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Registered number: 14502503










ACANDIS UK LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
ACANDIS UK LIMITED
REGISTERED NUMBER: 14502503

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
531

Cash at bank and in hand
 5 
8,642

  
9,173

Creditors: amounts falling due within one year
 6 
(81,182)

Net current (liabilities)/assets
  
 
 
(72,009)

Total assets less current liabilities
  
(72,009)

  

Net (liabilities)/assets
  
(72,009)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(72,109)

  
(72,009)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A F Schüssler
Director

Date: 18 December 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ACANDIS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Acandis UK Limited is a private limited company, which is limited by shares incorporated in England and Wales with registration number 14502503. The registered office is 22b Chapel Market, London, N1 9EZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The company has made a loss of £72,109 during the year. The parent company Acandis International GmbH has agreed to provide support and has confirmed to the company that it will make available sufficient financial resources as required to enable the company to meet its short term liabilites as they fall due for a period of at least 12 months from the date of approval of these financial statements.
In conclusion, the directors consider that the company will have adequate cash and other liquid resources to meet its commitments, and therefore the financial statements are appropriately prepared on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
ACANDIS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2023
£

Wages and salaries
32,850

Social security costs
3,663

Cost of defined contribution scheme
1,665

38,178


The average monthly number of employees, including directors, during the period was 3.


4.


Debtors

2023
£


Other debtors
431

Called up share capital not paid
100

531



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
8,642

8,642


Page 3

 
ACANDIS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
158

Amounts owed to group undertakings
62,934

Other taxation and social security
1,759

Other creditors
293

Accruals and deferred income
16,038

81,182



7.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 ordinary shares at nominal value of £1.00 were issued on incorporation.  


8.


Pension commitments

The Company operates a defined contribution pension retirement benefit scheme for all qualifying employees. The assets of the scheme are held separtely from those of the Company in an independently administered fund.
The total pension charge for the year ended 31 December 2023 is £1,665, and represents contributions payable to the scheme by the Company. At 31 December 2023, £293 was due to be paid.


9.


Related party transactions

The company has taken advantage of the exemption available to not disclose transactions with wholly owned members of the group by virtue of FRS 102 section 33.1A.


10.


Controlling party

The immediate parent undertaking of the company is Acandis International GmbH, registered in Germany, by virtue of their 100% shareholding.
The ultimate parent holding of the Company is Acandis GmbH, registered in Germany.
The consolidated statements of Acandis Gmbh are publically available from their registered office. 

Page 4

 
ACANDIS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 15 January 2025 by Michael Bath BSc FCA DCha (Senior statutory auditor) on behalf of James Cowper Kreston Audit LLP.


Page 5