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REGISTERED NUMBER: 01045206 (England and Wales)






Financial Statements

for the Year Ended 31 December 2023

for

Kreglinger Limited

Kreglinger Limited (Registered number: 01045206)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kreglinger Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P J M de Moor
D Laenen
W Arnouts
S D'Eath





SECRETARY: D Laenen





REGISTERED OFFICE: 167-169 Great Portland Street 5th Floor,
London
W1W 5PF





REGISTERED NUMBER: 01045206 (England and Wales)





ACCOUNTANTS: J W Ridgeway & Co
Chartered Accountants
146 Tudor Way
Rickmansworth
Hertfordshire
WD3 7HL

Kreglinger Limited (Registered number: 01045206)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,818,940 1,916,402
Debtors 4 2,565,543 2,337,578
Cash at bank 27,942 48,877
4,412,425 4,302,857
CREDITORS
Amounts falling due within one year 5 2,929,910 2,834,613
NET CURRENT ASSETS 1,482,515 1,468,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,482,515

1,468,244

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,382,515 1,368,244
SHAREHOLDERS' FUNDS 1,482,515 1,468,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kreglinger Limited (Registered number: 01045206)

Balance Sheet - continued
31 December 2023


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 15 April 2024 and were signed on its behalf by:





D Laenen - Director


Kreglinger Limited (Registered number: 01045206)

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

1. STATUTORY INFORMATION

Kreglinger 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 represents sales of goods, and commissions and fees receivable from the parent company, for services in connection with sales made by the parent company through the United Kingdom.

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 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.

Kreglinger Limited (Registered number: 01045206)

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

2. ACCOUNTING POLICIES - continued

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.

Financial reporting standard number 1
Exemption has been taken from preparing a cash flow statement on the grounds that its accounts are included in the published consolidated accounts of the ultimate holding company.


Financial reporting standard number 8
As the company is a wholly owned subsidiary it has taken advantage of the exemption contained in FRS 8 and has therefore not disclosed transactions and balances with entities which form part of the group. The consolidated financial statements of the ultimate holding company can be obtained from the address given in note 14.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,703,307 1,868,391
Amounts owed by group undertakings 848,888 457,469
Other debtors 4,195 4,195
Prepayments and accrued income 9,153 7,523
2,565,543 2,337,578

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 836,434 603,540
Tax 754,520 325,125
VAT 238,085 276,151
KBC commercial finance 804,182 1,408,397
Accrued expenses 296,689 221,400
2,929,910 2,834,613

Kreglinger Limited (Registered number: 01045206)

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

6. ULTIMATE CONTROLLING PARTY

The controlling party is G&C Kreglinger NV.

The company's ultimate parent undertaking and controlling party is: G&C Kreglinger NV which is
incorporated in Belgium. It has included the company in its group accounts, copies of which are
available from G&C Kreglinger NV Grote Markt 7, 2000 Antwerpen, Belgium