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Registered number: 12489626
DORSEL U.K. LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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DORSEL U.K. LIMITED
REGISTERED NUMBER: 12489626
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due after more than one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 August 2025.
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Lior Som
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The notes on pages 2 to 5 form part of these financial statements.
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DORSEL U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Dorsel U.K. Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12489626. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, Middlesex, HA5 2EX.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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DORSEL U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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 Income and Retained Earnings.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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Due after more than one year
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Amounts owed by group undertakings
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Amounts owed from group undertakings falling due after more than one year are unsecured, have no fixed date of repayment, and are repayable on demand.
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Cash and cash equivalents
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DORSEL U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Amounts owed to group undertakings
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Amounts owed to group undertakings falling due after more than one year are unsecured, have no fixed date of repayment, and are repayable on demand.
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Allotted, called up and fully paid
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100 (2023 - 100) Ordinary shares of £1.00 each
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DORSEL U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Related party transactions
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Included in amounts owed to group undertakings falling due after one year are amounts of £151,146 (2023: £141,331) and £284,783 (2023: £284,783) owed to Dorsel U.K. 1 Limited and Dorsel U.K. 2 Limited respectively. The directors of these companies are also the directors of Dorsel U.K. Limited.
Also included in amounts owed to group undertakings falling due after one year are amounts of £5,927,127 (2023: £6,032,467) and £5,000,000 (2023: £5,000,000) owed to Dorsel (B.A.Z) Ltd, which is the parent company of Dorsel U.K. Limited.
Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.
ncuded in amounts owed by group undertakings due after one year, are amounts of £226,387 (2023: £226,387) and £189,900 (2023: £189,900) owed by Dorsel U.K. 3 Limited and Dorsel U.K. 4 Limited respectively. The directors of these companies are also the directors of Dorsel U.K. Limited.
Also included in amounts owed by group undertakings due after one year, are amounts of £5,919,446 (2023: £6,024,786) and £5,000,000 (2023: £5,000,000) owed by Dorsel U.K. 1 Limited.
Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.
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