REGISTERED NUMBER: 08377119 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 30 June 2025

for

Durata UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Mcgee

Mrs A L Mcgee

SECRETARY:

Mrs A L Mcgee

REGISTERED OFFICE:

2 Wilfred Whitfield Way

Tees Amp

Middlesbrough

United Kingdom

TS2 1EN

REGISTERED NUMBER:

08377119 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

42,150

-

Tangible assets

5

192,847

181,102

234,997

181,102

CURRENT ASSETS

Stocks

73,908

177,584

Debtors

6

7,400,211

1,136,306

Cash at bank and in hand

113,545

548,537

7,587,664

1,862,427

CREDITORS

Amounts falling due within one year

7

4,970,238

1,594,165

NET CURRENT ASSETS

2,617,426

268,262

TOTAL ASSETS LESS CURRENT LIABILITIES

2,852,423

449,364

CREDITORS

Amounts falling due after more than one year

8

(789,365

)

(283,803

)

PROVISIONS FOR LIABILITIES

(41,000

)

(6,084

)

NET ASSETS

2,022,058

159,477

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,021,958

159,377

SHAREHOLDERS' FUNDS

2,022,058

159,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 15 January 2026 and were signed on its behalf by:

J D Mcgee - Director

1.	STATUTORY INFORMATION

Durata 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Work in progress

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.

Taxation

Taxation for the period 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 period 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.

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.

Accounting period

The accounting period was extended to 30 June 2025 and covers an 18 month period. The comparative covers a 12 month period and is therefore not entirely comparable.

Amounts recoverable on contracts

Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing contracts, less payments on account received.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 35 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

42,150

At 30 June 2025

42,150

NET BOOK VALUE

At 30 June 2025

42,150

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

-

24,252

7,181

Additions

35,059

40,269

3,815

Disposals

-

(2,159

)

(7,181

)

At 30 June 2025

35,059

62,362

3,815

DEPRECIATION

At 1 January 2024

-

7,691

1,436

Charge for period

7,691

14,286

492

Eliminated on disposal

-

(298

)

(1,436

)

At 30 June 2025

7,691

21,679

492

NET BOOK VALUE

At 30 June 2025

27,368

40,683

3,323

At 31 December 2023

-

16,561

5,745

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

172,674

2,956

207,063

Additions

-

21,205

100,348

Disposals

-

(2,956

)

(12,296

)

At 30 June 2025

172,674

21,205

295,115

DEPRECIATION

At 1 January 2024

16,243

591

25,961

Charge for period

51,802

4,361

78,632

Eliminated on disposal

-

(591

)

(2,325

)

At 30 June 2025

68,045

4,361

102,268

NET BOOK VALUE

At 30 June 2025

104,629

16,844

192,847

At 31 December 2023

156,431

2,365

181,102

Included in tangible fixed assets are assets held under hire purchase with an aggregate net book value of £95,031 (2023 - £153,606). Depreciation charged on these assets during the year amounted to £46,231 (2023 - £15,928).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

as restated

£

£

Trade debtors

551,034

246,182

Amounts owed by participating interests

1,854,628

-

Amounts recoverable on contract

1,106,977

-

Other debtors

3,887,572

890,124

7,400,211

1,136,306

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

as restated

£

£

Bank loans and overdrafts

10,314

16,881

Hire purchase contracts

20,784

18,189

Payments on account

362,426

-

Trade creditors

344,036

768,516

Taxation and social security

1,495,798

303,037

Other creditors

2,736,880

487,542

4,970,238

1,594,165

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

as restated

£

£

Bank loans

-

10,314

Hire purchase contracts

109,563

134,541

Other creditors

679,802

138,948

789,365

283,803

9.	SECURED DEBTS

Hire purchase liabilities are secured on the asset to which they relate. The invoice factoring liability is secured by way of a debenture against the asset of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

as restated

£

£

100

ordinary shares

1

100

100

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £1,217,813 (2024: £249,744) relating to amounts payable under operating leases.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the company advanced £169,392 to director 1 (2023 as restated - £123,279). During the period the director repaid £125,037 (2023 as restated - £60,000) leaving an amount owed to the company at the period end of £263,022 (2023 as restated - £218,667).

During the period the company advanced £62,723 to director 2 (2023 as restated - £67,292). During the period the director repaid £187,254 (2023 as restated - £36,000) leaving an amount owed to the company at the period end of £nil (2023 as restated - £124,531).

During the period the company advanced £154,092 to director 3 (2023 as restated - £69,270). During the period the director repaid £14,000 (2023 as restated - £24,000) leaving an amount owed to the company at the period end of £247,521(2023 as restated - £107,429).

Interest has been charged at HMRC official rate.