IRIS Accounts Production v24.3.0.553 14163587 director 1.1.23 31.12.23 31.12.23 9.10.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141635872022-12-31141635872023-12-31141635872023-01-012023-12-31141635872022-06-09141635872022-06-102022-12-31141635872022-12-3114163587ns14:PoundSterling2023-01-012023-12-3114163587ns10:Director12023-01-012023-12-3114163587ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3114163587ns10:SmallEntities2023-01-012023-12-3114163587ns10:Audited2023-01-012023-12-3114163587ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3114163587ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3114163587ns10:FullAccounts2023-01-012023-12-3114163587ns10:CompanySecretary12023-01-012023-12-3114163587ns10:RegisteredOffice2023-01-012023-12-3114163587ns5:CurrentFinancialInstruments2023-12-3114163587ns5:CurrentFinancialInstruments2022-12-3114163587ns5:ShareCapital2023-12-3114163587ns5:ShareCapital2022-12-3114163587ns5:RetainedEarningsAccumulatedLosses2023-12-3114163587ns5:RetainedEarningsAccumulatedLosses2022-12-3114163587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3114163587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3114163587ns5:CurrentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 14163587















EXOTEC LOGISTICS UK LTD

Financial Statements for the Year Ended 31 December 2023






EXOTEC LOGISTICS UK LTD (Registered number: 14163587)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 7


EXOTEC LOGISTICS UK LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Heitz





SECRETARY: Pramex International Ltd





REGISTERED OFFICE: 8th Floor South
11 Old Jewry
London
EC2R 8DU





REGISTERED NUMBER: 14163587





INDEPENDENT AUDITORS: PKF Littlejohn LLP
Statutory Auditor
15 Westferry Circus
Canary Wharf
London
E14 4HD

EXOTEC LOGISTICS UK LTD (Registered number: 14163587)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 28,625,896 3,022
Cash at bank 735,270 -
29,361,166 3,022
CREDITORS
Amounts falling due within one year 5 29,045,738 71,988
NET CURRENT ASSETS/(LIABILITIES) 315,428 (68,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,428

(68,966

)

CAPITAL AND RESERVES
Share capital 6 25,000 25,000
Profit and loss account 7 290,428 (93,966 )
SHAREHOLDERS' FUNDS 315,428 (68,966 )

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 comprehensive Income has not been delivered.

The financial statements were approved by the board of the director and authorised for issue on 9 October 2024 and were signed by:





R Heitz - Director


EXOTEC LOGISTICS UK LTD (Registered number: 14163587)

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

1. GENERAL INFORMATION

Exotec Logistics Uk Ltd is a private company, limited by shares, registered in England and
Wales. The company's registered number can be found on the Company Information page. The registered office address is 8t floor south, 11 old Jewry, London, EC2R 8DU

2. ACCOUNTING POLICIES

2.1 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.

All amounts are rounded to the nearest £.

The following principal accounting policies have been applied:

This information is included in the consolidated financial statements of Exotec SAS as at
31 December 2023 and these financial statements may be obtained from 251 Rue Jean Monnet, Croix, France, 59170.

2.2 Consolidated financial statements
The Company is a wholly owned subsidiary of Exotec SAS. It is a parent entity itself with a
subsidiary detailed in note 11.
This entity and its subsidiaries are included in the consolidated financial statements of Exotec SAS.

2.3 Going concern
The director has a reasonable expectation that the Company has adequate resources
to continue in operational existence for the foreseeable future and as such, consider it appropriate to prepare financial statements on the going concern basis.

2.4 Financial reporting standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

EXOTEC LOGISTICS UK LTD (Registered number: 14163587)

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

2. ACCOUNTING POLICIES - continued

2.5 Turnover
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are met:

• the amount of revenue can be measured reliably;
• It is probable the the Company will receive the consideration due under the contract;
• the stage of completion of contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Revenue for the sale of goods is recognised upon delivery.

2.6 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 balance sheet 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.

2.7 Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Amounts payable are classified as current
liabilities if payment is due within one year or less. If not, they are presented as non-current
liabilities. Trade creditors are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.

2.8 Cash and cash equivalent
Cash and cash equivalents are basic financial instruments and include cash in hand,and deposit held at all in bank

2.9 Debtors
Trade debtors are receivable at various dates over the coming months in accordance with the customary credit terms.

2.10 Finance cost
This relates to the interest payable by the company during the year end.

2.11 Finance income
This relates to the interest receivable by the company on amounts lent to group undertakings.

2.12 Pension costs
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.

EXOTEC LOGISTICS UK LTD (Registered number: 14163587)

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

2. ACCOUNTING POLICIES - continued

2.13 Foreign currencies translation

• Functional and presentational currency.
The Company's functional and presentational currency is GBP.

• Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents
are presented in the Statement of Comprehensive Income within 'finance income or costs'.
All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'administrative expenses'.

2.14 Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income
Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,021,957 -
Amounts owed by group undertakings 19,853,210 -
Other debtors 826,192 -
VAT 1,335,134 887
Accrued income and prepayments 589,403 2,135
28,625,896 3,022

The net amounts being the amounts owed by group undertakings pertains to intercompany loan with Exotec SAS subject to 1-month Euribor rate plus 2% per annum.

EXOTEC LOGISTICS UK LTD (Registered number: 14163587)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 232,397 4,392
Amounts owed to group undertakings 15,944,239 59,749
Tax 89,995 -
Social security and other taxes 30,540 366
Other creditors 2,000 -
Accruals 1,326,138 7,481
Accruals and deferred income 11,420,429 -
29,045,738 71,988

The net amounts being the amounts owed by group undertakings pertains to intercompany loan with Exotec SAS subject to 1-month Euribor rate plus 2% per annum.

6. SHARE CAPITAL

Allotted, and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
25,000 Ordinary £1 25,000 25,000

There is a simple class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital.

7. RESERVES

Capital Contribution
The contribution from parent comprises capital contributions made by the parent to the Company.

Profit and loss account
The profit and loss account comprises of profit and losses that have accumulated year-on-year since the Company began trading.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Zahir Khaki (Senior Statutory Auditor)
for and on behalf of PKF Littlejohn LLP

9. RELATED PARTY DISCLOSURES

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.

EXOTEC LOGISTICS UK LTD (Registered number: 14163587)

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

10. ULTIMATE CONTROLLING PARTY

The immediate parent company is EXOTEC SAS, a company registered in France whose registered address is 251 Rue Jean Monnet, Croix, France, 59170.