Company registration number: 3704685
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DIRECTORS' REPORT AND FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 DECEMBER 2024
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CONTOUR DESIGN (EUROPE) LIMITED
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CONTOUR DESIGN (EUROPE) LIMITED
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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CONTOUR DESIGN (EUROPE) LIMITED
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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CONTOUR DESIGN (EUROPE) LIMITED
REGISTERED NUMBER:3704685
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors due within 1 year
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Debtors due after more than 1 year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 income and retained earnings 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:
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Miss M Iversen
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CONTOUR DESIGN (EUROPE) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Contour Design (Europe) Limited is a private company limited by shares, incorporated in England & Wales under the Companies Act. The address of the registered office and principal place of business is disclosed on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The financial statements have been prepared on a going concern basis which the Director considers to be appropriate.
In the consideration of the going concern basis the directors have considered a period of 12 months from the approval of these financial statements and any events that could impact on future cash flows
The parent company Contour Design Nordic A/S, have confirmed that they will continue to provide financial support to the Company so as to enable it to meet its liabilities as they as they fall due for a period of twelve months from the date of signing of the financial statements. They have also confirmed that they have no intentions to leave the UK market.
The director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
The turnover shown in the profit and loss account represents amounts receivable from the parent company in relation to marketing services provided to its parent company Contour Design Nordic A/S during the year.
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CONTOUR DESIGN (EUROPE) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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The average monthly number of employees, including directors, during the year was 2 (2023 -2).
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CONTOUR DESIGN (EUROPE) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTOUR DESIGN (EUROPE) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Due after more than one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Related party transactions
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As the company is a wholly owned subsidiary, it has taken advantage of the FRS 102 exemption of disclosing transactions with the parent company.
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The parent of the smallest group for which consolidated financial statements are drawn up is Contour Design Nordic A/S, incorporated in Denmark. The address of the registered office is: Borupvang 5B, st.tv. 2750 Ballerup, Denmark.
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 6 March 2025 by Sarah Hallam FCCA (Senior statutory auditor) on behalf of Menzies LLP.
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