Arodo (UK) Limited - Accounts to registrar (filleted) - small 23.2.5
Arodo (UK) Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 December 2023 |
| for |
| Arodo (UK) Limited |
| Arodo (UK) Limited (Registered number: 03537174) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Arodo (UK) Limited |
| Company Information |
| for the Year Ended 31 December 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditors |
| Roland House |
| Princes Dock Street |
| HULL HU1 2LD |
| Arodo (UK) Limited (Registered number: 03537174) |
| Balance Sheet |
| 31 December 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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 |
| Arodo (UK) Limited (Registered number: 03537174) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2023 |
| 1. | STATUTORY INFORMATION |
| Arodo (UK) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company is dependent on the continued financial support of its parent company, Arodo BV, a company registered in Belgium. The directors of Arodo BV have agreed to provide such support to the company to ensure that 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 spare part goods is recognised when goods are delivered and the legal title has passed. |
| Turnover from servicing work is recognised when the service has been provided. |
| Turnover from machinery manufacture and installation projects is recognised when the goods are shipped to the customer. |
| 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 |
| Arodo (UK) Limited (Registered number: 03537174) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2023 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 10,000 | 10,000 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2023 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 December 2023 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company purchased goods from Arodo BV totalling £2,833,869 (2022 £1,324,143). |
| During the year the company was charged management recharges of £43,609 (2022 £Nil) by Arodo BV. |
| At the balance sheet date an amount of £484,221 (2022 £136,682) was owed to Arodo BV. This amount is interest free and repayable on demand. |
| During the year the company paid dividends of £130,000 (2022 £Nil) to Arodo BV. |
| Arodo (UK) Limited (Registered number: 03537174) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2023 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The immediate controlling party is Arodo BV and the ultimate controlling party is Mr F Rochette. |