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REGISTERED NUMBER: 02232808 (England and Wales)















BREITENFELD UK LIMITED

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






BREITENFELD UK LIMITED (REGISTERED NUMBER: 02232808)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BREITENFELD UK LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTOR: D P Walker





REGISTERED OFFICE: Unit B1
Clay Street
Sheffield
S9 2PF





REGISTERED NUMBER: 02232808 (England and Wales)





AUDITORS: Sheards
Chartered Accountants
& Statutory Auditors
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

BREITENFELD UK LIMITED (REGISTERED NUMBER: 02232808)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 100,040 103,674

CURRENT ASSETS
Stocks 180,066 219,117
Debtors 5 818,961 301,268
Cash at bank and in hand 677,331 465,867
1,676,358 986,252
CREDITORS
Amounts falling due within one year 6 (803,491 ) (280,956 )
NET CURRENT ASSETS 872,867 705,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,907

808,970

PROVISIONS FOR LIABILITIES 7 (6,592 ) (5,211 )
NET ASSETS 966,315 803,759

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 966,215 803,659
SHAREHOLDERS' FUNDS 966,315 803,759

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 director and authorised for issue on 15 November 2023 and were signed by:





D P Walker - Director


BREITENFELD UK LIMITED (REGISTERED NUMBER: 02232808)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Breitenfeld 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.

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.

On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company is expected to continue to generate positive cashflows on its own account for the foreseeable future.

Having assessed the responses of the directors of the parent company, Breitenfeld Edelstahl AG, the directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Breitenfeld Group to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Turnover is recognised upon despatch of goods to customers and upon completion of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 87 years
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 33% on cost and 10% on reducing balance
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 balance sheet date.


BREITENFELD UK LIMITED (REGISTERED NUMBER: 02232808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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.

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 113,941 296,210 410,151
Additions - 14,000 14,000
Disposals - (17,990 ) (17,990 )
At 30 June 2023 113,941 292,220 406,161
DEPRECIATION
At 1 July 2022 39,269 267,208 306,477
Charge for year 1,310 3,381 4,691
Eliminated on disposal - (5,047 ) (5,047 )
At 30 June 2023 40,579 265,542 306,121
NET BOOK VALUE
At 30 June 2023 73,362 26,678 100,040
At 30 June 2022 74,672 29,002 103,674

BREITENFELD UK LIMITED (REGISTERED NUMBER: 02232808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 817,901 300,524
Other debtors 1,060 744
818,961 301,268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 589,155 168,999
Taxation and social security 205,260 99,335
Other creditors 9,076 12,622
803,491 280,956

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 6,592 5,211

Deferred
tax
£   
Balance at 1 July 2022 5,211
Charge to Income Statement during year 1,381
Balance at 30 June 2023 6,592

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Carolyn Atkinson FCA (Senior Statutory Auditor)
for and on behalf of Sheards

BREITENFELD UK LIMITED (REGISTERED NUMBER: 02232808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


10. RELATED PARTY DISCLOSURES

During the year, the following transactions occurred with the parent company, on normal commercial terms:

Current Year Prior Year

Purchases 1,293,874 657,816
Management charges 104,803 51,458

Balancing owing to parent 516,417 92,351


11. 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.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

Breitenfeld Edelstahl AG is the immediate and ultimate parent company.

The parent company address is:
Breitenfeldsrasse 22
St. Barbara-Mitterdorf
Austria
ATU30181308