IRIS Accounts Production v24.2.0.383 04314239 Board of Directors 1.1.24 31.12.24 31.12.24 28.1.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043142392023-12-31043142392024-12-31043142392024-01-012024-12-31043142392022-12-31043142392023-01-012023-12-31043142392023-12-3104314239ns15:EnglandWales2024-01-012024-12-3104314239ns14:PoundSterling2024-01-012024-12-3104314239ns10:Director12024-01-012024-12-3104314239ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104314239ns10:SmallEntities2024-01-012024-12-3104314239ns10:Audited2024-01-012024-12-3104314239ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104314239ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104314239ns10:FullAccounts2024-01-012024-12-3104314239ns10:OrdinaryShareClass12024-01-012024-12-3104314239ns10:Director22024-01-012024-12-3104314239ns10:RegisteredOffice2024-01-012024-12-3104314239ns5:CurrentFinancialInstruments2024-12-3104314239ns5:CurrentFinancialInstruments2023-12-3104314239ns5:ShareCapital2024-12-3104314239ns5:ShareCapital2023-12-3104314239ns5:RetainedEarningsAccumulatedLosses2024-12-3104314239ns5:RetainedEarningsAccumulatedLosses2023-12-310431423912024-01-012024-12-3104314239ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3104314239ns5:FurnitureFittings2023-12-3104314239ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-3104314239ns5:FurnitureFittings2024-01-012024-12-3104314239ns5:LongLeaseholdAssetsns5:LandBuildings2024-12-3104314239ns5:FurnitureFittings2024-12-3104314239ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3104314239ns5:FurnitureFittings2023-12-3104314239ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104314239ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104314239ns5:WithinOneYear2024-12-3104314239ns5:WithinOneYear2023-12-3104314239ns5:BetweenOneFiveYears2024-12-3104314239ns5:BetweenOneFiveYears2023-12-3104314239ns5:AllPeriods2024-12-3104314239ns5:AllPeriods2023-12-3104314239ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 04314239 (England and Wales)














Audited Financial Statements for the Year Ended 31 December 2024

for

EGLO UK LIMITED

EGLO UK LIMITED (REGISTERED NUMBER: 04314239)






Contents of the Financial Statements
for the year ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EGLO UK LIMITED

Company Information
for the year ended 31 DECEMBER 2024







DIRECTORS: S J Derbyshire
R Tiefenbacher





REGISTERED OFFICE: 54 Denington Road
Denington Industrial Estate
Wellingborough
Northamptonshire
NN8 2QH





REGISTERED NUMBER: 04314239 (England and Wales)





AUDITORS: Elsby & Co (Sywell) Ltd
Statutory Auditors
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

EGLO UK LIMITED (REGISTERED NUMBER: 04314239)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,108 132,951

CURRENT ASSETS
Stocks 556,131 274,540
Debtors 5 672,222 546,306
Cash at bank 243,406 169,136
1,471,759 989,982
CREDITORS
Amounts falling due within one year 6 762,290 342,443
NET CURRENT ASSETS 709,469 647,539
TOTAL ASSETS LESS CURRENT LIABILITIES 832,577 780,490

PROVISIONS FOR LIABILITIES 1,653 1,653
NET ASSETS 830,924 778,837

CAPITAL AND RESERVES
Called up share capital 8 750,000 750,000
Retained earnings 80,924 28,837
SHAREHOLDERS' FUNDS 830,924 778,837

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





S J Derbyshire - Director


EGLO UK LIMITED (REGISTERED NUMBER: 04314239)

Notes to the Financial Statements
for the year ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Eglo UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements require the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity , or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Fixtures and equipment are held at cost less accumulated depreciation and any recognised provision for impairment. Cost includes the purchase price of the asset and the costs attributable to bringing the asset to its working condition and its intended use.

Depreciation is calculated to write down the cost of the assets to their residual values, on a straight-line basis, using the following rates:

-Fixtures and equipment - 3 years, or over the lease term

Capital work in progress is not depreciated.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans and investments in non-puttable ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


EGLO UK LIMITED (REGISTERED NUMBER: 04314239)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Functional and presentational currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the Directors have carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern.

Based on this assessment, the Directors consider that the company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the Directors consider that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The Directors are therefore satisfied and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. These financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

EGLO UK LIMITED (REGISTERED NUMBER: 04314239)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Assets in and
progress fittings Totals
£    £    £   
COST
At 1 January 2024 113,818 172,463 286,281
Additions - 30,698 30,698
Disposals - (103,058 ) (103,058 )
Reclassification/transfer (113,818 ) 113,818 -
At 31 December 2024 - 213,921 213,921
DEPRECIATION
At 1 January 2024 - 153,330 153,330
Charge for year - 41,686 41,686
Eliminated on disposal - (104,203 ) (104,203 )
At 31 December 2024 - 90,813 90,813
NET BOOK VALUE
At 31 December 2024 - 123,108 123,108
At 31 December 2023 113,818 19,133 132,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 607,921 475,139
Amounts owed by group undertakings 2,150 519
Other debtors 62,151 70,648
672,222 546,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,127 73,992
Amounts owed to group undertakings 513,681 89,583
Taxation and social security 147,157 98,831
Other creditors 60,325 80,037
762,290 342,443

EGLO UK LIMITED (REGISTERED NUMBER: 04314239)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 85,333 97,667
Between one and five years 173,667 259,000
259,000 356,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750,000 Ordinary £1 750,000 750,000

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

The Report of the Auditors was unqualified.

Mr Carl Elsby (Senior Statutory Auditor)
for and on behalf of Elsby & Co (Sywell) Ltd

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 2,000

11. RELATED PARTY DISCLOSURES

The Company has taken advantage of the provisions available under section 33.1A of FRS 102 section 1A not to report transactions with wholly owned group members.

12. ULTIMATE CONTROLLING PARTY

Eglo Leuchten GmbH, a company incorporated and registered in Austria, is the parent company of the smallest group for which consolidated financial statements are prepared. The parent company's registered office is Heiligkreuz 22, 6136 Pill, Austria.