ProAll UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11429490 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROALL UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Posner

J Kong-Picarello

REGISTERED OFFICE:

The Pinnacle

170 Midsummer Boulevard

Milton Keynes

MK9 1FE

REGISTERED NUMBER:

11429490 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

CURRENT ASSETS

Stocks

4

909,308

1,647,787

Debtors

5

955,191

123,049

Cash at bank

347,653

1,628,550

2,212,152

3,399,386

CREDITORS

Amounts falling due within one year

6

1,752,154

3,140,096

NET CURRENT ASSETS

459,998

259,290

TOTAL ASSETS LESS CURRENT
LIABILITIES

459,998

259,290

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

459,898

259,190

SHAREHOLDERS' FUNDS

459,998

259,290

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 23 September 2025 and were signed on its behalf by:

J Kong-Picarello - Director

1.	STATUTORY INFORMATION

ProAll 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.

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 on a basis other than going concern, as the Directors intend to close the company within 12 months and 1 day of the date of approval of the financial statements. No adjustments were required to be made to any balances in the financial statements as a result.

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

Sales comprise the fair value of the consideration received or receivable for the products sold in the ordinary course of the Company's activities. Sales are presented net of VAT, rebates and discounts.

The company recognises revenue in accordance with the terms contained within a consignment agreement, under which recognition is based upon receipt of monies for the goods provided.

Stocks

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

Goods, which are provided to customers under a consignment agreement, remain the property of the company until the customer confirms acceptance that the goods are in working order, and are therefore recorded as stocks.

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.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

31.12.24

31.12.23

£

Stocks

909,308

1,647,787

At 31 December 2024, all stocks are consignment stocks held by a consignee under a consignment agreement.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

922,554

-

Amounts owed by group undertakings

-

62,665

Other debtors

32,637

60,384

955,191

123,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

538,812

2,713,231

Taxation and social security

242,988

403,765

Other creditors & accruals

970,354

23,100

1,752,154

3,140,096

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

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

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included

within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

9.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Terex Corporation, a company incorporated in Delaware, USA, with a registered office address at 45 Glover Avenue, 4th Floor, Norwalk, Connecticut, CT 06850, USA.

The ultimate parent company is the smallest group producing consolidated accounts incorporating ProAll UK Ltd. These can be found at www.sec.gov/edgar.