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REGISTERED NUMBER: 08956457 (England)















Financial Statements

for the Year Ended 31 December 2021

for

Falch Limited

Falch Limited (Registered number: 08956457)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Falch Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: E A Schroff
A Falch



REGISTERED OFFICE: Unit 42
Stakehill Industrial Estate
Middleton
Manchester
M24 2FL



REGISTERED NUMBER: 08956457 (England)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Falch Limited (Registered number: 08956457)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 86,425 137,408

CURRENT ASSETS
Inventories 257,595 300,914
Debtors 6 132,031 119,348
Cash at bank 56,792 67,266
446,418 487,528
CREDITORS
Amounts falling due within one year 7 415,345 633,247
NET CURRENT ASSETS/(LIABILITIES) 31,073 (145,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,498

(8,311

)

PROVISIONS FOR LIABILITIES 16,395 -
NET ASSETS/(LIABILITIES) 101,103 (8,311 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 101,003 (8,411 )
SHAREHOLDERS' FUNDS 101,103 (8,311 )

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 17 May 2022 and were signed on its behalf by:





E A Schroff - Director


Falch Limited (Registered number: 08956457)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The directors have been given assurance that this support will continue for the foreseeable future.

Turnover
Turnover represents the rental of equipment and sale of goods net of value added tax.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery etc - at varying rates from 7% to 33%

Government grants
Government grants received are recognised in the profit and loss account to match them with expenditure to which they are intended to contribute.

Stocks
Inventories 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.

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.

Falch Limited (Registered number: 08956457)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 375,514
DEPRECIATION
At 1 January 2021 238,106
Charge for year 50,983
At 31 December 2021 289,089
NET BOOK VALUE
At 31 December 2021 86,425
At 31 December 2020 137,408

6. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 96,690 83,304
Other debtors 18,483 19,186
115,173 102,490

Amounts falling due after more than one year:
Other debtors 16,858 16,858

Aggregate amounts 132,031 119,348

Falch Limited (Registered number: 08956457)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 14,830 8,299
Amounts owed to group undertakings 294,253 515,633
Taxation and social security 97,679 102,471
Other creditors 8,583 6,844
415,345 633,247

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 34,967 35,287
Between one and five years 52,048 87,015
87,015 122,302

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

11. PARENT COMPANY

The company's results are included in the consolidated accounts of the company's ultimate holding company incorporated in Germany; Falch GmbH, whose registered office is:
Street of Water Jetting 1
89143 Blaubeuren
Germany.