Ekman U.K. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00260677 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

EKMAN U.K. LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A.M. Bonner

M Sandh

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

00260677 (England and Wales)

AUDITORS:

DSK Partners LLP

Chartered Accountants and Statutory Auditors

D S House

306 High Street

Croydon

Surrey

CR0 1NG

CURRENT ASSETS

Debtors

4

448,850

423,099

Cash at bank

7,955

27,531

456,805

450,630

CREDITORS

Amounts falling due within one year

5

1,485

1,475

NET CURRENT ASSETS

455,320

449,155

TOTAL ASSETS LESS CURRENT

LIABILITIES

455,320

449,155

CAPITAL AND RESERVES

Called up share capital

446,000

Retained earnings

9,320

3,155

SHAREHOLDERS' FUNDS

455,320

449,155

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 31 March 2022 and were signed on its behalf by:

M Sandh - Director

1.	STATUTORY INFORMATION

Ekman U.K. 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.

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest Pound(£).

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.

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.

Significant judgements and estimates

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in the process of applying the Company's accounting policies.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

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

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 asst 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

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.

Going concern

Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe.

In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. In the UK this began on 23rd March 2020 and carried well into 2021. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilise economic condition.

The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, still remains unclear at this time. It is not yet possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the company for future periods.

The financial statements have been prepared on a going concern basis. The company is reliant upon the continued support of its parent company. If this support was withdrawn the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the statement of financial position value of assets to their recoverable amounts and to provide any further liabilities that may arise. The company is unable to quantify the effect of such adjustments on the financial statements. The directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other debtors

448,850

423,099

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other creditors

1,485

1,475

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

The Report of the Auditors was unqualified.

In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the disclosures made in note 2 to the financial statements concerning the company's ability to continue as a going concern. We draw your attention to this note.

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the director's assessment of the entity's ability to continue to adopt the going concern basis of accounting included reviewing cash flows and considering the general state of the economy and the company's business.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Romit Basu FCA (Senior Statutory Auditor)

for and on behalf of DSK Partners LLP

7.	ULTIMATE PARENT COMPANY

The director regards Ekman Invest Holding AB to be the Company's ultimate parent company. Ekman Invest Holding AB is incorporated in Sweden. Its financial statements are available from Polhemsplatsen 5, 411 11, Gothenburg, Sweden.

The largest group in which the results of the company are consolidated is that headed by Ekman Invest Holding AB, a company incorporated in Sweden, of which Ekman U.K. Limited is a member. Its financial statements are available from Polhemsplatsen 5, 411 11, Gothenburg, Sweden.

The immediate parent undertaking is Ekman Holding U.K. Limited, a company incorporated in the United Kingdom. Its financial statements are available from 75 Park Lane, Croydon, Surrey, CR9 1XS.

Ekman U.K. Limited - Accounts to registrar (filleted) - small 18.2

Ekman U.K. Limited - Accounts to registrar (filleted) - small 18.2