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REGISTERED NUMBER: 05103545 (England)















Financial Statements

for the Year Ended 31 December 2022

for

Bredent U.K. Limited

Bredent U.K. Limited (Registered number: 05103545)

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


Bredent U.K. Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: S C Denman



REGISTERED OFFICE: Unit 17
Tapton Innovation Centre
Brimington Road
Chesterfield
S41 0TZ



REGISTERED NUMBER: 05103545 (England)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



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

Bredent U.K. Limited (Registered number: 05103545)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 16,500 33,000
Tangible assets 6 25,182 25,738
41,682 58,738

CURRENT ASSETS
Stocks 527,787 548,668
Debtors 7 519,345 442,997
Cash at bank and in hand 308,538 215,208
1,355,670 1,206,873
CREDITORS
Amounts falling due within one year 8 248,490 161,619
NET CURRENT ASSETS 1,107,180 1,045,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,862

1,103,992

CREDITORS
Amounts falling due after more than one
year

9

(1,133,916

)

(1,112,782

)

PROVISIONS FOR LIABILITIES (2,208 ) -
NET ASSETS/(LIABILITIES) 12,738 (8,790 )

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 2,738 (18,790 )
SHAREHOLDERS' FUNDS 12,738 (8,790 )

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 21 November 2023 and were signed by:





S C Denman - Director


Bredent U.K. Limited (Registered number: 05103545)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Bredent U.K. 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 financial statements have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurances that this support will continue for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes for goods sold.
Turnover is recognised upon delivery of the goods to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

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 etc - 33% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.


Bredent U.K. Limited (Registered number: 05103545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


3. 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.

Leasing commitments
Rentals paid under operating leases are charged to profit and 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 (2021 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 165,000 50,471 215,471
AMORTISATION
At 1 January 2022 132,000 50,471 182,471
Charge for year 16,500 - 16,500
At 31 December 2022 148,500 50,471 198,971
NET BOOK VALUE
At 31 December 2022 16,500 - 16,500
At 31 December 2021 33,000 - 33,000

Bredent U.K. Limited (Registered number: 05103545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 73,523
Additions 5,600
At 31 December 2022 79,123
DEPRECIATION
At 1 January 2022 47,785
Charge for year 6,156
At 31 December 2022 53,941
NET BOOK VALUE
At 31 December 2022 25,182
At 31 December 2021 25,738

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 269,371 178,187
Amounts owed by group undertakings 196,678 193,712
Other debtors 53,296 71,098
519,345 442,997

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 12,948 25,619
Amounts owed to group undertakings 197,685 58,939
Taxation and social security 19,748 64,755
Other creditors 18,109 12,306
248,490 161,619

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 1,133,916 1,112,782

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
£    £   
Within one year 20,185 19,820
Between one and five years 31,421 4,688
51,606 24,508

Bredent U.K. Limited (Registered number: 05103545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
10,000 Ordinary 1 10,000 10,000

12. 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

13. PARENT COMPANY

The company's parent is Bredent GmbH & Co. KG, registered in Germany. The registered office address is:
Bredent GmbH & Co. KG
Weissenhorner, Strasse 2
89250 Senden
Germany