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REGISTERED NUMBER: 01330499 (England and Wales)






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: S Zinn
J K Taylor





SECRETARY: J W Ridgeway





REGISTERED OFFICE: Greenway House
Larkwood Way
Tytherington Business Park
Macclesfield
Cheshire
SK10 2XR





REGISTERED NUMBER: 01330499 (England and Wales)





AUDITORS: Heywood Shepherd
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 11,682 14,284

CURRENT ASSETS
Stocks 15,233 -
Debtors 5 330,180 210,441
Cash at bank and in hand 103,659 76,350
449,072 286,791
CREDITORS
Amounts falling due within one year 6 353,275 244,681
NET CURRENT ASSETS 95,797 42,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,479

56,394

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Retained earnings 94,979 43,894
SHAREHOLDERS' FUNDS 9 107,479 56,394

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

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 22 August 2022 and were signed on its behalf by:





J K Taylor - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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 12 (2020 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021 51,350 25,060 76,410
Additions 3,215 - 3,215
At 31 December 2021 54,565 25,060 79,625
DEPRECIATION
At 1 January 2021 37,066 25,060 62,126
Charge for year 5,817 - 5,817
At 31 December 2021 42,883 25,060 67,943
NET BOOK VALUE
At 31 December 2021 11,682 - 11,682
At 31 December 2020 14,284 - 14,284

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 7,806 -
Other debtors 2,100 2,100
VAT 43,356 12,738
Deferred tax asset 6,868 7,609
Prepayments and accrued income 44,299 79,762
Due from parent company 225,751 108,232
330,180 210,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 46,782 34,534
Corporation tax 11,358 2,816
Social security and other taxes 34,480 28,413
Accrued expenses 260,655 178,918
353,275 244,681

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Kennington BSc FCA (Senior Statutory Auditor)
for and on behalf of Heywood Shepherd

8. ULTIMATE CONTROLLING PARTY

The controlling party is Pfleiderer Deutschland GmbH.

The ultimate controlling party is Pfleiderer Group B.V. & Co. KG.

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 51,085 14,160
Dividends - (50,000 )
Net addition/(reduction) to shareholders' funds 51,085 (35,840 )
Opening shareholders' funds 56,394 92,234
Closing shareholders' funds 107,479 56,394