REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2022 |
for |
Acerbis UK Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2022 |
for |
Acerbis UK Limited |
Acerbis UK Limited (Registered number: 06318590) |
Contents of the Financial Statements |
for the Year Ended 31 August 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Acerbis UK Limited |
Company Information |
for the Year Ended 31 August 2022 |
Director: |
Registered office: |
Registered number: |
Auditors: |
Chartered accountants and statutory auditors |
4 Beaconsfield Road |
St Albans |
Hertfordshire |
AL1 3RD |
Acerbis UK Limited (Registered number: 06318590) |
Balance Sheet |
31 August 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 5 |
Tangible assets | 6 |
Current assets |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 9 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 11 |
Retained earnings |
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 |
Acerbis UK Limited (Registered number: 06318590) |
Notes to the Financial Statements |
for the Year Ended 31 August 2022 |
1. | Statutory information |
Acerbis UK Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The comparative figures are unaudited. |
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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
Computer software is being amortised evenly over its estimated useful life of 5 years. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks 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. |
Acerbis UK Limited (Registered number: 06318590) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
2. | Accounting policies - continued |
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. |
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. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Auditors' remuneration |
2022 | 2021 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's financial statements |
5,000 |
- |
Acerbis UK Limited (Registered number: 06318590) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
5. | Intangible fixed assets |
Other |
intangible |
assets |
£ |
Cost |
At 1 September 2021 |
Additions |
At 31 August 2022 |
Amortisation |
At 1 September 2021 |
Charge for year |
At 31 August 2022 |
Net book value |
At 31 August 2022 |
At 31 August 2021 |
6. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 September 2021 |
Additions |
At 31 August 2022 |
Depreciation |
At 1 September 2021 |
Charge for year |
At 31 August 2022 |
Net book value |
At 31 August 2022 |
At 31 August 2021 |
Acerbis UK Limited (Registered number: 06318590) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
7. | Stocks |
2022 | 2021 |
£ | £ |
Stocks |
8. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
9. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
10. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2022 | 2021 |
£ | £ |
Within one year |
Between one and five years |
11. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
Acerbis UK Limited (Registered number: 06318590) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
12. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
13. | Post balance sheet events |
After the year end the company signed a ten year rental lease on a new warehouse. |
14. | Ultimate controlling party |
The controlling party is Mr G Acerbis. |
The ultimate parent company is Acerbis Italia SPA, registered in Italy, which prepares consolidated financial statements. |
Registered Office: |
Acerbis Italia SPA |
Via Serio 37 |
24021 Albino (BG) |
Italy |