DOOSAN BOBCAT UK LTD.

Company Registration Number:
06374674 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

DOOSAN BOBCAT UK LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DOOSAN BOBCAT UK LTD.

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activities of the company are the sale of machinery and associated parts and attachments for the construction and related industries, together with income earned from servicing sold machines.

Company policy on disabled employees

The company’s policy is to give full and fair consideration to the recruitment of disabled persons having regard to their particular aptitudes and abilities. Appropriate training will be arranged for disabled persons. The company’s personnel policies ensure that all its employees are made aware, on a regular basis, of the company’s policies, programmes and progress. Within the bounds of commercial confidentiality, information is disseminated to all levels of staff about matters that affect the progress of the company and are of interest and concern to them as employees.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Andrew Michael Hatton
Dong Hyuk Kim


Secretary Andrew Michael Hatton

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 September 2024

And signed on behalf of the board by:
Name: Dong Hyuk Kim
Status: Director

DOOSAN BOBCAT UK LTD.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 18,860,000 20,201,000
Cost of sales: ( 17,226,000 ) ( 18,691,000 )
Gross profit(or loss): 1,634,000 1,510,000
Administrative expenses: ( 1,265,000 ) ( 1,123,000 )
Operating profit(or loss): 369,000 387,000
Interest receivable and similar income: 543,000 389,000
Interest payable and similar charges: ( 381,000 ) ( 145,000 )
Profit(or loss) before tax: 531,000 631,000
Tax: 193,000 ( 332,000 )
Profit(or loss) for the financial year: 724,000 299,000

DOOSAN BOBCAT UK LTD.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,000 1,000
Investments:   0 0
Total fixed assets: 2,000 1,000
Current assets
Stocks: 4 4,105,000 4,723,000
Debtors: 5 2,545,000 4,683,000
Cash at bank and in hand: 0 1,000
Investments:   0 0
Total current assets: 6,650,000 9,407,000
Creditors: amounts falling due within one year: 6 ( 3,224,000 ) ( 6,273,000 )
Net current assets (liabilities): 3,426,000 3,134,000
Total assets less current liabilities: 3,428,000 3,135,000
Total net assets (liabilities): 3,428,000 3,135,000
Capital and reserves
Called up share capital: 519,000 519,000
Share premium account: 31,000 31,000
Other reserves: 0 0
Profit and loss account: 2,878,000 2,585,000
Total Shareholders' funds: 3,428,000 3,135,000

The notes form part of these financial statements

DOOSAN BOBCAT UK LTD.

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Dong Hyuk Kim
Status: Director

The notes form part of these financial statements

DOOSAN BOBCAT UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

DOOSAN BOBCAT UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 10

DOOSAN BOBCAT UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 24,000 24,000 27,000 75,000
Additions 3,000 3,000
Disposals
Revaluations
Transfers
At 31 December 2023 27,000 24,000 27,000 78,000
Depreciation
At 1 January 2023 24,000 23,000 27,000 74,000
Charge for year 1,000 1,000 2,000
On disposals
Other adjustments
At 31 December 2023 25,000 24,000 27,000 76,000
Net book value
At 31 December 2023 2,000 0 0 2,000
At 31 December 2022 0 1,000 0 1,000

DOOSAN BOBCAT UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 4,105,000 4,723,000
Total 4,105,000 4,723,000

DOOSAN BOBCAT UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,665,000 3,699,000
Prepayments and accrued income 574,000 713,000
Other debtors 306,000 271,000
Total 2,545,000 4,683,000
Debtors due after more than one year: 0 0

DOOSAN BOBCAT UK LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Trade creditors 114,000 128,000
Taxation and social security 95,000 159,000
Accruals and deferred income 246,000 209,000
Other creditors 2,769,000 5,777,000
Total 3,224,000 6,273,000