REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2021 |
for |
Pfleiderer UK Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2021 |
for |
Pfleiderer UK Limited |
Pfleiderer UK Limited (Registered number: 01330499) |
Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Pfleiderer UK Limited |
Company Information |
for the Year Ended 31 December 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
1 Park Street |
Macclesfield |
Cheshire |
SK11 6SR |
Pfleiderer UK Limited (Registered number: 01330499) |
Statement of Financial Position |
31 December 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS | 9 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Pfleiderer UK Limited (Registered number: 01330499) |
Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
1. | STATUTORY INFORMATION |
Pfleiderer UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents commissions and fees receivable from the parent company, and other group companies, for services in connection with sales made by the parent company in the United Kingdom. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Pfleiderer UK Limited (Registered number: 01330499) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
Hire purchase and leasing commitments |
Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term, except where the period to the review date on which the rent is first expected to be adjusted to prevailing market rate is shorter than the full lease term, in which case the shorter period is used. |
Pension costs and other post-retirement benefits |
The company contributes to various employees personal pension schemes and contributions are charge to profit and loss in the period to which they relate. |
Financial reporting standard number 8 |
The company has taken advantage of exemptions from disclosure under FRS 8 on the grounds that it is a wholly owned subsidiary of a company for which consolidated financial statements are publicly available. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 January 2021 |
Additions |
At 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
Pfleiderer UK Limited (Registered number: 01330499) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Deferred tax asset |
Prepayments and accrued income |
Due from parent company |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
Accrued expenses |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Pfleiderer Deutschland GmbH. |
The ultimate controlling party is |
The company's ultimate parent undertaking and controlling party is: Pfleiderer Group B.V. & Co. KG which is incorporated in Germany. It has included the company in its group accounts, copies of which are available from Pfleiderer Deutschland GmbH KG Ingolstaedter Strasse 51 92318 Neumarkt |
9. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
2021 | 2020 |
£ | £ |
Profit for the financial year |
Dividends | ( |
) |
Net addition/(reduction) to shareholders' funds | 51,085 | (35,840 | ) |
Opening shareholders' funds | 56,394 | 92,234 |
Closing shareholders' funds | 107,479 | 56,394 |