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REGISTERED NUMBER: 01300676 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SODIAAL UK LIMITED

SODIAAL UK LIMITED (REGISTERED NUMBER: 01300676)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SODIAAL UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I A Bastien
L Favreau
M Leygnier





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 01300676 (England and Wales)





AUDITORS: Azets Audit Services
Chartered Accountants
Statutory Auditor
5th Floor Ship Canal House
98 King Street
Manchester
M2 4WU

SODIAAL UK LIMITED (REGISTERED NUMBER: 01300676)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 - 136

CURRENT ASSETS
Stocks 23,663 22,547
Debtors 6 3,542,907 3,035,473
Cash at bank 1,179,411 1,777,036
4,745,981 4,835,056
CREDITORS
Amounts falling due within one year 7 4,144,209 4,265,461
NET CURRENT ASSETS 601,772 569,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,772

569,731

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 600,772 568,731
SHAREHOLDERS' FUNDS 601,772 569,731

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 11 March 2025 and were signed on its behalf by:





M Leygnier - Director


SODIAAL UK LIMITED (REGISTERED NUMBER: 01300676)

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


1. STATUTORY INFORMATION

Sodiaal 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 (£).


The company's place of business is 26-28 Hammersmith Grove, London, W6 7BA.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Computer equipment - 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


SODIAAL UK LIMITED (REGISTERED NUMBER: 01300676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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 the Income Statement in the period to which they relate.

DEBTORS AND CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2023
and 31 December 2023 5,857
DEPRECIATION
At 1 January 2023 5,721
Charge for year 136
At 31 December 2023 5,857
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 136

SODIAAL UK LIMITED (REGISTERED NUMBER: 01300676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Trade debtors 2,974,869 2,905,297
Amounts owed by group undertakings - 26,533
Other debtors 568,038 103,643
3,542,907 3,035,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Bank loans and overdrafts 6,785 -
Trade creditors 850,705 83,205
Amounts owed to group undertakings 3,264,219 4,095,808
Taxation and social security - 10,155
Other creditors 22,500 76,293
4,144,209 4,265,461

Included in amounts owed to group undertakings is a balance of £2,691,281 (2022: £2,298,878) representing a cash pooling facility with group companies and is repayable on demand. Interest at 1-month EURIBOR + 1.85% is payable on this balance.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£ £
1,000 Ordinary £1 1,000 1,000

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

The Report of the Auditors was unqualified.

Ashley Conway (Senior Statutory Auditor)
for and on behalf of Azets Audit Services

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions payable by the company for the year amounted to £32,077 (2022 - £20,160).

An amount of £nil (2022 - £nil) was outstanding at the balance sheet date.

11. OPERATING LEASE COMMITMENTS

The company has entered into an agreement for the provision of office space. The balance of the commitment at the year end 2023 is £4,041 (2022 - £5,003).

SODIAAL UK LIMITED (REGISTERED NUMBER: 01300676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

The immediate parent company is Candia SAS, a company incorporated in Paris, France. The ultimate controlling party is a cooperative named Sodiaal Union incorporated in Paris, France. The
financial statements of Sodiaal UK Limited are incorporated in the consolidated financial statements of
Candia SAS and the financial statements of Candia SAS are incorporated in the consolidated financial
statements of Sodiaal Union. The registered office of Candia SAS is 200-216 rue Raymond
Losserand, 75014 Paris, France. Copies of group accounts can be obtained from the registry at the
commercial court of Paris at 1 Quai de la Corse, 75004 Paris, France.