Arodo (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03537174 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Arodo (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J W Van Aaken

SECRETARY:

MYUKOFFICE LTD

REGISTERED OFFICE:

Westwood House

Annie Med Lane

South Cave

Brough

HU15 2HG

REGISTERED NUMBER:

03537174 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

CURRENT ASSETS

Debtors

4

306,038

-

Cash at bank

43,870

-

349,908

-

CREDITORS

Amounts falling due within one year

5

297,457

-

NET CURRENT ASSETS

52,451

-

TOTAL ASSETS LESS CURRENT LIABILITIES

52,451

-

CAPITAL AND RESERVES

Called up share capital

6

10,000

-

Retained earnings

7

42,451

-

SHAREHOLDERS' FUNDS

52,451

-

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 2022 and were signed by:

J W Van Aaken - Director

1.	STATUTORY INFORMATION

Arodo (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 company is dependent on the continued financial support of its parent company, Arodo BV, a company registered in Belgium, who has agreed to provide such support to Arodo (UK) Limited. The company will be able to meet its debts as they fall due for the foreseeable future. Accordingly the financial statements have been prepared on the going concern basis.

Turnover

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

Turnover from the sale of goods is recognised when goods are delivered and the legal title has passed.

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 on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

305,469

-

Other debtors

569

-

306,038

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

6,291

-

Amounts owed to group undertakings

241,737

-

Taxation and social security

44,679

-

Other creditors

4,750

-

297,457

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

10,000

Ordinary

£1

10,000

-

10,000 Ordinary shares of £1 each were fully paid for cash at par during the year.

7.

RESERVES

Retained

earnings

£

Profit for the year

42,451

At 31 December 2021

42,451

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

The Report of the Auditors was unqualified.

Andrew Ewart FCCA FCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

9.	RELATED PARTY DISCLOSURES

During the year the company purchased goods from Arodo BV totalling £352,750 (2020 - £NIL).

During the year the company recharged costs of £4,352 (2020 - £NIL) to Arodo BV. Also during the year the company paid fees on behalf of Arodo BV totalling £795 (2020 - £NIL).

At the balance sheet date an amount of £241,737 (2020 - £NIL) was owed to Arodo BV. This amount is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is Arodo BV and the ultimate controlling party is Mr F Rochette.