REGISTERED NUMBER: 15817705 (England and Wales)

Unaudited Financial Statements

for the Period 3 July 2024 to 31 December 2024

for

Swisslogo UK Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

26,238

CURRENT ASSETS

Stocks

914,844

Debtors

5

277,951

1,192,795

CREDITORS

Amounts falling due within one year

6

(443,518

)

NET CURRENT ASSETS

749,277

TOTAL ASSETS LESS CURRENT LIABILITIES

775,515

CREDITORS

Amounts falling due after more than one year

7

(724,361

)

PROVISIONS FOR LIABILITIES

(1,774

)

NET ASSETS

49,380

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

49,280

49,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 5 August 2025 and were signed on its behalf by:

Mr L Ching - Director

1.	STATUTORY INFORMATION

Swisslogo UK Ltd is a private company, limited by shares, domiciled in England, registration number 15817705. The registered office is Innovation House, Innovation Park, Middleton Cheney, Banbury, United Kingdom, OX17 2PR.

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.

Turnover

Turnover represents net invoiced sales of safety equipment, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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

Plant and machinery etc

-

33% on cost and 14% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the period 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 period 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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

27,895

At 31 December 2024

27,895

DEPRECIATION

Charge for period

1,657

At 31 December 2024

1,657

NET BOOK VALUE

At 31 December 2024

26,238

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,316

Amounts owed by related parties

236,161

Other debtors

40,474

277,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

28,391

Amounts owed to group undertakings

1,400

Amounts owed to related parties

332,109

Taxation and social security

78,618

Other creditors

3,000

443,518

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Amounts owed to related parties

724,361

8.	RELATED PARTY DISCLOSURES

Companies under common control

Amounts owed from related parties total £236,261.

Amounts owed to related parties total £1,056,470.

Sales were made to related parties in the year totalling £533,081.

Purchases were made from related parties in the year totalling £155,831.

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is Swisslogo Manufacturing Ltd which has a registered office at Innovation House Innovation Park Main Road, Middleton Cheney, Banbury, United Kingdom, OX17 2PR.