REGISTERED NUMBER: 07929594 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UNITRADE SJAAK VAN DER VYVER UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I S Van Der Vijver

REGISTERED OFFICE:

Magma House, 16 Davy Court

Castle Mound Way

Rugby

CV23 0UZ

REGISTERED NUMBER:

07929594 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

50,348

69,408

50,349

69,409

CURRENT ASSETS

Stocks

14,184

22,809

Debtors

6

1,104,961

1,257,304

Cash at bank

48,933

37,986

1,168,078

1,318,099

CREDITORS

Amounts falling due within one year

7

(1,061,474

)

(1,231,662

)

NET CURRENT ASSETS

106,604

86,437

TOTAL ASSETS LESS CURRENT LIABILITIES

156,953

155,846

CREDITORS

Amounts falling due after more than one year

8

(14,000

)

(26,000

)

PROVISIONS FOR LIABILITIES

10

(11,834

)

-

NET ASSETS

131,119

129,846

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

131,019

129,746

SHAREHOLDERS' FUNDS

131,119

129,846

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 director and authorised for issue on 12 June 2025 and were signed by:

I S Van Der Vyver - Director

1.	STATUTORY INFORMATION

Unitrade Sjaak van der Vyver UK Limited is a limited company, registered in England and Wales. Its registered office address is Magma House, 16 Davy Court, Castle Mound Way, Rugby, CV23 0UZ and the registered number is 07929594.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

The financial statements are presented in Sterling (£).

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the company’s sales channels have been met.

Goodwill

Intangible fixed assets are shown at cost less accumulated impairment losses.

Goodwill relates to an amount paid in connection with the purchase of the trade and assets of Sjaak Van Der Vyver Limited on 28 February 2012 for the goodwill of the business and the right to use the Sjaak Van Der Vyver name.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Motor vehicles

-

25% straight line

Fixtures and fittings

-

25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised within 'Other operating income'.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'Interest receivable and similar income'.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised in profit or loss as they become payable.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against the profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

6,556

92,790

99,346

DEPRECIATION

At 1 January 2024

442

29,496

29,938

Charge for year

1,643

17,417

19,060

At 31 December 2024

2,085

46,913

48,998

NET BOOK VALUE

At 31 December 2024

4,471

45,877

50,348

At 31 December 2023

6,114

63,294

69,408

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

218,499

497,625

Amounts owed by group undertakings

832,560

736,076

Other debtors

53,902

23,603

1,104,961

1,257,304

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,000

12,000

Trade creditors

31,401

77,739

Amounts owed to group undertakings

871,558

871,558

Taxation and social security

112,638

234,680

Other creditors

33,877

35,685

1,061,474

1,231,662

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

14,000

26,000

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

73,904

40,053

Between one and five years

69,084

100,134

142,988

140,187

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

11,834

-

Deferred

tax

£

Charge to Profit and Loss Account during year

11,834

Balance at 31 December 2024

11,834

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

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

12.	RELATED PARTY DISCLOSURES

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.

As at 31 December 2024, a balance of £871,558 (2023: £871,558) was due to Unitrade Group BV.

As at 31 December 2024, a balance of £667,039 (2023: £602,739) was due from Unitrade Group BV.

As at 31 December 2024, a balance of £165,521 (2023: £133,337) was due from Sjaak vd Vyver Ltd.

As at 31 December 2024, a balance of £nil (2023: £3,500) was due from a company deemed to be a related party by virtue of common control, which is included in other debtors.

13.	ULTIMATE PARENT COMPANY

The ultimate and immediate parent company is Unitrade Group B.V. which is the parent company incorporated in The Netherlands, during the current and preceding year.

Group financial statements are available from Unitrade Group B.V. whose registered office is Offemweg 4-A, Noordwijk, Netherlands 2201 HD.

ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party, as no one person has a significant shareholding in the ultimate parent company.