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REGISTERED NUMBER: 01053271 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Hatz Great Britain Limited

Hatz Great Britain Limited (Registered number: 01053271)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hatz Great Britain Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J D Wilmer





REGISTERED OFFICE: 4 Alan Bray Close
Dodwells Bridge Ind Estate
Hinckley
Leicestershire
LE10 3BP





REGISTERED NUMBER: 01053271 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Hatz Great Britain Limited (Registered number: 01053271)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,016 15,247

CURRENT ASSETS
Stocks 550,760 475,389
Debtors 5 1,811,928 2,142,495
Cash at bank and in hand 131,416 136,026
2,494,104 2,753,910
CREDITORS
Amounts falling due within one year 6 (211,146 ) (640,364 )
NET CURRENT ASSETS 2,282,958 2,113,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,294,974

2,128,793

PROVISIONS FOR LIABILITIES (122,759 ) (122,652 )
NET ASSETS 2,172,215 2,006,141

CAPITAL AND RESERVES
Called up share capital 766,000 766,000
Retained earnings 1,406,215 1,240,141
SHAREHOLDERS' FUNDS 2,172,215 2,006,141

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 18 February 2024 and were signed by:





J D Wilmer - Director


Hatz Great Britain Limited (Registered number: 01053271)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hatz Great Britain 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.

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 represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Hatz Great Britain Limited (Registered number: 01053271)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 the Income Statement in the period to which they relate.

Dilapidations
The company has a contractual obligation at the year end to restore its leased building to its condition at the beginning of the lease. A provision has been made for the expected future costs under this contractual obligation.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 158,728 149,567 93,198 5,351 406,844
DEPRECIATION
At 1 January 2023 145,236 149,567 91,445 5,349 391,597
Charge for year 1,730 - 1,501 - 3,231
At 31 December 2023 146,966 149,567 92,946 5,349 394,828
NET BOOK VALUE
At 31 December 2023 11,762 - 252 2 12,016
At 31 December 2022 13,492 - 1,753 2 15,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,162,662 1,740,903
Amounts owed by group undertakings 609,584 274,333
Corporation tax - 83,029
Prepayments and accrued income 39,682 44,230
1,811,928 2,142,495

Hatz Great Britain Limited (Registered number: 01053271)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 61,210 216,734
Amounts owed to group undertakings - 5,802
Corporation tax 17,101 -
Social security and other taxes 91,332 381,383
Other creditors 388 -
Accruals and deferred income 41,115 36,445
211,146 640,364

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Credit card 4,251 3,386

The company's bank, HSBC Bank Plc, holds fixed and floating charges over the assets of the company in respect of a credit card facility.

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

The Report of the Auditors was unqualified.

Mark Torr FCCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited

9. FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £474,824 (2022 - £509,103).

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Motorenfabrik Hatz Gmbh & Co KG, incorporated in Germany and whose company's registered office is Ernst-Hatz-Straße 16, 94099 Ruhstorf an der Rott, Germany.