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REGISTERED NUMBER: 07259134 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PERIGON UK LIMITED

PERIGON UK LIMITED (REGISTERED NUMBER: 07259134)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PERIGON UK LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTOR: S H M Schmitz





REGISTERED OFFICE: Unit 5 Abbey Business Park
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 07259134 (England and Wales)

PERIGON UK LIMITED (REGISTERED NUMBER: 07259134)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376,047 379,580

CURRENT ASSETS
Stocks 20,911 232,678
Debtors 119,440 229,572
Cash at bank 40,100 9,526
180,451 471,776
CREDITORS
Amounts falling due within one year 1,669,433 1,053,303
NET CURRENT LIABILITIES (1,488,982 ) (581,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,112,935

)

(201,947

)

CREDITORS
Amounts falling due after more than one year (15,876 ) (33,196 )

PROVISIONS FOR LIABILITIES - (80,000 )
NET LIABILITIES (1,128,811 ) (315,143 )

CAPITAL AND RESERVES
Called up share capital 247 247
Share premium 119,213 119,213
Capital contribution 840,808 840,808
Retained earnings (2,089,079 ) (1,275,411 )
(1,128,811 ) (315,143 )

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 15 March 2025 and were signed by:





S H M Schmitz - Director


PERIGON UK LIMITED (REGISTERED NUMBER: 07259134)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Perigon 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is reliant upon support from the parent company and other group companies, who will continue to provide the necessary finance to enable the company to meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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 represents sales of printing services, sales of printing equipment and re-invoicing of intercompany expenses as well as printing services, all excluding value added tax.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements-10 years
Plant and machinery-7 years
Office and computer equipment-4 years
Furniture and fixtures-8 years
Tangible assets under construction-No depreciation

Stocks
Ink and printing consumables are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Printing equipment is stated at the lower of cost and estimated selling price. Cost includes all costs of purchase, including costs to bring the equipment to its present location and condition. An impairment review is conducted by management at each year end in order to identify damaged, obsolete and slow-moving stock.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.


PERIGON UK LIMITED (REGISTERED NUMBER: 07259134)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged to the profit and loss account 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 are charged to the profit and loss in the period to which they relate.

Provisions
Provisions are recognised when there is a present obligation from past events, there is a probable outflow of resources and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 522,342
Additions 124,326
Disposals (25,681 )
At 31 December 2024 620,987
DEPRECIATION
At 1 January 2024 142,762
Charge for year 109,285
Eliminated on disposal (7,107 )
At 31 December 2024 244,940
NET BOOK VALUE
At 31 December 2024 376,047
At 31 December 2023 379,580

PERIGON UK LIMITED (REGISTERED NUMBER: 07259134)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 17,320 17,320
Between one and five years 15,876 33,196
33,196 50,516

Non-cancellable operating leases
2024 2023
£    £   
Within one year 153,465 172,224
Between one and five years 274,460 407,993
427,925 580,217

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

The Report of the Auditors was unqualified.

Katharine Halsall (Senior Statutory Auditor)
for and on behalf of Caldwell Penn Limited, Statutory Auditor

7. RELATED PARTY DISCLOSURES

On 31 December 2024, the following amounts were owed to related parties:

Perigon GmbH - £1,437,070 (2023:£716,025)
SIHL GmbH - £8,037 (2023:£41,363)

8. ULTIMATE CONTROLLING PARTY

The director considers SIHL I Holding AG (incorporated in Switzerland) to be the Ultimate Controlling Party.

SIHL I Holding AG is the parent company for both the smallest and largest group in which the company is a member and for which consolidated financial statements are prepared. The registered office and principal place of business of SIHL I Holding AG is: Schermenweg 151, CH-3072 Ostermundigen, Bern, Switzerland.

9. DEFERRED TAX ASSET

No deferred tax asset has been recognised in these financial statements in respect of tax losses. This is due to the uncertainty as to when the asset will be recovered, which will depend upon the company's future taxable profits. There are tax losses carried forward of approximately £2,488,000 (2023 - £1,654,500), which if provided for would result in a deferred tax asset of approximately £472,500 (2023 - £314,350).

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.