Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31truetrue2021-01-01falseNo description of principal activity1919The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01526715 2021-01-01 2021-12-31 01526715 2020-01-01 2020-12-31 01526715 2021-12-31 01526715 2020-12-31 01526715 c:Director3 2021-01-01 2021-12-31 01526715 d:Buildings d:LongLeaseholdAssets 2021-01-01 2021-12-31 01526715 d:Buildings d:LongLeaseholdAssets 2021-12-31 01526715 d:Buildings d:LongLeaseholdAssets 2020-12-31 01526715 d:PlantMachinery 2021-01-01 2021-12-31 01526715 d:PlantMachinery 2021-12-31 01526715 d:PlantMachinery 2020-12-31 01526715 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 01526715 d:FurnitureFittings 2021-01-01 2021-12-31 01526715 d:FurnitureFittings 2021-12-31 01526715 d:FurnitureFittings 2020-12-31 01526715 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 01526715 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 01526715 d:CurrentFinancialInstruments 2021-12-31 01526715 d:CurrentFinancialInstruments 2020-12-31 01526715 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01526715 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 01526715 d:ShareCapital 2021-12-31 01526715 d:ShareCapital 2020-12-31 01526715 d:RetainedEarningsAccumulatedLosses 2021-12-31 01526715 d:RetainedEarningsAccumulatedLosses 2020-12-31 01526715 c:FRS102 2021-01-01 2021-12-31 01526715 c:Audited 2021-01-01 2021-12-31 01526715 c:FullAccounts 2021-01-01 2021-12-31 01526715 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01526715 d:WithinOneYear 2021-12-31 01526715 d:WithinOneYear 2020-12-31 01526715 d:BetweenOneFiveYears 2021-12-31 01526715 d:BetweenOneFiveYears 2020-12-31 01526715 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2021-12-31 01526715 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2020-12-31 01526715 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2021-12-31 01526715 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2020-12-31 01526715 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2021-12-31 01526715 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2020-12-31 01526715 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 01526715 6 2021-01-01 2021-12-31 01526715 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 01526715 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 01526715









ZELLER+GMELIN UK LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
ZELLER+GMELIN UK LIMITED
REGISTERED NUMBER: 01526715

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
15,079
13,894

Investments
 5 
1
1

  
15,080
13,895

Current assets
  

Stocks
  
577,381
695,664

Debtors: amounts falling due within one year
 6 
988,548
817,880

Cash at bank and in hand
  
137,835
280,747

  
1,703,764
1,794,291

Creditors: amounts falling due within one year
 7 
(932,714)
(842,784)

Net current assets
  
 
 
771,050
 
 
951,507

Total assets less current liabilities
  
786,130
965,402

Provisions for liabilities
  

Deferred tax
 8 
(1,290)
(2,459)

Net assets
  
784,840
962,943


Capital and reserves
  

Called up share capital 
  
211,500
211,500

Profit and loss account
  
573,340
751,443

  
784,840
962,943


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 7 April 2022.

P Regan
Director

The notes on pages 3 to 11 form part of these financial statements.
Page 1

 
ZELLER+GMELIN UK LIMITED
REGISTERED NUMBER: 01526715
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021


Page 2

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Zeller+Gmelin UK Limited ("the Company") manufacture and sell inks. The Company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, Leytonstone, London, E11 1GA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Where stock is held by third parties on behalf of the Company, sales are not recognised until the goods are sold onto the end customer. Once the goods are sold to the third party, the company recognises revenue when the above criteria are met.  

Page 3

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual bases:

Short-term leasehold premises
-
Over the length of the lease
Plant and machinery
-
10% to 33% straight line
Furniture, fittings and equipment
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of income and retained earnings.
Foreign exchange gains and losses are presented in the statement of income and retained earnings within administrative expenses. 

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.14

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.15

Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.16

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Page 6

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.18

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2020 - 19).

Page 7

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Short-term leasehold premises
Plant and machinery
Furniture, fittings and equipment
Total

£
£
£
£



Cost


At 1 January 2021
334,917
250,879
86,931
672,727


Additions
-
6,491
2,670
9,161



At 31 December 2021

334,917
257,370
89,601
681,888



Depreciation


At 1 January 2021
332,592
242,136
84,105
658,833


Charge for the year on owned assets
332
6,972
672
7,976



At 31 December 2021

332,924
249,108
84,777
666,809



Net book value



At 31 December 2021
1,993
8,262
4,824
15,079



At 31 December 2020
2,325
8,743
2,826
13,894


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2021
1



At 31 December 2021
1




Page 8

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Trade debtors
900,410
718,352

Amounts owed by group undertakings
7,636
30,546

Other debtors
8,383
-

Prepayments
72,119
68,982

988,548
817,880



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
34,454
-

Trade creditors
141,173
209,177

Amounts owed to group undertakings
457,204
507,762

Corporation tax
-
20,323

Other taxation and social security
130,177
38,079

Other creditors
5,715
5,464

Accruals and deferred income
163,991
61,979

932,714
842,784


Page 9

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Deferred taxation




2021


£






At beginning of year
(2,459)


Credited to profit or loss
1,169



At end of year
(1,290)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(1,290)
(2,459)


9.


Pension commitments

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the funds in respect of the year. 
The assets of the scheme are held separately from those of the Company in independently managed funds. Outstanding contributions to the scheme at the year end were £5,715 
(2020 - £5,464). The pension charge for the year amounted to £47,240 (2020 - £46,852)

Page 10

 
ZELLER+GMELIN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

10.


Commitments under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
103,919
103,919

Later than 1 year and not later than 5 years
207,838
311,756

311,757
415,675

2021
2020

£
£


Not later than 1 year
29,463
27,194

Later than 1 year and not later than 5 years
29,991
44,551

59,454
71,745


11.


Related party transactions

The Company has taken the exemption available under FRS 102 Section 33 'Related Party Transactions' not to disclose inter-group information. 


12.


Parent undertaking

The ultimate parent company in the current and preceding year is Zeller & Gmelin GmbH & Co. KG, a company incorporated in Germany. The Company is included in the consolidated accounts prepared by Zeller & Gmelin GmbH & Co. KG and copies of those accounts can be obtained from the parent company's registered office. 


13.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 7 April 2022 by Andrew Barnes (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 11