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REGISTERED NUMBER: 02327160 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

C E P Scherdel (GB) Limited

C E P Scherdel (GB) Limited (Registered number: 02327160)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C E P Scherdel (GB) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Delahaye
A Kapsch





REGISTERED OFFICE: Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB





REGISTERED NUMBER: 02327160 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

C E P Scherdel (GB) Limited (Registered number: 02327160)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,790 29,054

CURRENT ASSETS
Debtors 5 1,455 1,782
Cash at bank 10,829 9,273
12,284 11,055
CREDITORS
Amounts falling due within one year 6 34,271 33,556
NET CURRENT LIABILITIES (21,987 ) (22,501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(197

)

6,553

CREDITORS
Amounts falling due after more than one
year

7

2,193

8,772
NET LIABILITIES (2,390 ) (2,219 )

CAPITAL AND RESERVES
Called up share capital 8 13,000 13,000
Retained earnings 9 (15,390 ) (15,219 )
SHAREHOLDERS' FUNDS (2,390 ) (2,219 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

C E P Scherdel (GB) Limited (Registered number: 02327160)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





S Delahaye - Director


C E P Scherdel (GB) Limited (Registered number: 02327160)

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

1. STATUTORY INFORMATION

C E P Scherdel (GB) 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 management charges due from the parent company for the year for the marketing and sales of Scherdel products.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment, fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

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 1 (2022 - 1 ) .

C E P Scherdel (GB) Limited (Registered number: 02327160)

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

4. TANGIBLE FIXED ASSETS
Office
equipment,
fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 360 38,738 39,098
DEPRECIATION
At 1 January 2023 360 9,684 10,044
Charge for year - 7,264 7,264
At 31 December 2023 360 16,948 17,308
NET BOOK VALUE
At 31 December 2023 - 21,790 21,790
At 31 December 2022 - 29,054 29,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT 476 306
Prepayments 979 1,476
1,455 1,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 269 439
Hire purchase contracts 6,579 6,579
Trade creditors 893 178
Amounts owed to group undertakings 17,571 17,571
Tax 4 1
Social security and other taxes 7,472 7,357
Accrued expenses 1,483 1,431
34,271 33,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 2,193 8,772

C E P Scherdel (GB) Limited (Registered number: 02327160)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
13,000 Ordinary £1 13,000 13,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (15,219 )
Deficit for the year (171 )
At 31 December 2023 (15,390 )

10. RELATED PARTY DISCLOSURES

The whole of the company's turnover, £123,600 (2022 - £115,200) is received from other group companies.

Mr A Kapsch is a director of the immediate parent company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is CEP Scherdel GmbH.

The ultimate controlling party is S.Scherdel & Co. KG.

The immediate parent undertaking is CEP Scherdel GmbH, a company incorporated in Germany, which holds all of the issued share capital. The ultimate parent company undertaking is S.Scherdel & Co. KG, a partnership registered in Germany.