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REGISTERED NUMBER: 03714319 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ORWAK EASI UK LIMITED

ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

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


ORWAK EASI UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P F Jaginder
P B R Sjoqvist
I Millington





SECRETARY: N J Conner





REGISTERED OFFICE: Hag Lane
Tholthorpe
York
North Yorkshire
YO61 1ST





REGISTERED NUMBER: 03714319 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,892,120 2,930,427
2,892,120 2,930,427

CURRENT ASSETS
Stocks 601,731 677,161
Debtors 6 886,482 796,831
Cash at bank 305,377 377,279
1,793,590 1,851,271
CREDITORS
Amounts falling due within one year 7 1,245,907 1,481,761
NET CURRENT ASSETS 547,683 369,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,439,803

3,299,937

CREDITORS
Amounts falling due after more than one
year

8

(1,483,179

)

(1,439,589

)

PROVISIONS FOR LIABILITIES 11 (227,529 ) (243,384 )
NET ASSETS 1,729,095 1,616,964

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,719,095 1,606,964
1,729,095 1,616,964

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





P B R Sjoqvist - Director


ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Orwak Easi 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Related party exemption
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.

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

Goodwill
Goodwill initially measured at cost. After initial recognition, goodwill is measured at cost less accumulated amortisation.

The investments in goodwill are amortised over a period of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - at varying rates on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The company amended the calculation of its stock obsolescence provision in an earlier period to ensure it is consistent with the wider group to which it is a part of.


ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 500,000
AMORTISATION
At 1 January 2024
and 31 December 2024 500,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 124,110 4,562,347 2,417
Additions - 628,043 -
Disposals - (511,474 ) -
At 31 December 2024 124,110 4,678,916 2,417
DEPRECIATION
At 1 January 2024 101,133 1,702,446 1,541
Charge for year 4,080 406,570 153
Eliminated on disposal - (263,120 ) -
At 31 December 2024 105,213 1,845,896 1,694
NET BOOK VALUE
At 31 December 2024 18,897 2,833,020 723
At 31 December 2023 22,977 2,859,901 876

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 104,605 26,160 4,819,639
Additions - 8,838 636,881
Disposals - - (511,474 )
At 31 December 2024 104,605 34,998 4,945,046
DEPRECIATION
At 1 January 2024 65,806 18,286 1,889,212
Charge for year 13,066 2,965 426,834
Eliminated on disposal - - (263,120 )
At 31 December 2024 78,872 21,251 2,052,926
NET BOOK VALUE
At 31 December 2024 25,733 13,747 2,892,120
At 31 December 2023 38,799 7,874 2,930,427

ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 774,711 663,242
Other debtors 111,771 133,589
886,482 796,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 38,998 109,604
Trade creditors 459,572 695,241
Taxation and social security 269,193 255,246
Other creditors 478,144 421,670
1,245,907 1,481,761

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 12,315
Other creditors 1,483,179 1,427,274
1,483,179 1,439,589

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 38,998 109,604
Between one and five years - 12,315
38,998 121,919

Non-cancellable operating leases
2024 2023
£    £   
Within one year 149,766 128,055
Between one and five years 81,014 75,077
230,780 203,132

ORWAK EASI UK LIMITED (REGISTERED NUMBER: 03714319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 38,998 121,919

Hire purchase creditors are secured against the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 227,529 243,384

Deferred
tax
£   
Balance at 1 January 2024 243,384
Utilised during year (15,855 )
Balance at 31 December 2024 227,529

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

The Report of the Auditors was unqualified.

Luke Edwards ACA FCCA (Senior Statutory Auditor)
for and on behalf of Prime

13. ULTIMATE PARENT COMPANY

The company's immediate parent undertaking is SULO Nordic Holding AB, a company incorporated in Sweden, and registered office Box 423, 581 04 Linkoping, Ostergotland, Sweden.

The ultimate parent company is SULO France SAS, a company incorporated in France.