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Registration number: 14158696

Raiden Charging UK Ltd

trading as ChargeGuru UK

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

Company Information

Directors

Denis Watling

Nicholas Banchet

Giles Gomis

Company secretary

SISEC Limited

Registered office

21 Holborn Viaduct
London
EC1A 2DY

 

Accountants

SKP Tax & Accounting Services Ltd
t/a AIMS Accountants for Business
17 Mileway Gardens
Headington
Oxford
OX3 7XH

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

(Registration number: 14158696)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

23,311

2,682

Current assets

 

Stocks

5

4,455

-

Debtors

6

234,051

37,086

Cash at bank and in hand

 

10,579

6,826

 

249,085

43,912

Creditors: Amounts falling due within one year

7

(912,976)

(161,481)

Net current liabilities

 

(663,891)

(117,569)

Net liabilities

 

(640,580)

(114,887)

Capital and reserves

 

Called up share capital

8

10,000

10,000

Retained earnings

(650,580)

(124,887)

Shareholders' deficit

 

(640,580)

(114,887)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 September 2024 and signed on its behalf by:
 

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

(Registration number: 14158696)
Balance Sheet as at 31 December 2023

.........................................
Denis Watling
Director

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Holborn Viaduct
London
EC1A 2DY
United Kingdom
 

Raiden Charging UK Ltd is a wholly owned subsidiary of Raiden SAS (a company registered in France). Raiden SAS is a wholly owned subsidiary of Zeplug SAS (a company registered in France).
 

These financial statements were authorised for issue by the Board on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

Plant and Machinery

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 1).

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

-

3,576

3,576

Additions

23,696

4,703

28,399

At 31 December 2023

23,696

8,279

31,975

Depreciation

At 1 January 2023

-

894

894

Charge for the year

5,924

1,846

7,770

At 31 December 2023

5,924

2,740

8,664

Carrying amount

At 31 December 2023

17,772

5,539

23,311

At 31 December 2022

-

2,682

2,682

5

Stocks

2023
£

2022
£

Other inventories

4,455

-

6

Debtors

Note

2023
£

2022
£

Other debtors

 

52,798

5,461

Prepayments

 

22,928

1,449

Deferred tax assets

158,325

30,176

 

234,051

37,086

7

Creditors

Creditors: amounts falling due within one year

 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

891,602

147,379

Taxation and social security

 

3,904

9,647

Accruals and deferred income

 

2,950

2,950

Other creditors

 

14,520

1,505

 

912,976

161,481

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £0.10 each

100,000

10,000

100,000

10,000

       
 

Raiden Charging UK Ltd

trading as ChargeGuru UK

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

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

246,598

57,065

Contributions paid to money purchase schemes

7,750

1,250

254,348

58,315

Summary of transactions with parent

Raiden SAS
 

Loans from related parties

2023

Parent
£

Total
£

At start of period

147,379

147,379

Advanced

744,223

744,223

At end of period

891,602

891,602

2022

Parent
£

Total
£

Advanced

147,379

147,379

At end of period

147,379

147,379