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REGISTERED NUMBER: 13238200 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2024

for

Junttan UK Operations Limited

Junttan UK Operations Limited (Registered number: 13238200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Junttan UK Operations Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J M Holappa





REGISTERED OFFICE: 1 Chapel Street
Warwick
Warwickshire
CV34 4HL





REGISTERED NUMBER: 13238200 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Junttan UK Operations Limited (Registered number: 13238200)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 765,826 754,311
Tangible assets 5 168,936 172,934
934,762 927,245

CURRENT ASSETS
Stocks 1,243,534 1,450,601
Debtors 6 457,631 233,721
Cash at bank 556,072 337,101
2,257,237 2,021,423
CREDITORS
Amounts falling due within one year 7 1,076,548 1,367,703
NET CURRENT ASSETS 1,180,689 653,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,115,451

1,580,965

CREDITORS
Amounts falling due after more than one
year

8

(1,982,140

)

(1,657,892

)

PROVISIONS FOR LIABILITIES (42,234 ) -
NET ASSETS/(LIABILITIES) 91,077 (76,927 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 90,977 (77,027 )
SHAREHOLDERS' FUNDS 91,077 (76,927 )

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 director and authorised for issue on 28 March 2025 and were signed by:





J M Holappa - Director


Junttan UK Operations Limited (Registered number: 13238200)

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

1. STATUTORY INFORMATION

Junttan UK Operations 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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Junttan UK Operations Limited (Registered number: 13238200)

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

2. ACCOUNTING POLICIES - continued

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
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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 794,012
Additions 90,916
At 31 December 2024 884,928
AMORTISATION
At 1 January 2024 39,701
Charge for year 79,401
At 31 December 2024 119,102
NET BOOK VALUE
At 31 December 2024 765,826
At 31 December 2023 754,311

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 12,800 56,193 6,224 134,607 209,824
Additions - 8,240 2,506 61,233 71,979
Disposals - - - (43,949 ) (43,949 )
At 31 December 2024 12,800 64,433 8,730 151,891 237,854
DEPRECIATION
At 1 January 2024 632 9,043 1,424 25,791 36,890
Charge for year 624 10,067 1,137 29,247 41,075
Eliminated on disposal - - - (9,047 ) (9,047 )
At 31 December 2024 1,256 19,110 2,561 45,991 68,918
NET BOOK VALUE
At 31 December 2024 11,544 45,323 6,169 105,900 168,936
At 31 December 2023 12,168 47,150 4,800 108,816 172,934

Junttan UK Operations Limited (Registered number: 13238200)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 442,710 213,888
Other debtors 14,921 19,833
457,631 233,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 658,838 592,622
Amounts owed to group undertakings 232,686 242,833
Taxation and social security 39,826 10,416
Other creditors 145,198 521,832
1,076,548 1,367,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,982,140 1,657,892

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,400 -
Between one and five years 28,800 -
43,200 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Paul Colcomb FCCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Junttan OY, incorporated in Junttan OY, Matkuksentie 7, 70800 Kuopio, Finland.

The most senior parent entity producing publicly available financial statements is Junttan OY. These financial statements are available upon request from Junttan OY, Matkuksentie 7, 70800 Kuopio, Finland.

The ultimate controlling party is Junttan OY.