Ensto UK Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01453043 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ENSTO UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J J J Tiitu

Mr Y D Roullac

REGISTERED OFFICE:

Legrand Electric Ltd

Great King Street North

Birmingham

B19 2LF

REGISTERED NUMBER:

01453043 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ross Garfitt

AUDITORS:

Langdowns DFK Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Tangible assets

5

610

-

CURRENT ASSETS

Debtors

6

5,556

11,579

Cash at bank and in hand

1,560,532

1,434,366

1,566,088

1,445,945

CREDITORS

Amounts falling due within one year

7

36,130

15,910

NET CURRENT ASSETS

1,529,958

1,430,035

TOTAL ASSETS LESS CURRENT LIABILITIES

1,530,568

1,430,035

CAPITAL AND RESERVES

Called up share capital

8

650,000

650,000

Capital contribution reserve

2,734,000

2,734,000

Retained earnings

(1,853,432

)

(1,953,965

)

SHAREHOLDERS' FUNDS

1,530,568

1,430,035

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 15th April 2024 and were signed on its behalf by:

Mr J J J Tiitu - Director

1.	STATUTORY INFORMATION

Ensto 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.

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

There is no fixed trading address for the company's business activities.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The acquisition by the Legrand group opens up new possibilities and opportunities for the company and the Ensto Buildings Systems sub-group to which it belongs.

As part of this, there is the potential that group strategic planning in the future could result in the reorganisation of services within the group and potentially the activities that the company performs, which could result in an increase or decrease its activities. This in turn could impact upon on its going concern position in the future.

The directors are not currently aware of any group plans to change the operational activities of the company and have no plans themselves to make changes. Furthermore, reviewing the assets and liabilities of the company, the impact of a change to the basis of preparation would not result in any significant changes to the reported financial performance for the year ended 31st December 2022 or the financial position as at the balance sheet date. As a result, the directors consider that there is no material uncertainty over its going concern position and accordingly the accounts have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Income from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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. This is usually on completion of delivery to the customer.

Commission income is recognised as the company becomes entitled to receive the economic benefits arising from its activities. This occurs when the company secures the associated product sale being fulfilled by another entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% straight line

All fixed assets are initially recorded at cost.

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 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 year 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.

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.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension schemes. Contributions payable to the pension schemes are charged to the income statement in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2023

917

Additions

665

At 31st December 2023

1,582

DEPRECIATION

At 1st January 2023

917

Charge for year

55

At 31st December 2023

972

NET BOOK VALUE

At 31st December 2023

610

At 31st December 2022

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

4,738

10,421

Other debtors

818

1,158

5,556

11,579

Included in other debtors is £110 (2022: £NIL) in relation to prepayments and accrued income.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,465

2,328

Amounts owed to group undertakings

12,159

478

Taxation and social security

8,645

2,426

Other creditors

13,861

10,678

36,130

15,910

Included in other creditors is £8,948 (2022: £10,062) in relation to accruals and deferred income.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

650,000

Ordinary

£1

650,000

650,000

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

The Report of the Auditors was unqualified.

Ross Garfitt (Senior Statutory Auditor)

for and on behalf of Langdowns DFK Limited

10.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet totalled £5,905 (2022: £14,763). This amount is in relation to operating lease commitments which are payable over the next year.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

Legrand SA, registered in Limoges, France, has been the ultimate parent undertaking of Ensto UK Limited since December 2021 when the Legrand Group acquired Ensto Building Systems OY, the parent company of Ensto UK Limited. Legrand SA prepares consolidated financial statements into which Ensto UK Limited is consolidated.

Consolidated financial statements can be obtained from the investor section of the group's website https://www.legrandgroup.com/en/investors-and-shareholders/financial-key-figures.