REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
HAVER & BOECKER UNITED KINGDOM LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
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 |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 January 2022 |
Additions |
At 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
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 |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Hire purchase contracts |
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. |
On behalf of |
10. | OTHER FINANCIAL COMMITMENTS |
Property | Vehicle leasing | Total |
Due less than 1 year | 36,250 | 9,034 | 45,284 |
Due 1-5 years | 145,000 | 10,540 | 155,540 |
Due more than 5 years | 72,500 | 72,500 |
Total commitments | 253,750 | 19,574 | 273,324 |
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 (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 |