REGISTERED NUMBER: 04019735 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Gattefosse (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J W Jones

Mr E P Joszas De Purgly

Mr M W Walker

Ms S Moyrand

REGISTERED OFFICE:

Moorcrofts LLP

Thames House

Mere Park, Dedmere Road

Marlow

Buckinghamshire

SL7 1PB

REGISTERED NUMBER:

04019735 (England and Wales)

AUDITORS:

WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Tangible assets

4

5,114

8,318

CURRENT ASSETS

Stocks

191,525

370,606

Debtors

5

713,425

767,172

Cash at bank and in hand

922,360

675,343

1,827,310

1,813,121

CREDITORS

Amounts falling due within one year

6

(901,320

)

(897,464

)

NET CURRENT ASSETS

925,990

915,657

TOTAL ASSETS LESS CURRENT LIABILITIES

931,104

923,975

PROVISIONS FOR LIABILITIES

(1,278

)

(2,079

)

NET ASSETS

929,826

921,896

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

924,826

916,896

SHAREHOLDERS' FUNDS

929,826

921,896

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 March 2025 and were signed on its behalf by:

Mr M W Walker - Director

1.	STATUTORY INFORMATION

Gattefosse (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.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates. The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.

Bad debt provisions

Provisions are estimated by the company in respect of specific debts based upon the age of the debt and knowledge of human issues.

Stock provisions

Provisions are estimated by the company in respect of specific stocks based upon the age of the stock and knowledge of human issues.

Turnover

Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales. Sales recognised on delivery of goods to the customer.

Tangible fixed assets

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

Equipment - 25% straight line

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

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.

Cash flow statement

The company has taken advantage of the exemption conferred by Section 1A of FRS 102 not to prepare a cash flow statement on the grounds that it is a 'small' company under Companies Act 2006.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

14,301

Additions

233

At 31 December 2024

14,534

DEPRECIATION

At 1 January 2024

5,983

Charge for year

3,437

At 31 December 2024

9,420

NET BOOK VALUE

At 31 December 2024

5,114

At 31 December 2023

8,318

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

610,246

678,604

Other debtors

103,179

88,568

713,425

767,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

37,310

136,447

Amounts owed to joint ventures

231,377

294,859

Taxation and social security

387,995

270,502

Other creditors

244,638

195,656

901,320

897,464

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

The Report of the Auditors was unqualified.

Philippa Duckworth (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

8.	ULTIMATE CONTROLLING PARTY

The company is a joint arrangement between MSBW Limited, a company incorporated in England, and Gattefosse Holding SA, a company incorporated in France. MSBW Limited owns the ordinary B shares,representing 40% of the share capital, whilst Gattefosse Holding SA owns the ordinary A shares, totalling 60% of the share capital.