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REGISTERED NUMBER: 01882428 (England and Wales)










AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HAVER & BOECKER UNITED KINGDOM LTD

HAVER & BOECKER UNITED KINGDOM LTD (REGISTERED NUMBER: 01882428)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAVER & BOECKER UNITED KINGDOM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr B L Pagenkemper





REGISTERED OFFICE: 24 Invincible Road
Farnborough
Hampshire
GU14 7QU





REGISTERED NUMBER: 01882428 (England and Wales)





AUDITORS: Bullimores LLP
Statutory Auditor & Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

HAVER & BOECKER UNITED KINGDOM LTD (REGISTERED NUMBER: 01882428)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,971 5,944

CURRENT ASSETS
Stocks - 111,472
Debtors 5 461,584 464,402
Cash at bank and in hand 263,822 1,000,404
725,406 1,576,278
CREDITORS
Amounts falling due within one year 6 91,847 367,723
NET CURRENT ASSETS 633,559 1,208,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,530

1,214,499

CREDITORS
Amounts falling due after more than one
year

7

(30,328

)

-

PROVISIONS FOR LIABILITIES (637 ) -
NET ASSETS 815,565 1,214,499

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 715,565 1,114,499
SHAREHOLDERS' FUNDS 815,565 1,214,499

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 June 2023 and were signed by:





Mr B L Pagenkemper - Director


HAVER & BOECKER UNITED KINGDOM LTD (REGISTERED NUMBER: 01882428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Haver & Boecker United Kingdom Ltd 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.

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


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 consists of income derived from the normal operating activities of the company during the year, net of discounts, retentions and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance and over the term of the lease
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

HAVER & BOECKER UNITED KINGDOM LTD (REGISTERED NUMBER: 01882428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 3,000 102,536 105,536
Additions - 237,706 237,706
At 31 December 2022 3,000 340,242 343,242
DEPRECIATION
At 1 January 2022 3,000 96,592 99,592
Charge for year - 30,679 30,679
At 31 December 2022 3,000 127,271 130,271
NET BOOK VALUE
At 31 December 2022 - 212,971 212,971
At 31 December 2021 - 5,944 5,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 171,787 273,362
Amounts owed by group undertakings 265,614 7,513
Other debtors 24,183 183,527
461,584 464,402

HAVER & BOECKER UNITED KINGDOM LTD (REGISTERED NUMBER: 01882428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 5,614 -
Trade creditors 9,721 5,256
Amounts owed to group undertakings 1,063 53,888
Taxation and social security 59,187 121,140
Other creditors 16,262 187,439
91,847 367,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 30,328 -

8. SECURED DEBTS

The company has a bank overdraft and commercial card facility that is secured by a fixed and floating charge over the assets of the company.

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were unable to get sufficient substantive evidence of invoices to support purchase transactions from our samples selected since invoices have not been fully retained. We are unable to apply other procedures such as reliance on controls.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note thirteen to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Nicholas Boot FCA (Senior Statutory Auditor)
On behalf of Bullimores LLP

10. OTHER FINANCIAL COMMITMENTS



Property
Vehicle
leasing

Total

Due less than 1 year36,2509,03445,284

Due 1-5 years145,00010,540155,540

Due more than 5 years72,50072,500
Total commitments253,75019,574273,324

HAVER & BOECKER UNITED KINGDOM LTD (REGISTERED NUMBER: 01882428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

11. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with group companies


2022 2021
£ £
Sales and Commissions earned
Haver & Boeker OHG 777,581 668,158
Behn & Bates Maschinenfabrik 2,233 -
Aventus GmbH 13,501 -



Purchases
Haver & Boeker OHG 244,141 220,534
Behn & Bates Maschinenfabrik - -
Haver &Boeker Polska SP.ZO.O - 33,334
Haver Niagara GmbH - -
Haver & Boeker Iberica 20,250 20,554

Net amounts owed by group companies
Haver & Boeker OHG 255,443 7,513
Behn & Bates Maschinenfabrik 2,233 -
Aventus GmbH 7,938 -



Net amounts owed to group companies
Haver & Boeker OHG - -
Behn & Bates Maschinenfabrik - -
Haver & Boeker Iberica - -
Haver Polska SP.ZO.O. 1,063 -



Dividends of £559,034 were paid to Haver & Boeker OHG during the year.

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. POST BALANCE SHEET EVENTS

There have been no significant post balance sheet events.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Haver & Boecker OHG.

Haver & Boecker OHG (incorporated in Germany) held 100% of the voting share capital for all of the year and is considered to be the parent and ultimate controlling party. The results and financial performance of Haver & Boecker United Kingdom are consolidated within the group accounts of the parent.

Haver & Boecker OHG
Carl-Haver-Platz 3
59302 Oelde
Germany