Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 21 February 2024 1 January 2023 31 December 2023 31 December 2023 01393429 G Verdun P R Bosquillon De Jenlis E J Cotterell G de Jenlis true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01393429 2022-12-31 01393429 2023-12-31 01393429 2023-01-01 2023-12-31 01393429 frs-core:CurrentFinancialInstruments 2023-12-31 01393429 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01393429 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01393429 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 01393429 frs-core:MotorVehicles 2023-12-31 01393429 frs-core:MotorVehicles 2023-01-01 2023-12-31 01393429 frs-core:MotorVehicles 2022-12-31 01393429 frs-core:PlantMachinery 2023-12-31 01393429 frs-core:PlantMachinery 2023-01-01 2023-12-31 01393429 frs-core:PlantMachinery 2022-12-31 01393429 frs-core:ShareCapital 2023-12-31 01393429 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01393429 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01393429 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01393429 frs-bus:SmallEntities 2023-01-01 2023-12-31 01393429 frs-bus:Audited 2023-01-01 2023-12-31 01393429 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01393429 1 2023-01-01 2023-12-31 01393429 frs-bus:Director1 2023-01-01 2023-12-31 01393429 frs-bus:Director1 2022-12-31 01393429 frs-bus:Director1 2023-12-31 01393429 frs-bus:Director2 2023-01-01 2023-12-31 01393429 frs-bus:Director3 2023-01-01 2023-12-31 01393429 frs-bus:Director4 2023-01-01 2023-12-31 01393429 frs-countries:EnglandWales 2023-01-01 2023-12-31 01393429 2021-12-31 01393429 2022-12-31 01393429 2022-01-01 2022-12-31 01393429 frs-core:CurrentFinancialInstruments 2022-12-31 01393429 frs-core:ShareCapital 2022-12-31 01393429 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01393429
Robot-Coupe (UK) Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 01393429
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,914 122,261
102,914 122,261
CURRENT ASSETS
Stocks 5 1,584,944 2,020,977
Debtors 6 1,194,258 1,924,262
Cash at bank and in hand 1,218,168 603,119
3,997,370 4,548,358
Creditors: Amounts Falling Due Within One Year 7 (868,095 ) (1,024,859 )
NET CURRENT ASSETS (LIABILITIES) 3,129,275 3,523,499
TOTAL ASSETS LESS CURRENT LIABILITIES 3,232,189 3,645,760
NET ASSETS 3,232,189 3,645,760
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Income Statement 3,222,189 3,635,760
SHAREHOLDERS' FUNDS 3,232,189 3,645,760
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
E J Cotterell
Director
18 February 2024
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Robot-Coupe (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01393429 . The registered office is 2 Fleming Way, Worton Road, Isleworth, Middlesex, TW7 6EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented.
2.3. Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the remaining term of the lease
Plant & Machinery 25% on cost and 20% on cost
Motor Vehicles 33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in non-puttable ordinary shares.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
Other financial assets
Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss account, except that investments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss account, are assessed for indicators of impairment at each reporting end date.
Other financial liabilities
Other financial liabilities, including debt instruments that do not meet the definition of a basic financial instrument, are measured at fair value through profit and loss account.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and aremeasured subsequently at amortised cost using the effective interest method.
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.10. Leases
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 12)
14 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 223,318 494,980 181,022 899,320
Additions - 8,630 133,976 142,606
Disposals - (169,373 ) (166,254 ) (335,627 )
As at 31 December 2023 223,318 334,237 148,744 706,299
Depreciation
As at 1 January 2023 223,318 426,806 126,935 777,059
Provided during the period - 38,439 30,348 68,787
Disposals - (169,309 ) (73,152 ) (242,461 )
As at 31 December 2023 223,318 295,936 84,131 603,385
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2023 - 38,301 64,613 102,914
As at 1 January 2023 - 68,174 54,087 122,261
5. Stocks
2023 2022
£ £
Finished goods 1,584,944 2,020,977
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,046,503 1,766,524
Amounts owed by group undertakings - 1,363
Other debtors 147,755 156,375
1,194,258 1,924,262
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,008 18,915
Amounts owed to group undertakings 1,702 -
Other creditors 322,615 314,183
Taxation and social security 522,770 691,761
868,095 1,024,859
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Edmund Cotterell 59,966 6,460 21,155 - 45,271
Interest has been charged on overdrawn directors loan accounts at the approved HM Revenue & Customs rate.
10. Ultimate Controlling Party
The company's ultimate parent company is Hameur SA of 40 Rangwee L-2412 Luxembourg.
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Page 5
11. Audit Information
The auditors report on the account of Robot-Coupe (UK) Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Frank Harling (Senior Statutory Auditor) for and on behalf of Ward Williams Limited , Statutory Auditor
Ward Williams Limited
Chartered Accountants and Statutory Auditors
Belgrave House
39-43 Monument Hill
Weybridge, Surrey
KT13 8RN
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