Company Registration No. 11864329 (England and Wales)
Van Den Berk UK Limited
Annual report and financial statements
for the year ended 30 June 2024
Pages for filing with the registrar
Van Den Berk UK Limited
Contents
Page
Director's report
1
Statement of financial position
2
Notes to the financial statements
3 - 7
Van Den Berk UK Limited
Director's report
For the year ended 30 June 2024
1
The director presents his annual report and financial statements for the year ended 30 June 2024.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr P Van Den Berk
Auditor
Saffery LLP have expressed their willingness to continue in office.
Statement of director's responsibilities
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr P Van Den Berk
Director
8 October 2024
Van Den Berk UK Limited
Statement of financial position
As at 30 June 2024
30 June 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
102,939
92,998
Current assets
Stocks
4
197,727
251,707
Debtors
5
427,028
396,121
Cash at bank and in hand
133,165
122,773
757,920
770,601
Creditors: amounts falling due within one year
6
(655,839)
(716,750)
Net current assets
102,081
53,851
Total assets less current liabilities
205,020
146,849
Provisions for liabilities
(18,415)
(23,249)
Net assets
186,605
123,600
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
186,505
123,500
Total equity
186,605
123,600
The director of the company has elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 October 2024.
Mr P Van Den Berk
Director
Company Registration No. 11864329
Van Den Berk UK Limited
Notes to the financial statements
For the year ended 30 June 2024
3
1
Accounting policies
Company information
Van Den Berk UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Leeds Road, Mirfield, England, WF14 0BY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
12.5% - 20% per annum on cost
Motor vehicles
20% per annum on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Van Den Berk UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
4
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Van Den Berk UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
5
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including director) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
132,034
132,034
Additions
35,708
35,708
At 30 June 2024
132,034
35,708
167,742
Depreciation and impairment
At 1 July 2023
39,036
39,036
Depreciation charged in the year
19,875
5,892
25,767
At 30 June 2024
58,911
5,892
64,803
Carrying amount
At 30 June 2024
73,123
29,816
102,939
At 30 June 2023
92,998
92,998
Van Den Berk UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
6
4
Stocks
2024
2023
£
£
Stocks
197,727
251,707
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
260,522
357,819
Amounts owed by group undertakings
123,828
Other debtors
42,678
38,302
427,028
396,121
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
17,049
17,182
Amounts owed to group undertakings
73,762
Corporation tax
25,837
16,352
Other taxation and social security
43,343
66,850
Other creditors
569,610
542,604
655,839
716,750
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Ross Lomas
Statutory Auditors:
Saffery LLP
Date of audit report:
8 October 2024
Van Den Berk UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
7
9
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Within one year
12,750
11,750
Between two and five years
17,250
30,000
30,000
41,750
10
Parent company
The ultimate parent undertaking at 30 June 2023 was Van Den Berk Onroerend Goed B.V, a company registered in the Netherlands. The registered address is Donderdonk 4, Sint-Oedenrode, Netherlands, 5492 VJ.