REGISTERED NUMBER: 09598012 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Selfcair UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B P Le Bourhis

REGISTERED OFFICE:

Units 8 & 9

Middle Drove Business Park

Middle Drove, Marshland St James

Wisbech

Cambridgeshire

PE14 8JT

REGISTERED NUMBER:

09598012 (England and Wales)

FIXED ASSETS

Intangible assets

4

611,059

707,802

Tangible assets

5

252,203

164,120

863,262

871,922

CURRENT ASSETS

Stocks

2,241,904

785,033

Debtors

6

1,128,948

2,722,405

Cash at bank

6,477,996

2,464,780

9,848,848

5,972,218

CREDITORS

Amounts falling due within one year

7

5,826,162

4,724,109

NET CURRENT ASSETS

4,022,686

1,248,109

TOTAL ASSETS LESS CURRENT LIABILITIES

4,885,948

2,120,031

CREDITORS

Amounts falling due after more than one year

8

-

(400,000

)

PROVISIONS FOR LIABILITIES

(1,960,909

)

-

NET ASSETS

2,925,039

1,720,031

CAPITAL AND RESERVES

Called up share capital

10

157,000

157,000

Capital redemption reserve

20,000

20,000

Retained earnings

2,748,039

1,543,031

SHAREHOLDERS' FUNDS

2,925,039

1,720,031

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:

B P Le Bourhis - Director

1.	STATUTORY INFORMATION

Selfcair UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared under the historical cost convention.

Basis of preparing the financial statements

These financial statements are prepared on a going concern basis, under the historical cost convention.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of

completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Patents and licences

The cost of patents and licences is amortised over the expected useful lives of the relevant items, on a straight line basis. The expected economic life of such assets is presumed to not exceed 20 years.

Development costs

Development costs are capitalised where there is a clearly defined project for which the costs are expected to be recovered from future revenues from the completed project.

Such costs are amortised over the period of the expected revenue stream, with amortisation being charged from the date of completion of the relevant project.

Computer software

The costs of computer software are capitalised where the company expects to benefit from the relevant software over periods in excess of one year. Such costs are amortised over the licence period of the software or over the expected period of benefit to be derived.

Tangible fixed assets

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

Improvements to property

-

20% on straight line basis

Plant and machinery

-

20% on straight line basis

Fixtures and fittings

-

33% on straight line basis and 10% on straight line basis

Computer equipment

-

33% on straight line basis

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

Computer

licences

costs

software

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

273,605

830,611

31,948

1,136,164

AMORTISATION

At 1 January 2024

36,483

359,931

31,948

428,362

Amortisation for year

13,681

83,062

-

96,743

At 31 December 2024

50,164

442,993

31,948

525,105

NET BOOK VALUE

At 31 December 2024

223,441

387,618

-

611,059

At 31 December 2023

237,122

470,680

-

707,802

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

173,616

34,292

8,586

73,925

290,419

Additions

62,786

90,530

4,736

8,940

166,992

At 31 December 2024

236,402

124,822

13,322

82,865

457,411

DEPRECIATION

At 1 January 2024

53,194

25,684

5,978

41,443

126,299

Charge for year

42,992

15,730

975

19,212

78,909

At 31 December 2024

96,186

41,414

6,953

60,655

205,208

NET BOOK VALUE

At 31 December 2024

140,216

83,408

6,369

22,210

252,203

At 31 December 2023

120,422

8,608

2,608

32,482

164,120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,036,147

2,008,916

Other debtors

4,725

14,000

VAT

7,308

-

Deferred tax asset

-

629,428

Prepayments and accrued income

80,768

70,061

1,128,948

2,722,405

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

388,159

563,643

Tax

354,948

-

Social security and other taxes

50,416

35,572

VAT

-

408,900

Other creditors

15,829

10,000

Accruals and deferred income

5,016,810

3,705,994

5,826,162

4,724,109

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - 1-2 years

-

400,000

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

118,430

118,820

Between one and five years

459,680

236,150

In more than five years

263,352

174,790

841,462

529,760

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

157,000

Ordinary

£1.00

157,000

157,000

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

The Report of the Auditors was unqualified.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

12.	RELATED PARTY DISCLOSURES

The company has received loans from its parent company, Eximium SAS, to fund its trading activities. These loans are unsecured and are charged interest at 1.18% pa and are have been repaid in full during the year.

As at the balance sheet date the following amounts were due to Eximium SAS-

31.12.24

31.12.23

£

£

Loans advanced

-

400,000

Trade creditor

10,548

78,079

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are considered to be F Baule and L Baule by virtue of their interest in Eximium SAS, a company incorporated in France.