Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2022 1 January 2022 false 26 November 2024 1 January 2023 31 December 2023 31 December 2023 07328561 Mr J Marquez Borreguero Mr N Cohen Marsan Industrial S.A. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07328561 2022-12-31 07328561 2023-12-31 07328561 2023-01-01 2023-12-31 07328561 frs-core:CurrentFinancialInstruments 2023-12-31 07328561 frs-core:BetweenOneFiveYears 2023-12-31 07328561 frs-core:PlantMachinery 2023-12-31 07328561 frs-core:PlantMachinery 2023-01-01 2023-12-31 07328561 frs-core:PlantMachinery 2022-12-31 07328561 frs-core:WithinOneYear 2023-12-31 07328561 frs-core:ShareCapital 2023-12-31 07328561 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07328561 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07328561 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07328561 frs-bus:SmallEntities 2023-01-01 2023-12-31 07328561 frs-bus:Audited 2023-01-01 2023-12-31 07328561 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07328561 1 2023-01-01 2023-12-31 07328561 frs-bus:Director1 2023-01-01 2023-12-31 07328561 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07328561 frs-countries:EnglandWales 2023-01-01 2023-12-31 07328561 2021-12-31 07328561 2022-12-31 07328561 2022-01-01 2022-12-31 07328561 frs-core:CurrentFinancialInstruments 2022-12-31 07328561 frs-core:BetweenOneFiveYears 2022-12-31 07328561 frs-core:WithinOneYear 2022-12-31 07328561 frs-core:ShareCapital 2022-12-31 07328561 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07328561
Haverland UK Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Company Information 1
Statement of Financial Position 2
Notes to the Financial Statements 3—6
Page 1
Company Information
Director Mr J Marquez Borreguero
Secretary Mr N Cohen
Company Number 07328561
Registered Office Challenge House
Sherwood Drive
Bletchley
Milton Keynes
MK3 6DP
Accountants 7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU
Auditors Charlton Baker Limited
7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU
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Page 2
Statement of Financial Position
Registered number: 07328561
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,823 2,147
1,823 2,147
CURRENT ASSETS
Stocks 5 804,312 607,824
Debtors 6 424,130 917,791
Cash at bank and in hand 332,878 232,215
1,561,320 1,757,830
Creditors: Amounts Falling Due Within One Year 7 (1,774,328 ) (1,596,642 )
NET CURRENT ASSETS (LIABILITIES) (213,008 ) 161,188
TOTAL ASSETS LESS CURRENT LIABILITIES (211,185 ) 163,335
PROVISIONS FOR LIABILITIES
Deferred Taxation (346 ) (408 )
NET (LIABILITIES)/ASSETS (211,531 ) 162,927
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (211,532 ) 162,926
SHAREHOLDERS' FUNDS (211,531) 162,927
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J Marquez Borreguero
Director
25/11/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Haverland UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07328561 . The registered office is Challenge House, Sherwood Drive, Bletchley, Milton Keynes, MK3 6DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company requires the continued support of its parent company, Marsan Industrial S.A., which it currently has and it is anticipated that the existing arrangements will be reviewed annually. It is as a result of this support that the accounts have been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reduced Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.

2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.10. Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

2.11. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being
estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is
impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the
recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

2.12. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is
probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 5,123
As at 31 December 2023 5,123
Depreciation
As at 1 January 2023 2,976
Provided during the period 324
As at 31 December 2023 3,300
Net Book Value
As at 31 December 2023 1,823
As at 1 January 2023 2,147
5. Stocks
2023 2022
£ £
Finished goods 804,312 607,824
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 371,361 864,198
Other debtors 52,769 53,593
424,130 917,791
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,166,876 900,893
Other creditors 327,099 344,718
Taxation and social security 280,353 351,031
1,774,328 1,596,642
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Contingent Liabilities
The company provides guarantees on its products ranging from two to ten years. No provision has been made for the potential liability as it is matched by a contingent asset, as all items replaced under the guarantees are provided by Marsan Industrial S.A. at no cost to the company.
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 39,815 39,815
Later than one year and not later than five years 30,986 70,801
70,801 110,616
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
The company's ultimate controlling party is Marsan Industrial S.A. , a company incorporated in Spain, by virtue of his ownership of 100% of the issued share capital in the company.
13. Audit Information
The auditors report on the account of Haverland UK Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Grahame J Harbour (Senior Statutory Auditor) for and on behalf of Charlton Baker Limited , Statutory Auditor
Charlton Baker Limited
7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU
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