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REGISTERED NUMBER: 03142535 (England and Wales)














Financial Statements

for the Year Ended 31 December 2024

for

Siebec UK Limited

Siebec UK Limited (Registered number: 03142535)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Siebec UK Limited (Registered number: 03142535)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 142,203 146,523

CURRENT ASSETS
Stocks 5 207,883 182,671
Debtors 6 77,048 106,626
Cash at bank and in hand 176,563 180,687
461,494 469,984
CREDITORS
Amounts falling due within one year 7 89,826 75,398
NET CURRENT ASSETS 371,668 394,586
TOTAL ASSETS LESS CURRENT LIABILITIES 513,871 541,109

CREDITORS
Amounts falling due after more than one year 8 (159,202 ) (217,380 )

PROVISIONS FOR LIABILITIES (1,089 ) (1,325 )
NET ASSETS 353,580 322,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 353,480 322,304
SHAREHOLDERS' FUNDS 353,580 322,404

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mr N Wisbey - Director


Siebec UK Limited (Registered number: 03142535)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Siebec UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03142535

Registered office: Unit 3
St Albans Business Park
St Albans Road
Stafford
Staffordshire
ST16 3DR

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance

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 Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Siebec UK Limited (Registered number: 03142535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 149,835 18,405 168,240
Additions - 215 215
Disposals - (5,556 ) (5,556 )
At 31 December 2024 149,835 13,064 162,899
DEPRECIATION
At 1 January 2024 8,990 12,727 21,717
Charge for year 2,997 1,455 4,452
Eliminated on disposal - (5,473 ) (5,473 )
At 31 December 2024 11,987 8,709 20,696
NET BOOK VALUE
At 31 December 2024 137,848 4,355 142,203
At 31 December 2023 140,845 5,678 146,523

5. STOCKS
2024 2023
£    £   
Stocks 207,883 182,671

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,110 101,743
Other debtors 3,938 4,883
77,048 106,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,800 5,420
Amounts owed to group undertakings 13,917 465
Taxation and social security 32,791 46,737
Other creditors 23,318 22,776
89,826 75,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 159,202 217,380

Siebec UK Limited (Registered number: 03142535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,002 8,008
Between one and five years - 2,002
2,002 10,010

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

The Report of the Auditors was unqualified.

Jeremy Bostock BA (Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

11. 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.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Siebec SAS, which is wholly owned by Siedev SAS, incorporated in France.

Copies of the consolidated financial statements can be obtained from the company at 9 Rue des Platanes, 38120 Saint-Egreve, France