895973 c:OrdinaryShareClass1 2022-12-31 07895973 c:FRS102 2023-01-01 2023-12-31 07895973 c:Audited 2023-01-01 2023-12-31 07895973 c:FullAccounts 2023-01-01 2023-12-31 07895973 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07895973 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07895973 2 2023-01-01 2023-12-31 07895973 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07895973









ALBATRANS LONDON (UK) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ALBATRANS LONDON (UK) LIMITED
REGISTERED NUMBER: 07895973

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,188
17,377

  
16,188
17,377

Current assets
  

Debtors: amounts falling due within one year
 5 
1,442,197
1,367,106

Cash at bank and in hand
 6 
1,903,328
915,330

  
3,345,525
2,282,436

Creditors: amounts falling due within one year
 7 
(2,041,336)
(1,552,469)

Net current assets
  
 
 
1,304,189
 
 
729,967

Total assets less current liabilities
  
1,320,377
747,344

  

Net assets
  
1,320,377
747,344


Capital and reserves
  

Called up share capital 
 8 
50,000
50,000

Profit and loss account
 9 
1,270,377
697,344

  
1,320,377
747,344


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




D Thomas
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 1

 

 
ALBATRANS LONDON (UK) LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023



Called up share capital
Profit and loss account
Total equity


£
£
£


At 1 January 2023
50,000
697,344
747,344



Comprehensive income for the year


Profit for the year
-
753,033
753,033



Contributions by and distributions to owners


Dividends: Equity capital
-
(180,000)
(180,000)



At 31 December 2023
50,000
1,270,377
1,320,377



The notes on pages 4 to 10 form part of these financial statements.

Page 2

 

 
ALBATRANS LONDON (UK) LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022



Called up share capital
Profit and loss account
Total equity


£
£
£


At 1 January 2022
50,000
631,945
681,945



Comprehensive income for the year


Profit for the year
-
365,399
365,399



Contributions by and distributions to owners


Dividends: Equity capital
-
(300,000)
(300,000)



At 31 December 2022
50,000
697,344
747,344



The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Albatrans UK 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The board and management meet regularly during the year and continue to review the Company's financial position.Given the current uncertain economic climate, with increasing energy costs and inflation, management are continuing to closely monitor the situation to ensure that, at all times, the Company has access to liquidity sufficient for its trading requirements.
As a result of these assessments, in conjunction with its budgets and forecasts, management believes the Company possesses current resources, and will be able to secure additional resources, if needed, to ensure business continuity for the foreseeable future.
For this reason, and with the Company continuing to receive the full support of the Group, the directors continue to adopt the going concern basis in the financial statements.

Page 4

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Turnover represents the total net amounts receivable by the company for services supplied during the year in the normal course of its business, after deducting trade discounts and value added tax.
Revenue is recognised when the service is carried out. For exports, this is the date of departure of the customers' goods from the UK. For imports, this is the date the customers' goods have passed through UK customs and are available for collection or, if the services include delivery of the goods, it is the date of delivery.



 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
on cost
Computer equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Average number of employees
12
11

Page 7

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
9,783
25,622
35,405


Additions
2,917
4,625
7,542



At 31 December 2023

12,700
30,247
42,947



Depreciation


At 1 January 2023
2,695
15,333
18,028


Charge for the year on owned assets
1,838
6,893
8,731



At 31 December 2023

4,533
22,226
26,759



Net book value



At 31 December 2023
8,167
8,021
16,188



At 31 December 2022
7,088
10,289
17,377


5.


Debtors

2023
2022
£
£


Trade debtors
788,950
829,736

Amounts owed by group undertakings
243,235
337,240

Other debtors
69,085
51,060

Prepayments and accrued income
340,927
149,070

1,442,197
1,367,106


Page 8

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,903,328
915,330

1,903,328
915,330



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
953,275
789,673

Amounts owed to group undertakings
654,539
591,728

Corporation tax
238,513
60,085

Other taxation and social security
14,404
13,318

Other creditors
1,814
1,680

Accruals and deferred income
178,791
95,985

2,041,336
1,552,469



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50,000 (2022 - 50,000) Ordinary shares of £1.00 each
50,000
50,000



9.


Reserves

Profit and loss account

The profit and loss account represents the net distributable reserves of the Company at the date of the statement of financial position.


10.


Pension commitments

The company operates a defined contribution pension scheme for its staff and made contributions during the year of £9,181 (2022: £8,477). The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, there were unpaid contributions amounting to £1,814 (2022: £1,680). 

Page 9

 
ALBATRANS LONDON (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Related party transactions

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.
All material transactions undertaken with non-wholly owned group companies are carried out under normal market conditions.


12.


Controlling party

The immediate parent company is Albatrans SpA, whose registered office is at Via del Botteghino, 19, 50018 Scandicci (Florence) Italy.
The ultimate parent company is Savino Del Bene SpA, whose registered office is Via del Botteghino, 24/26/28A, 50018 Scandicci (Florence) Italy.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 23 September 2024 by M S Caldicott ACA FCCA CTA (Senior Statutory Auditor) on behalf of White Hart Associates (London) Limited.

 
Page 10