NORMAN GLENN KITCHENS & INTERIORS LIMITED - Annual Accounts

Form: AA - Annual Accounts

FULL ACCOUNTS MADE UP TO 31/12/10

Filed on: 20 Sep 2011

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Company Number ########
NORMAN GLENN KITCHENS & INTERIORS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED ## ST DECEMBER ####
INDEX
General Information
Directors' Report
Independent Auditor's Report
Profit & Loss Account
Balance Sheet
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COMPANIES HOUSE
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NORMAN GLENN KITCHENS & INTERIORS LIMITED
DIRECTORS
E Duffner (Resrgned ## ## ####)
M M GiIi
SECRETARY
P K Manster
REGISTERED OFFICE
## Westlands Way
Oxted
Surrey
RH# OND
BANKERS
NZIIODSI Westmmster Bank PLC
# Pnnces Street
London
EC#R #PA
INDEPENDENT AUDITORS
KPMG LLP
Chartered Accountants and Regnstered Audltor
Aquls Court
## Flshpool Street
St Albans
AL# #RF
Page #

Page #
NORMAN GLENN KITCHENS & INTERIORS LIMITED
DIRECTORS' REPORT FOR YEAR ENDED ##ST DECEMBER ####
The directors present their report and the audited financial statements for the year ended
## St December ####
PRINCIPAL ACTIVITIES
The company pprincipal SCIIVIIIGS continued to be kitchen and bedroom specialists
DIVIDENDS
DIvIdends paid during the year comprise an InterIm dividend of £#,### per share In respect of the
year ended ##St December #### (#### ENIL) No tonal dividend IS proposed by the directors
REVIEW OF BUSINESS
A very difficult trading year, but Insplte of the difficult trading conditions, the company's turnover
and profit figures were In line with expectations
PRINCIPAL RISKS AND UNCERTAINTIES
From the DSISDSCIIVS of the company, the PFIDCIDBI risks and uncertain Ties are Integrated with the
principal risks of the group and are not managed separately AccordIngiy, the principal risks and
uncertainness of Nobia AB, which Include those of the company, are discussed In the group‘s annual
report, which does not form part of this report
KEY PERFORMANCE INDICATORS ("KPIs")
The directors of Nobia AB manage the group‘s operations on a divisional basis For this reason, the
company dIrectors believe that analysis using key performance IndIcators for the company IS not
necessary or appropriate for an under Standing of the development, performance or DOSIIIOD of the
business of Norman Glenn Kltchens & interiors Ltd The development, performance and position of
the business divisions, which Includes the company, IS discussed In the group‘s annual report,
which does not form part of this report
FUTURE DEVELOPMENTS
As In DFBVIOUS years, the company iii ccontinue to develop IIS product and service offering during the
the year ahead and focus further on retaining It's market place In the still deft#cult trading conditions
Further Improvements to the studio are planned to ensure that the Image the company reflects remains
In line with Its product
DIRECTORS
The directors who served during the year were
E Duffner (Reslgned ## ## ####)
M M GIII

Page #
NORMAN GLENN KITCHENS & INTERIORS LIMITED
DIRECTORS' REPORT FOR YEAR ENDED ## ST DECEMBER #### (continued)
STATEMENT OF DIRECTORS' RESPONSIBILITIES IN RESPECT OF THE DIRECTORS' REPORT
AND THE FINANCIAL STATEMENTS
The directors are responsible for perparing the DIrectors' Report and the t#financial statements In
accordance with applicable law and regulations
Company law re Quires the directors to prepare financial statements for each t#financial year Under that
law they have elected to prepare the financial statements In accordance with UK AccountIng Standards
and applicable law (UK Generally Accepted AccountIng PractIce)
Under company law the directors must not approve the financial statements unless they are satisfied
that they QIVB a true and fair VI€W of the state of affairs of the company and of the profit or loss of the
company for that period In perparing these financial statements, the directors are required to
- select suitable accounting policies and then apply them consistently,
- make Iudgements and estimates that are reasonable and prudent,
- state whether applicable UK AccountIng Standards have been followed, subject to any material
departures disclosed and explained In the financial statements, and
- prepare the #financial statements on the going concern basis unless It IS InapproprIate to presume
that the company will continue In business
The directors are responsible for keeping adequate accounting records that are sift#cent to show and
explain the company trans Actions and disclose with reasonable accuracy at any time the t#financial
position of the company and enable them to ensure that the financial statements comply with the
CompanIes Act #### They have general responsibility for taking such steps as are reasonably open
to them to safeguard the assets of the company and to prevent and detect fraud and other IrreguiarItIes
DISCLOSURE OF INFORMATION TO AUDITORS
The directors who held office at the date of approval of this directors' report conform that, as far as they
are each aware, there IS no relevant audit InformatIon of which the company BUOIIOFS are unaware, and
each director has taken all the steps that he ought to have taken as a director to make himself aware of
any relevant audit InformatIon and to establish that the Companys auditors are aware of that InformatIon
AUDITORS
Pursuant to section ### of the CompanIes Act ####, the auditors will be deemed to be reappointed
and KPMG LLP wile therefore continue In office
REGISTERED OFFICE SIGNED BY ORDER OF THE BOARD
## Westlands Way
Oxted, Surrey ## .# f ZJ//
RH# OND
af Ill - DIrector

Page #
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORMAN GLENN KITCHENS
& INTERIORS LIMITED
We have audited the financial statements of Norman Glenn KItchens #- tenors Llmilled for the
year ended ##St December #### set out on pages # to ## The financial re Porting framework that
has been applied In thier preparation IS applicable by-law and UK AccountIng Standards (UK
Generally Accepted AccountIng PractIce)
The report IS made solely to the company members, as a body, In accordance with Chapter # of
Part ## of the CompanIes Act #### Our audit work has been undertaken so that we might state to
the company members those matters we are required to state to them In an auditors' report and for
no other purpose To the fullest extent permitted by law, we do no accept or assume FBSDODSIDIIIIY
to anyone other than the company and the company members as a body, for our audit work, for
this report, or for the opinions we have formed
Respective responsibilities of directors and #Udlt#I'S
As explained more fully In the DIFBCIOTS' ResponsIbIlItIes Statement set out on page #, the directors
are responsible for the preparation of the financial statements and for being SBIISIISO that they give a
true and fair VIEW Our responsibility IS to audit, and express an opinion on, the financial statements
In accordance with applicable law and international Standards on AudItIng (UK and Ireland) Those
standards re Quire us to comply with the AudItIng PTBCIICES Board‘s (APB's) EthIcaI Standards
for AudItors
Scope of the audit of the financial statements
A description of the scope of an audit of financial statements IS provided on the APB's W€basis€ at
WWW fr ogr UK/ape/scope/private cm
OpInion on financial statements
In our opinion the financial statements
- give a true and fair VIEW of the state of the company aff Airs as at ## December #### and of IIS
prohibit for the year then ended,
- have been properly prepared In accordance with UK Generally Accepted AccountIng PYGCIICC,
and
- have been prepared In accordance with the requirements of the CompanIes Act ####
Opinion on other matter prescribed by the Companies Act ####
In our opinion the InformatIon given In the DIrectors' Report for the financial year for which the
#financial statements are prepared IS consistent with the financial statements

Page #
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORMAN GLENN KITCHENS
& INTERIORS LIMITED (Contmued)
Matters on which we are required to report by exception
We have no Thing to report In respect of the following matters where the CompanIes Act ####
re Quires us to report to you If, In our opinion
- adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us, or
-the financial statements are not In agreement with the accounting records and returns, or
- certain disclosures of directors' remuneration $p€CifI€d by law are not made, or
- we have not received all the InformatIon and explanations we re Quire for our SUOII
AIMM
A Mead (Senlor Statutory Auditor) ‘I
for and on behalf of KPMG LLP, Statutory AudItor
Chartered Accountants
Aquls Court
## FIshpool Street
St Albans
AL# # RF
UnIted Klngdom
'#on\

Page #
NORMAN GLENN KITCHENS & INTERIORS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED ## ST DECEMBER ####
Note @ Q
ContInuIng Operatuons £ E ,
TURNOVER # #,###,### #,###,###
Cost of sales ( #,###,### ) ( #,###,### )
GROSS PROFIT ###,### ###,###
DIstrIbutIon costs ( ##,### ) ( ##,### )
AdmInIstratIve expenses ( ###,### ) ( ###,### )
OPERATING PROFIT # ###,### ###,###
Interest payable and similar charges ( #,### ) ( ### )
PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION ###,### ###,###
Tax on profit on ordinary BCIIVIIIBS # ( ##,### ) ( ##,### )
PROFIT FOR THE FINANCIAL YEAR ## ###,### ;##,###
There IS no material difference between the profit on ordinary SCIIVIIIGS before taxation and the
profit for the financial year stated above and historical costs equivalent
The company has no recognised gains and losses other than the profit for the financial year
above and therefore no separate statement of recognised gains and losses has been prepared
Notes to financial statements from page # to ## form an Integral part of these financial statements

Page #
NORMAN GLENN KITCHENS & INTERIORS LIMITED
COMPANY NUMBER ########
BALANCE SHEET AS AT ##ST DECEMBER ####
I
Note #### ####
£ £ E £
FIXED ASSETS
Tangible assets # ###,### ###,###
CURRENT ASSETS
Stocks and work In progress # ###,### ###,###
Debtors # #,###,### #,###,###
Cash at bank and In hand ###,### ###,###
#,###,### #,###,###
CURRENT LIABILITIES
CredItors Amounts falling due
within one year # ( #,###,### ) ( #,###,### )
NET CURRENT ASSETS ###,### ###,###
NET ASSETS #,###,### #,###,###
OTHER LIABILITIES
ProvIsIons for liabilities ## ( ##,### ) ( ##,###
#,###,### #,###,###
CAPITAL AND RESERVES
Called up share capital ## ### ###
Proht and loss account ## #,###,### #,###,###
SHAREHOLDERS' FUNDS ## #,###,### #,###,###
The Pancras sstatements on pages # to ## were approved by the board of directors on the
Zof O@'#,d#// and signed on Its behalf by -
M M GIII - DIre tor
Notes to the Nancy sttenements from page # to ## form an Integral part of these financial statements

Page #
NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ##ST DECEMBER ####
#. ACCOUNTING POLICIES
The folio Wing accounting DDIICIGS have been applied consistently In deaning with Items which are
considered material In relation to the company tfinancial statements, except as noted below
The folio Wing amendments to standards have been adopted In these financial statements for the first
time, however none of these have any material effect on the financial statements and there has been
no need for a change In accounting policy or a prior year adjustment as a result
- Improvements to FRSs there have been no changes to accounting or presentation as a result of the
Improvements to FRSs Implemented during the period
BBSIS of Preparation
The IinancIaI statements are prepared on a going concern basis under the historical cost convention and
In accordance with the CompanIes Act #### and applicable accounting standards
Under FRS # 'Cash Flow Statements' the Company IS exempt from the requirement to prepare a cash
tow sstatement on the grounds that a parent undertaking Includes the Company In IIS own published
consolidated financial statements
As the Company IS a wholly owned subsidiary of Nobia AB (pub ), the Com pant has taken advantage
of the exemption contained In FRS # 'Related Party TransactIons' and has therefore not disclosed
transactions or balances with entities which form part of the group (or Investees of the group qualifying
as related par Ties) The consolidated financial statements of Nobia AB (pub ), within which this
Company IS Included, can be obtained from the address given In note ##
Foreign currencies
TransactIons In foreign currencies are recorded using the rate of exchange ruleing at the date of the
transact Ion Monetary assets and liabilities denominated In foreign currencies are translated using the
contracted rate or rate of exchange ruleing at the balance sheet date and the gains or losses on translation
are Included In the profit and loss account
Post - retirement benefits
The Company operates a defined contribution pension scheme The assets of the scheme are held
separately from those of the Company In an Independent ad Ministered fund The amount charged
to the prom and loss account represents the contribution payable to the scheme In respect of the
accounting period
TangIbie fixed assets and depreciation
TangIbIe fixed assets are stated at cost, less accumulated depreciation and any pro Visions for
Impalrment
DeprecIatIon IS calculated to VVI'II€ off the cost less the estimated residua vslue of tangible fixed assets
of each asset over Its expected useful life at the flowing annull rates
DIspIay EquIpment ##% r Educing balance
Plant and EquIpment ##% r Educing balance
Motor Vehlcles ##% r Educing balance
Short Term Leasehold Property Over period of the lease

Page #
NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ## ST DECEMBER #### (continued)
Stocks and Work in Progress
Stocks and work In progress are stated at the lower of cost or net realisable value
Taxation
The charge for taxation IS based on the profit for the year and takes Into account taxation deferred
because of timing differences between the treatment of certain Items for taxation and accounting purposes
Deferred tax IS recognised, without dis Counting, In respect of all timing differences between the treatment
of certain Items for taxation and accounting purposes which have a Risen but not reversed by the balance
sheet date, except as other Wise required by FRS ## 'Deferred Tax'
Finance and operating leases
Costs In respect of operating leases are charged In arriving at the operating DTOIII
Assets acquired under finance leases are accounted for In accordance with SSAP## The related
capital element of rental obligations IS Included In the balance sheet The Interest element, as
calculated by the sum of OIQIIS method, IS charged In the profit and loss account The assets are
depreciated over the shorter of the lease terms and their expected useful lives
Assets held under hire purchase agreements are Capllallsed and depreciated over their useful lives
The corresponding lease obligation IS treated In the balance sheet as a liability The Interest element IS
charged to the profit and loss account over the period of the agreement at a constant pro Portion of the
out Standing balance of capital repayments
#. TURNOVER
Turnover relates to the principal BCIIVILY of the company undertaken with customers In the UnIted KIngdom,
excluding value added tax Revenue IS recognised upon de Livery In cases where InstallatIon S€l’VIC€S are
provided, revenue on the InstallatIon services IS recognised when the SEFVICB has been completed

NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ## ST DECEMBER #### (continued)
# OPERATING PROFIT
ThIs IS stated after charging Note y
£
DeprecIatIon of tangible fixed assets # ##,###
AudItors' remuneration for audit services #.###
Loss on disposal of fixed assets #,###
OperatIng lease costs for land and buildings ##,###
Page ##
####
£
##,###
#,###
##,###
DurIng the year, the directors received no remuneration for their den/Ices as directors to this company
#. EMPLOYEE INFORMATION
Employee costs'
Wages and salaries
SocIaI security costs
Penslon costs
The average monthly number of persons (IncIudIng GXSCUIIVB
directors) employed by the company during the year was
Office and management
TechnIcaI and selling
####
E
###,###
##,###
#,###
###,###
####
Number
#
####
£
###,###
##,###
#.###
### ,###
####
Number
#
; _i
# #

Page ##
NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ##ST DECEMBER #### (continued)
#. TAXATION
( a )AnalysIs of charge In period Note @ Q
Current tax E E
UK corporation tax on profits for the year ##,### ##,###
Total current tax charge ##,### ##,###
Deferred tax'
TImIng differences - -
Adjustments In respect of previous periods - -
Total deferred tax ## - -
Tax on profit on ordinary activates ##,### ##,###
( b ) Factors affecting the tax charge for the current period
The current tax charge for the year IS higher (#### lower) than the standard rate of corporation tax In
the UK (## #%, #### ## #%) The differences are explained below
#### ####
£ £
Profit on ordinary activities before tax ###,### ###,###
Current tax at ## #% (#### ## #%) ##,### ##,###
Effects of
DeprecIatIon for period In excess of/ (less than) capita aallowances #,### -
Expenses not deductible for tax purposes - ( ### )
Current tax charge for the year ##,### ##,###
( c ) Factors affecting the tax charge In future DBFIOOS
On ## March ####, the Chancellor announced the reduction In the main rate of UK CorporatIon Tax to ##%
with effect from # AprII #### ThIs charge became substantially enacted on ## March #### and therefore
the effect of the rate reduction creates a reduction In the deferred tax asset which has been Included In
the figures above
The Chancellor also proposed changes to further reduce the main rate of UK COYDOIZIIOO Tax by #% per
annum to ##% by # AprII #### but these changes were not substantially enacted at the balance sheet
date and therefore are not Included In the figures above

NORMAN GLENN KITCHENS & INTERIORS LIMITED
Page ##
NOTES T# THE ACCOUNTS
FOR THE YEAR ENDED ## ST DECEMBER #### (continued)
# TANGIBLE FIXED ASSETS ## ## ## ## ## ##
Opemng AdditIons DIsposaIs CIosIng
Balance Balance
£ £ £ £
E
DIsplay equipment ###,### ##,### #,### ) ###,###
Plant and equipment ##,### - - ) ##,###
Motor vehicle ##,### - ##,### ) -
Short term leasehold property ###,### - - ) ###,###
###,### ##,### ##,### ) ###,###
Openmg Charges DIsposals Closnng
Balance For Year Balance
E £ £ £
DBQYBCIBYIOD
DIsplay equipment ##,### ##,### #,### ) ###,###
Plant and equipment ##,### #,### - ) ##,###
Motor vehicle ##,### - ##,### ) -
Short term leasehold property ##,### #,### - ) ##,###
###,### ##,### ##,### ) ###,###
#peening ClosIng
Balance Balance
£ £
Net Book Amount
DISDISY equipment ###,### ###,###
Plant and equipment ##,### ##,###
Motor vehicle #,### -
Short term leasehold property ##,### ##,###
###,### ####

NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ##ST DECEMBER #### (continued)
#. STOCKS AND WORK IN PROGRESS
FInIshed goods and goods for resale
Work In progress
#. DEBTORS
Trade Debtors
Amounts due by group undertakings
Other debtors
Prepayments and accrued Income
#. CREDITORS - Amounts falling due within one year
Payments received on account
Trade creditors
Amounts owed to group undertakings
SocIal SGCUFIIY costs and other taxes
Current corporation tax
Accruals
Page ##
#### ####
E E
##,### ##,###
###,### ###,###
###,### ###,###
### # ####
£ £
- ##,###
#,###,### #,###,###
- ##
##,### ##.###
#,###,### #,###,###
#### ####
£ E
###,### ###,###
##,### ###,###
###,### ###,###
##,### ##,###
##,### ##,###
##,### ## ,###
#,###,### #,###,###

NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ##ST DECEMBER #### (continued)
## PROVISIONS FOR LIABILITIES AND CHARGES
Deferred Taxation
#St January ####
Charged to prom & loss account (note #)
UIIIISOO during the year
## St December ### #
ProvIsIon for deferred tax
Drfference between accumulated depreciation and capital allowances
Total provision for deferred tax
## SHARE CAPITAL
Authorlsed
OrdInary Shares ##,### @ £# each
Allotted, called up and fully paid
OrdInary Shares ### @ £# each
##. OPERATING LEASE COMMITMENTS
The company has annual commitments under operating leases for land and buldings as follows
ExpIrIng In the second to fifth years IncIusIve
##. DIVIDENDS
Lenten dividends paid In respect of current year
Page ##
£
##,###
# #,###
#### ####
£ £
# #,### # #,###
# #,### ##,###
#### ####
E £
##,### ##,###
#### ####
£ £
### ###
### # ####
£ E
##,### ##,###
#### ####
£
£
###,### -

Page ##
NORMAN GLENN KITCHENS & INTERIORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED ##ST DECEMBER #### (continued)
##. PROFIT AND LOSS ACCOUNT
E
Balance as at #St January #### #,###,###
PfOfII for the financial year ###,###
DIvIdends on shares classified In shareholders' funds ( ###,### )
Balance as at ##St December #### #,###,###
##. RECONCILIATION OF MOVEMENTS #### ####
IN SHAREHOLDERS' FUNDS £ £
Profit for the financial year ###,### ###,###
DIvIdends on shares classified In shareholders' funds ( ###,### ) -
Net (reduction of)/addition to shareholders' funds ( ###,### ) ###,###
OpenIng shareholders' funds #,###,### ###,###
Closlng shareholders' funds #,###,### #,###,###
## PENSION SCHEME
The Company operates a defined contribution pension scheme The pension costs charged for the DSFIOO
represents contributions payable by the Company to the scheme and amounted to £#,### (#### £#,###)
ContrIbutIons a Mounting to £#,### (#### £#,###) were payable to the scheme and are Included In creditors
## ULTIMATE PARENT COMPANY
The directors regard Poggenpohl UK Ltd, a company Incorporated In UnIted KIngdom, as the ImmedIate
parent company The Company IS a SUbSldy undertaking of Nobia AB (pub )which IS the ultimate
parent company Incorporated In Sweden
The largest group In which the results of the company are consolidated IS that headed by
Nobia AB (pub ), Incorporated In Sweden COPIES of the consolidated financial statements can be
obtained from Nobia AB (pub ), PO Box #####, S - #####, Stockholm, Sweden The smallest group
In which they are consolidated IS that headed by Poggenpohl Moebelwerke GmbH, Incorporated In
Germany COPIGS of the consolidated financial statements can be obtained from Poggenpohl
Moebelwerke GmbH, Poggenpohlstrasse #, DE - ##### Herford, Germany
##. CONTINGENT LIABILITIES
The overdraft of the UK based company IS secured by cross guarantees between the company and Its
fellow UK group companies The net out Standing overdraft at the year end was ENIL (#### ENIL)