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REGISTERED NUMBER: 05482186 (England and Wales)
















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR


MINKELS UK LIMITED


MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024











Page



Company Information  

1



Report of the Directors  

2



Report of the Independent Auditors  

4



Income Statement  

7



Other Comprehensive Income  

8



Statement of Financial Position  

9



Statement of Changes in Equity  

10



Statement of Cash Flows  

11



Notes to the Statement of Cash Flows  

12



Notes to the Financial Statements

13




MINKELS UK LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024









DIRECTORS:

Y D Roullac


G Schrovenwever







REGISTERED OFFICE:

1 South House


Bond Avenue


Bletchley


Milton Keynes


Buckinghamshire


MK1 1SW







REGISTERED NUMBER:

05482186 (England and Wales)







AUDITORS:

Ad Valorem Audit Services Limited


Chartered Certified Accountants


& Statutory Auditors


2 Manor Farm Court


Old Wolverton Road


Old Wolverton


Milton Keynes


Buckinghamshire


MK12 5NN


MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2024



The directors present their report with the financial statements of the company for the year ended 31 December 2024.  


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the assembly and sale of computer cabinets for the data and telecommunications industries.

REVIEW OF BUSINESS

The company supplies high-quality solutions for data centre infrastructure.


The company has seen a fall in both turnover and margins this year, although the directors will continue to pursue strategies aimed at maintaining a steady growth in turnover and improving profitability.


The company's cash position is stable and the company has continuing support from its parent company.


DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.


FUTURE DEVELOPMENTS

The directors have increased the company's product portfolio and as a result are confident that the company's financial performance will continue to grow.


DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.


Y D Roullac

G Schrovenwever


STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2024



STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:






G Schrovenwever - Director



28 March 2025


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MINKELS UK LIMITED



Opinion

We have audited the financial statements of Minkels UK Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.


Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Report of the Directors has been prepared in accordance with applicable legal requirements.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MINKELS UK LIMITED



Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.


We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of directors' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.


Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


In our process of identifying fraud risks we assessed events or conditions that indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud ("fraud risk factors") to determine how fraud risks are relevant to our audit. Based on the auditing standards we addressed two fraud risks that were relevant to our audit, in relation to revenue recognition and management override of controls. Based upon our analysis of fraud risk factors, we have not identified any additional fraud risks.


Our audit procedures included an evaluation of the design, implementation as well as the operating effectiveness of internal controls relevant to mitigate these risks. We also performed substantive audit procedures, including detailed testing of high risk journal entries and procedures to satisfy ourselves that revenue has been properly recognised in the financial statements in accordance with financial reporting standards and the Company's accounting policies. Through these procedures, we did not identify any material actual or suspected incidences of fraud.


We have evaluated facts and circumstances in order to assess laws and regulations relevant to the Company. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general and sector experience, through discussion with the Directors and other management (as required by auditing standards) and discussed with the Directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MINKELS UK LIMITED



The potential effect of these laws and regulations on the financial statements varies considerably.


Firstly, the Company is subject to laws and regulations that directly affect the financial statements including taxation and financial reporting (including related company legislation) and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.


Secondly, the Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect:

- Employment legislation, reflecting the Company's workforce

- Health and safety regulation, reflecting the Company's production, distribution and operating processes

- Data privacy, reflecting the Company's management of personal and corporate data

- Environmental regulation, reflecting environmental impact restrictions, waste and contamination related to the Company's distribution and operating processes.


Auditing standards limit the required audit procedures to identify non-compliance with these regulations to enquiry of the Directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures we did not identify any material actual or suspected non-compliance in any of the above areas.


We note that our audit is not primarily designed to detect non-compliance with laws and regulations and the Directors and other management are responsible for such internal control as the Directors and other management of the Company determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to errors or fraud, including compliance with laws and regulations. Additionally, owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.


Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.





Darren Kerins FCCA (Senior Statutory Auditor)

for and on behalf of Ad Valorem Audit Services Limited

Chartered Certified Accountants

& Statutory Auditors

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN


28 March 2025


MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024


2024

2023



Notes

£

£


TURNOVER

4

2,993,473


4,489,643




Cost of sales

2,364,384


3,326,546



GROSS PROFIT

629,089


1,163,097




Administrative expenses

341,012


368,222



OPERATING PROFIT

6

288,077


794,875




Interest receivable and similar income

69,732


21,691



PROFIT BEFORE TAXATION

357,809


816,566




Tax on profit

7

90,744


193,518



PROFIT FOR THE FINANCIAL YEAR

267,065


623,048




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024


2024

2023



Notes

£

£


PROFIT FOR THE YEAR

267,065


623,048





OTHER COMPREHENSIVE INCOME

-


-



TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

267,065


623,048




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024


2024

2023



Notes

£

£

CURRENT ASSETS

Stocks

8

47,064


44,664



Debtors

9

1,832,643


2,368,370



Cash in hand

26


26



1,879,733


2,413,060



CREDITORS

Amounts falling due within one year

10

526,693


1,327,085



NET CURRENT ASSETS

1,353,040


1,085,975



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,353,040


1,085,975




CAPITAL AND RESERVES

Called up share capital

11

100,000


100,000



Retained earnings

12

1,253,040


985,975



SHAREHOLDERS' FUNDS

1,353,040


1,085,975




The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025  and were signed on its behalf by:






G Schrovenwever - Director



MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024


Called up



share

Retained

Total


capital

earnings

equity



£

£

£

Balance at 1 January 2023

100,000


362,927


462,927




Changes in equity

Total comprehensive income

-


623,048


623,048



Balance at 31 December 2023

100,000


985,975


1,085,975




Changes in equity

Total comprehensive income

-


267,065


267,065



Balance at 31 December 2024

100,000


1,253,040


1,353,040




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024


2024

2023



Notes

£

£

Cash flows from operating activities

Cash generated from operations

1

158,344


(4,680

)


Tax paid

(228,076

)

(17,011

)


Net cash from operating activities

(69,732

)

(21,691

)



Cash flows from investing activities

Interest received

69,732


21,691



Net cash from investing activities

69,732


21,691




Increase in cash and cash equivalents

-


-



Cash and cash equivalents at

beginning of year

2

26


26




Cash and cash equivalents at end of

year

2

26


26




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


NOTES TO THE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024



1.

RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM

OPERATIONS


2024

2023



£

£


Profit before taxation

357,809


816,566




Amounts owed to group

(1,541,753

)

293,856




Amounts owed by group

(327,032

)

457,565




Finance income

(69,732

)

(21,691

)


(1,580,708

)

1,546,296




(Increase)/decrease in stocks

(2,400

)

2,230




Decrease/(increase) in trade and other debtors

2,077,480


(2,031,259

)



(Decrease)/increase in trade and other creditors

(336,028

)

478,053




Cash generated from operations

158,344


(4,680

)



2.

CASH AND CASH EQUIVALENTS



The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:



Year ended 31 December 2024


31/12/24


1/1/24


£

£


Cash and cash equivalents

26


26




Year ended 31 December 2023


31/12/23


1/1/23


£

£


Cash and cash equivalents

26


26





3.

ANALYSIS OF CHANGES IN NET FUNDS



At 1/1/24

Cash flow

At 31/12/24


£

£

£


Net cash



Cash at bank and in hand

26


-


26



26


-


26




Total

26


-


26




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024



1.

STATUTORY INFORMATION



Minkels 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 Legrand Digital Infrastructures BU, Minkels UK, 4th floor, 25-26 Lime Street, London, EC3M 7HR, United Kingdom.


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" 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.



The financial statements have been prepared on a going concern basis which assumes that continuing support will be made available by the company's parent company to provide working capital and enable the company to meet its obligations as they fall due.



The effects of events in relation to the year which occurred before the date of approval of the financial statements by the directors, have been included in the statements to the extent required to show a true and fair view of the state of affairs at the statement of financial position date and of the results for the year ended on that date.



TURNOVER


The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale  is recognised when goods and services have been delivered and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.



STOCKS

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


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 except where settlement rates have been formally agreed in which cases these rates are used. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction, except where settlement rates have been formally agreed with the supplier in which case these rates are used. 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


MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024



3.

ACCOUNTING POLICIES - continued


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.



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.



TAX


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. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.



Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. it is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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.



Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date that are expected to apply to the reversal of timing differences. Deferred tax on non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.


4.

TURNOVER



The turnover and profit before taxation are attributable to the one principal activity of the company.



An analysis of turnover by geographical market is given below:


2024

2023



£

£


United Kingdom

2,980,786


4,489,643




Rest of the World

12,687


-



2,993,473


4,489,643




5.

EMPLOYEES AND DIRECTORS

2024

2023



£

£


Wages and salaries

191,618


196,945




Social security costs

16,846


19,688




Other pension costs

9,745


9,633



218,209


226,266




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024



5.

EMPLOYEES AND DIRECTORS - continued



The average number of employees during the year was as follows:

2024

2023




Directors

2


2




Administration

4


4



6


6




2024

2023



£

£


Directors' remuneration

-


-




6.

OPERATING PROFIT



The operating profit is stated after charging:


2024

2023



£

£


Other operating leases

25,915


32,983




Auditors' remuneration

7,350


7,000




Foreign exchange differences

641


4,538




7.

TAXATION



Analysis of the tax charge


The tax charge on the profit for the year was as follows:

2024

2023



£

£


Current tax:


UK corporation tax

90,744


193,518




Tax on profit

90,744


193,518





RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS


The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:


2024

2023



£

£


Profit before tax

357,809


816,566




Profit multiplied by the standard rate of corporation tax in the UK of

25% (2023 - 23.520%)  

89,452


192,056





Effects of:


Expenses not deductible for tax purposes

1,292


1,462




Total tax charge

90,744


193,518




MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024



8.

STOCKS

2024

2023



£

£


Stocks

47,064


44,664




9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Trade debtors

290,685


2,367,673




Amounts owed by group undertakings

1,541,753


-




Prepayments and accrued income

205


697



1,832,643


2,368,370




10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Trade creditors

6,507


1,965




Amounts owed to group undertakings

172,984


500,016




Tax

56,186


193,518




VAT

181,180


536,388




Accruals and deferred income

109,836


95,198



526,693


1,327,085




11.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023


value:


£

£


100,000

Ordinary

£1

100,000


100,000




12.

RESERVES

Retained


earnings



£



At 1 January 2024

985,975




Profit for the year

267,065




At 31 December 2024

1,253,040




13.

PENSION COMMITMENTS


The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £9,745 (2023 - £9,633).

MINKELS UK LIMITED (REGISTERED NUMBER: 05482186)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024



14.

ULTIMATE PARENT COMPANY



The immediate parent company of Minkels UK Limited is Minkels b.v., a company incorporated in the Netherlands. The ultimate parent company is Legrand SA, a company incorporated in France whose accounts are freely available on their website www.legrand.com .


15.

RELATED PARTY DISCLOSURES



Entities with control, joint control or significant influence over the entity

2024

2023



£

£


Purchases  

2,675,007


3,596,888




Amount due from related party  

1,541,753


-




Amount due to related party  

172,984


500,016