Robe UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04678389 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

Robe UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M J Hannaford

SECRETARY:

Mr L J Nash

REGISTERED OFFICE:

3 Spinney View

Stone Circle Road

Round Spinney Industrial Estate

Northampton

Northamptonshire

NN3 8RF

REGISTERED NUMBER:

04678389 (England and Wales)

AUDITORS:

Clifford Roberts - Statutory Auditor

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

70,613

32,572

70,613

32,572

CURRENT ASSETS

Inventories

824,587

462,362

Debtors

6

975,966

393,762

Cash at bank and in hand

3,647,918

2,503,983

5,448,471

3,360,107

CREDITORS

Amounts falling due within one year

7

2,178,630

658,137

NET CURRENT ASSETS

3,269,841

2,701,970

TOTAL ASSETS LESS CURRENT LIABILITIES

3,340,454

2,734,542

PROVISIONS FOR LIABILITIES

13,522

6,718

NET ASSETS

3,326,932

2,727,824

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

3,325,932

2,726,824

SHAREHOLDERS' FUNDS

3,326,932

2,727,824

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 August 2018 and were signed by:

Mr M J Hannaford - Director

1.	STATUTORY INFORMATION

Robe UK Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out

below.

Revenue

Turnover represents the invoiced sale of goods and services, excluding Value Added tax.

Sale of goods is recognised when significant risks and rewards of ownership of the goods have

transferred to the buyer and 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.

Goodwill and intangible assets

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets acquired separately from a business are capitalised at cost. Intangible assets

acquired on business combinations are capitalised separately from goodwill if the fair value can be

measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful lives.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

50% on cost and 25% on cost

Computer equipment

-

25% on reducing balance and Straight line over 3 years

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

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 operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

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

Debtors and creditors receivable / payable more than one year.

Debtors and creditors which are receivable or payable more than one year are measure initially at fair

value and are measured subsequently at amortised cost using the effective interest method, less any

impairment.

Derivatives

Derivative financial instruments are initially measured at fair value at the date on which a derivative

contract is entered into and are subsequently measured at fair value through profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2016 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

99,800

AMORTISATION

At 1 January 2017

and 31 December 2017

99,800

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2017

8,727

14,453

22,699

34,801

80,680

Additions

80,231

-

-

2,084

82,315

At 31 December 2017

88,958

14,453

22,699

36,885

162,995

DEPRECIATION

At 1 January 2017

6,968

10,219

1,892

29,029

48,108

Charge for year

28,072

4,234

5,674

6,294

44,274

At 31 December 2017

35,040

14,453

7,566

35,323

92,382

NET BOOK VALUE

At 31 December 2017

53,918

-

15,133

1,562

70,613

At 31 December 2016

1,759

4,234

20,807

5,772

32,572

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

892,379

292,923

Other debtors

83,587

100,839

975,966

393,762

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Payments on account

162,707

39,176

Trade creditors

17,592

12,511

Amounts owed to group undertakings

1,064,191

243,952

Taxation and social security

723,108

246,076

Other creditors

211,032

116,422

2,178,630

658,137

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

79,662

55,125

Between one and five years

34,280

57,750

113,942

112,875

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000

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

The Report of the Auditors was unqualified.

Andrew Greenhalgh ACA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts - Statutory Auditor

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in the Financial Reporting Standard 102 "Related

Party Disclosures" for a wholly owned subsidiary company not to disclose transactions with other

members of the wholly owned group headed by Robe Lighting S.R.O.

The ultimate controlling party is Robe Lighting S.R.O.

Registered Address

Hazovice 2090

75661

Roznov pod Radhostem

Czech Republic