Finnish Fibreboard (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04212847

Finnish Fibreboard (UK) Limited

Filleted Unaudited Financial Statements

31 December 2024

Finnish Fibreboard (UK) Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,081		2,247

Current assets

Debtors	6	19,739	23,301
Cash at bank and in hand		277,241	436,047
		---------	---------
		296,980	459,348

Creditors: amounts falling due within one year	7	55,706		109,382
		---------		---------
Net current assets			241,274		349,966
			---------		---------
Total assets less current liabilities			243,355		352,213
			---------		---------

Capital and reserves

Called up share capital	8	150,001	150,001
Profit and loss account	9	93,354	202,212
		---------	---------
Shareholders funds		243,355	352,213
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

Mr S Wallin	Mr P Jones
Director	Director

Company registration number: 04212847

Finnish Fibreboard (UK) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Revenue recognition

Turnover represents commissions on sales of stock to external customers and commission in respect of agency sales at invoiced amounts less value added tax or local taxes on sales. Commission revenue is recognised at the point when goods are despatched to the customer and external customer sales are recognised when the risks and rewards of ownership are transferred which is typically upon despatch.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Defined contribution plans

Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the year in which they become payable.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2024	4,258	4,258
Additions	1,753	1,753
	-------	-------
At 31 December 2024	6,011	6,011
	-------	-------
Depreciation
At 1 January 2024	2,011	2,011
Charge for the year	1,919	1,919
	-------	-------
At 31 December 2024	3,930	3,930
	-------	-------
Carrying amount
At 31 December 2024	2,081	2,081
	-------	-------
At 31 December 2023	2,247	2,247
	-------	-------

6. Debtors

	2024	2023
	£	£
Corporation tax repayable	13,685	–
Other debtors	6,054	23,301
	--------	--------
	19,739	23,301
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	360	18,359
Corporation tax	–	13,685
Social security and other taxes	5,900	4,356
Amounts owed to group undertakings	89	19,158
Other creditors	49,357	53,824
	--------	---------
	55,706	109,382
	--------	---------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	150,001	150,001	150,001	150,001
	---------	---------	---------	---------

9. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Shortened accounting period

11. Related party transactions

The company is a wholly owned subsidiary of Suomen Kuitulevy Oy and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Suomen Kuitulevy Oy or other wholly owned subsidiaries within the group.

12. Controlling party

The company is a subsidiary of Suomen Kuitulevy Oy, the ultimate parent company, incorporated in Finland. The largest and smallest group in which the results of the company are consolidated is that headed by Suomen Kuitulevy Oy, incorporated in Finland. The consolidated accounts of this company are available to the public and can be obtained from Suomen Kuitulevy Oy at PO Box 4, FIN-18101, Heinola, Finland. No other group accounts include the results of the company.