REGISTERED NUMBER: 11107256 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DONECK UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P F Weeks

REGISTERED OFFICE:

Sigma House

Northfield Drive

Northfield

Milton Keynes

Buckinghamshire

MK15 0DQ

REGISTERED NUMBER:

11107256 (England and Wales)

SENIOR STATUTORY AUDITOR:

Simon de Souza

AUDITORS:

Lubbock Fine LLP

Chartered Accountants

& Statutory Auditors

Paternoster House

65 St Pauls’ Churchyard

London

EC4M 8AB

FIXED ASSETS

Tangible assets

4

176,682

149,924

CURRENT ASSETS

Stocks

970,872

844,037

Debtors

5

1,332,062

1,107,601

Cash at bank

641,211

329,631

2,944,145

2,281,269

CREDITORS

Amounts falling due within one year

6

1,935,653

1,413,504

NET CURRENT ASSETS

1,008,492

867,765

TOTAL ASSETS LESS CURRENT LIABILITIES

1,185,174

1,017,689

CREDITORS

Amounts falling due after more than one year

7

(216,253

)

(288,337

)

PROVISIONS FOR LIABILITIES

(16,048

)

(23,446

)

NET ASSETS

952,873

705,906

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

952,773

705,806

SHAREHOLDERS' FUNDS

952,873

705,906

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 19 September 2025 and were signed by:

Mr P F Weeks - Director

1.	STATUTORY INFORMATION

Doneck UK Ltd 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. 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

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.

Cash and cash equivalents

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.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

279,518

44,750

17,189

341,457

Additions

22,429

70,689

-

93,118

At 31 December 2024

301,947

115,439

17,189

434,575

DEPRECIATION

At 1 January 2024

151,970

22,376

17,187

191,533

Charge for year

37,499

28,861

-

66,360

At 31 December 2024

189,469

51,237

17,187

257,893

NET BOOK VALUE

At 31 December 2024

112,478

64,202

2

176,682

At 31 December 2023

127,548

22,374

2

149,924

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,329,870

1,037,765

Other debtors

2,192

69,836

1,332,062

1,107,601

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

79,701

49,281

Amounts owed to group undertakings

1,443,541

1,284,111

Taxation and social security

328,691

18

Other creditors

83,720

80,094

1,935,653

1,413,504

Amounts owed to group undertakings include £72,084 (2023 - £149,359) which incurs interest at 1.2% and is unsecured. The remaining amounts due are unsecured, interest free and repayable on demand.

The company operates a pension scheme which provides for the payment of the full contribution by the

company. The scheme operates on a defined contribution money purchase basis and the contributions are charged to the profit and loss account as they arise. The charge for the year was £11,516 (2023 - £10,862). At the balance sheet date an amount of £2,490 (2023 - £2,604) was due from the company in respect of pension costs.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

216,253

288,337

Amounts owed to group undertakings of £216,253 (2023 - £288,337) incur interest at 1.2% per annum, are unsecured and due for repayment in instalments by 31 December 2028.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

162,906

196,848

Between one and five years

436

3,468

163,342

200,316

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

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

These financial statements have been prepared for the purposes of filing with Companies House and no Profit and Loss Account is included within this set of financial statements. The full statements have been subject to audit and there were no qualification or modifications to the audit report on the full financial statements. The audit was undertaken by Lubbock Fine LLP, Chartered Accountants & Statutory Auditors and the Senior Statutory Auditor was Simon de Souza.

11.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

41,418

36,887

At the end of the financial year the company had entered into two contracts for the purchase of two pallet trucks, which were both invoiced and delivered after the end of the financial year.

At the end of the December 2023 financial year the company had entered into a contract for the purchase of a new vehicle, which was both invoiced and delivered after the end of the 2023 financial year.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking and the parent undertaking of the smallest and largest group which prepares consolidated financial statements which includes the results of the Company, is Doneck Euroflex S.A. a company incorporated in Luxembourg under the laws of the Grand Duchy of Luxembourg, with its registered office at 4 an den Langten, L-6776 Grevenmacher, Luxembourg.