REGISTERED NUMBER: 14877751 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

CSC Industries UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Nouwen

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

Westwood House

Annie Med Lane

HU15 2HG

REGISTERED NUMBER:

14877751 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

CURRENT ASSETS

Debtors

4

3,228

302,900

Cash at bank

17,855

4,532

21,083

307,432

CREDITORS

Amounts falling due within one year

5

48,515

304,906

NET CURRENT (LIABILITIES)/ASSETS

(27,432

)

2,526

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,432

)

2,526

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(27,532

)

2,426

SHAREHOLDERS' FUNDS

(27,432

)

2,526

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 26 September 2025 and were signed by:

J Nouwen - Director

1.	STATUTORY INFORMATION

CSC Industries 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.

The company is dependent on the continued financial support of their immediate parent company, Cavale Steel Company NV, who has agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future.

Turnover

Revenue comprises the fair value of consideration receivable for goods and services supplied to external customers and excludes value added tax. In general, revenue is recognised to the extent that it is subject to reliable measurement, that it is probable that economic benefits will flow to the company and that the significant risks and rewards of ownership have passed to the buyer. Revenues are recorded based on the price specified in the sales invoices/contracts net of actual returns and any discounts granted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

302,077

Other debtors

3,228

823

3,228

302,900

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

523

3,366

Amounts owed to group undertakings

28,524

244,307

Taxation and social security

-

49,931

Other creditors

19,468

7,302

48,515

304,906

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

The Report of the Auditors was unqualified.

Simon Moss F.C.C.A (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

7.	RELATED PARTY DISCLOSURES

During the year the immediate parent Cavale Steel Company NV provided goods to CSC Industries UK Ltd totalling £23,066 (2023: £213,979).

At the balance sheet date the amount owed to Cavale Steel Company NV was £28,524 (2023: £244,307). This loan is interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is Cavale Steel Company NV, a company registered at Centrum-Zuid 2050

3530 Houthalen-Helchteren, Belgium.

There is no overall controlling party.