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REGISTERED NUMBER: 13459365 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Chropynska UK Ltd

Chropynska UK Ltd (Registered number: 13459365)






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


Chropynska UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Salazar Frutos





REGISTERED OFFICE: Unit 70
Shrivenham Hundred Business Park
Majors Road, Watchfield
Swindon
Wiltshire
SN6 8TY





REGISTERED NUMBER: 13459365 (England and Wales)

Chropynska UK Ltd (Registered number: 13459365)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,518 2,024
Tangible assets 5 117,187 143,494
118,705 145,518

CURRENT ASSETS
Stocks - 20,750
Debtors 6 508,860 426,578
Cash at bank 167,779 316,442
676,639 763,770
CREDITORS
Amounts falling due within one year 7 322,020 451,465
NET CURRENT ASSETS 354,619 312,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,324

457,823

CREDITORS
Amounts falling due after more than one
year

8

(428,870

)

(428,870

)

PROVISIONS FOR LIABILITIES (7,235 ) (4,133 )
NET ASSETS 37,219 24,820

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,119 24,720
37,219 24,820

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 director acknowledges his 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.

Chropynska UK Ltd (Registered number: 13459365)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





R Salazar Frutos - Director


Chropynska UK Ltd (Registered number: 13459365)

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

1. STATUTORY INFORMATION

Chropynska 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.

Related party exemption
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.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts (excluding value added tax) derived from the project management costs and is recognised in accordance with Work in progress and long-term contracts above. Revenue is recognised over time when the customer simultaneously receives/consumes as the entity performs, for example, Research and Development. The amount of revenue recognised is based on the input method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on straight line basis
Motor vehicles - Straight line over 7 years
Computer equipment - Straight line basis over 3-5 years

Work in progress and long-term contracts
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The company provides Project Management Services to its customers. The company accounts for the costs of un-invoiced work as work in progress. Any payment received from the customer for this work is deducted from work in progress.

The amount of profit attributable to the stage of completion of a long-term contract is recognised when the outcome of the contract can be foreseen with reasonable certainty. Turnover for such contracts is stated at the cost appropriate to their stage of completion plus attributable profits, less amounts recognised in previous years. Provision is made for any losses as soon as they are foreseen.

Contract work in progress is stated at costs incurred, less that transferred to the profit and loss account, after deducting foreseeable losses and payments on account not matched with turnover.
Amounts recoverable on contracts are included in debtors and represent turnover recognised more than payments on account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Chropynska UK Ltd (Registered number: 13459365)

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

2. ACCOUNTING POLICIES - continued

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

The company operates a defined contribution scheme for the benefit of its employees. The company is a member of the Government Pension NEST. The pension costs charged against profits represent the amount of the contributions payable to the scheme in respect of the accounting year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 2,530
AMORTISATION
At 1 January 2023 506
Amortisation for year 506
At 31 December 2023 1,012
NET BOOK VALUE
At 31 December 2023 1,518
At 31 December 2022 2,024

Chropynska UK Ltd (Registered number: 13459365)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,950 25,057 122,900 29,393 183,300
Additions - 6,180 - 1,461 7,641
At 31 December 2023 5,950 31,237 122,900 30,854 190,941
DEPRECIATION
At 1 January 2023 893 5,703 23,201 10,009 39,806
Charge for year 1,190 5,968 17,557 9,233 33,948
At 31 December 2023 2,083 11,671 40,758 19,242 73,754
NET BOOK VALUE
At 31 December 2023 3,867 19,566 82,142 11,612 117,187
At 31 December 2022 5,057 19,354 99,699 19,384 143,494

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 482,018 413,812
Prepayments 26,842 12,766
508,860 426,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,990 45,267
Social security and other taxes 50,644 28,716
VAT 7,091 431
Other creditors 5,834 46,878
Accruals and deferred income 190,461 330,173
322,020 451,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 428,870 428,870