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Financial Statements for the Year Ended 31 December 2020 |
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ROBOT-COUPE (UK) LIMITED |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 December 2020 |
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for |
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ROBOT-COUPE (UK) LIMITED |
ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ROBOT-COUPE (UK) LIMITED |
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Company Information |
for the Year Ended 31 December 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants and Statutory Auditors |
Rosemount House |
Rosemount Avenue |
West Byfleet |
Surrey |
KT14 6LB |
ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Balance Sheet |
31 December 2020 |
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31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
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1. | STATUTORY INFORMATION |
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Robot-Coupe (Uk) Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The directors of the company have reviewed the company's financial performance and forecasts and consider the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing financial statements. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented. |
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Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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Tangible fixed assets |
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Leasehold additions | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Government grants |
Government grants are accounted for based on the accrual model. Revenue grants are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. |
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Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is based on price paid less any discount,on a first-in, first-out cost basis, and net realisable value is the estimated selling price less costs to sell. |
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At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the comprehensive income statement. Reversals of impairment losses are also recognised in the statement of comprehensive income. |
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ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account. |
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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. |
ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in non-puttable ordinary shares. |
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Cash and cash equivalents |
Cash and cash equivalents include cash in hand and deposits held at call with banks. |
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Other financial assets |
Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss account, except that investments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment. |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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Impairment of financial assets |
Financial assets, other than those held at fair value through profit and loss account, are assessed for indicators of impairment at each reporting end date. |
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Other financial liabilities |
Other financial liabilities, including debt instruments that do not meet the definition of a basic financial instrument, are measured at fair value through profit and loss account. |
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Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
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Dividend distribution |
Dividend distributions to the company's shareholders are recognised in the company's financial statements in the period in which the dividends are paid. |
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Leases |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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4. | TANGIBLE FIXED ASSETS |
Leasehold | Plant and | Motor |
additions | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2020 |
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Additions |
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Disposals |
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At 31 December 2020 |
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DEPRECIATION |
At 1 January 2020 |
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Charge for year |
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Eliminated on disposal |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 31 December 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.20 | 31.12.19 |
£ | £ |
Within one year |
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Between one and five years |
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ROBOT-COUPE (UK) LIMITED (REGISTERED NUMBER: 01393429) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.20 | 31.12.19 |
value: | £ | £ |
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B Ordinary | £1 | 2,500 | 2,500 |
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Allotted and issued: |
Number: | Class: | Nominal | 31.12.20 | 31.12.19 |
value: | £ | £ |
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A Ordinary | £1 | 7,500 | 7,500 |
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The Ordinary A shares and Ordinary B shares rank pari passu. |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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Paul Williams (Senior Statutory Auditor) |
for and on behalf of Brayne, Williams & Barnard Limited (Chartered Accountants and Statutory Auditors) |
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10. | RELATED PARTY RELATIONSHIPS AND TRANSACTIONS |
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Transactions in relation to loans with a director subsisted during the years ended 31 December 2020 and 31 December 2019: |
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31.12.20 | 31.12.19 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest has been charged on overdrawn directors loan accounts at the approved HM Revenue & Customs rate. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company's ultimate parent company is Hameur SA of 40 Rangwee L-2412 Luxembourg. |