Dorema UK Limited Accounts






Dorema UK Limited

	Company No. 03440205
		Directors' Report and Audited Accounts
		31 August 2021




							Pages

Company Information							2
Directors' Report							3
Auditor's Report							4 to 6
Profit and Loss Account							7

Balance Sheet							8
Statement of Changes in Equity							9
Notes to the Accounts							10 to 14

Directors

M.B. Beekman
D.L. Butlin
N. Marneth
Sunshine Group BV









































Registered Office

Pioneer Way
West Yorkshire


WF10 5QU

Auditor

Hansons
St Oswald House
St Oswald Street
Castleford

WF10 1DH

The Directors present their report and the accounts for the year ended 31 August 2021.

Principal activities
The principal activity of the company during the year under review was Sale of caravan awnings.




Directors

The Directors who served at any time during the year were as follows:

M.B. Beekman
D.L. Butlin
N. Marneth
Sunshine Group BV










































Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
*	select suitable accounting policies and then apply them consistently;
*	make judgments and estimates that are reasonable and prudent;
*	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.













The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.L. Butlin
Director
25 October 2021

Independent Auditor's Report to the members of Dorema UK Limited

Opinion
We have audited the accounts of Dorema UK Limited (the 'company') for the year ended 31 August 2021 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the Notes to the Accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' .

In our opinion the accounts:
	• give a true and fair view of the state of the company's affairs as at 31 August 2021 and of its profit for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with applicable law and International Standards on Auditing (UK) (ISAs (UK). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
	• the directors' use of the going concern basis of accounting in the preparation of the accounts is not appropriate; or • the directors' have not disclosed in the accounts any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue.

Other information
The other information comprises the information included in the annual report and accounts, other than the accounts and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based upon the work undertaken in the course of the audit:
	• the information given in the directors' report for the financial year for which the accounts are prepared is consistent with the accounts; and
	• the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
	• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
	• the accounts are not in agreement with the accounting records and returns; or
	• certain disclosures of directors’ remuneration specified by law are not made; or
	• we have not received all the information and explanations we require for our audit; or
	• the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement found in the directors' report, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of this 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 an auditors' report 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.

Mark Upex BA FCA
Senior Statutory Auditor
For and on behalf of		Hansons
Accountants and Statutory Auditors
St Oswald House
St Oswald Street
Castleford

WF10 1DH
25 October 2021

for the year ended 31 August 2021

	2021	2020
	£	£
Turnover	4,743,954	3,788,418

Cost of Sales	(4,130,957)	(3,088,093)

Gross profit	612,997	700,325

Distribution costs and selling expenses	69	(70,391)

Administrative expenses	(539,569)	(625,379)

Other operating income	72,174	93,390

Operating profit	145,671	97,945



Other interest receivable	-	3



Interest payable and similar charges	(41)	-



Profit on ordinary activities before taxation	145,630	97,948

Taxation	(27,001)	(20,569)

Profit for the financial year after taxation	118,629	77,379

at	31 August 2021

Company No.		03440205	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	16,142	17,104


				16,142	17,104
Current assets
	Stocks		5	466,543	592,560
	Debtors		6	485,825	687,016

	Cash at bank and in hand			28,156	24,408
				980,524	1,303,984
Creditors: Amount falling due within one year			7	(878,038)	(1,145,493)
Net current assets				102,486	158,491
Total assets less current liabilities				118,628	175,595




Net assets				118,628	175,595

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		8	118,627	175,594

Total equity				118,628	175,595



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.









Approved by the board on 25 October 2021

And signed on its behalf by:

D.L. Butlin
Director
25 October 2021

for the year ended 31 August 2021

		Share Capital	Retained earnings	Total equity
		£	£	£
	At 1 September 2019	1	98,215	98,216




	Profit for the period		77,379	77,379







	At 31 August 2020 and 1 September 2020	1	175,594	175,595




	Profit for the period		118,629	118,629

	Dividends		(175,596)	(175,596)
	At 31 August 2021	1	118,627	118,628

for the year ended 31 August 2021

General information

Its registered number is: 03440205

Its registered office is:

Pioneer Way

West Yorkshire

WF10 5QU

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% Reducing Balance

Furniture, fittings and equipment

33% Straight Line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. 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.
Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	8	9

4	Tangible fixed assets
			Land and buildings	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 September 2020	86,107	28,418	31,942	146,467
		Additions	-	-	6,948	6,948


		Disposals	-	(7,000)	-	(7,000)
		At 31 August 2021	86,107	21,418	38,890	146,415
		Depreciation
		At 1 September 2020	86,108	23,481	19,774	129,363
		Charge for the year	(1)	1,272	6,568	7,839


		Disposals	-	(6,929)	-	(6,929)
		At 31 August 2021	86,107	17,824	26,342	130,273
		Net book values
		At 31 August 2021	-	3,594	12,548	16,142
		At 31 August 2020	(1)	4,937	12,168	17,104

5	Stocks
			2021	2020
			£	£


		Finished goods	466,543	592,560
			466,543	592,560

6	Debtors
			2021	2020
			£	£
		Trade debtors	419,694	635,755





		Other debtors	-	10,114
		Prepayments and accrued income	66,131	41,147
			485,825	687,016

7	Creditors:
		amounts falling due within one year
			2021	2020
			£	£




		Trade creditors	688,562	804,706

		Corporation tax	27,001	20,641
		Other taxes and social security	144,022	301,104


		Accruals and deferred income	18,453	19,042
			878,038	1,145,493

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Commitments

		Capital commitments	2021	2020
			£	£


		Other financial commitments	2021	2020
			£	£
		Total commitments under non-cancellable operating leases:	583,333	653,333

Related party disclosures

Controlling Party

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Sunshine Group BV

The parent's registered office address is:

Havenstraat 43

7005AG

Doetinchen

Netherlands