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REGISTERED NUMBER: 04431835 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MAY 2023

FOR

KAYSER (UK) LIMITED

KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KAYSER (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MAY 2023







DIRECTOR: C S Jones





SECRETARY: Mrs H L Jones





REGISTERED OFFICE: Off Sandall Lane
Kirk Sandall Industrial Estate
Doncaster
South Yorkshire
DN3 1FB





REGISTERED NUMBER: 04431835 (England and Wales)






KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)

BALANCE SHEET
29 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 155,063 183,074
155,063 183,074

CURRENT ASSETS
Stocks 682,691 395,596
Debtors 6 121,735 -
Cash at bank 1,340,776 1,364,091
2,145,202 1,759,687
CREDITORS
Amounts falling due within one year 7 406,914 477,299
NET CURRENT ASSETS 1,738,288 1,282,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,893,351

1,465,462

CREDITORS
Amounts falling due after more than one
year

8

(13,854

)

(22,604

)

PROVISIONS FOR LIABILITIES (27,885 ) (25,240 )
NET ASSETS 1,851,612 1,417,618

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,851,610 1,417,616
SHAREHOLDERS' FUNDS 1,851,612 1,417,618

KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)

BALANCE SHEET - continued
29 MAY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 20 February 2024 and were signed by:





C S Jones - Director


KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

1. STATUTORY INFORMATION

Kayser (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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Company website
The company has invested in a website. It is believed that it has a working life of three years and has been depreciated accordingly. Consequently, amortisation has been provided at 33.3 per cent on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.


KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 30 May 2022
and 29 May 2023 17,809
AMORTISATION
At 30 May 2022
and 29 May 2023 17,809
NET BOOK VALUE
At 29 May 2023 -
At 29 May 2022 -

KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2023

5. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 30 May 2022 72,349 170,471 124,162 8,389 375,371
Additions - 1,788 - - 1,788
At 29 May 2023 72,349 172,259 124,162 8,389 377,159
DEPRECIATION
At 30 May 2022 39,123 56,777 88,008 8,389 192,297
Charge for year 3,618 17,143 9,038 - 29,799
At 29 May 2023 42,741 73,920 97,046 8,389 222,096
NET BOOK VALUE
At 29 May 2023 29,608 98,339 27,116 - 155,063
At 29 May 2022 33,226 113,694 36,154 - 183,074

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 30 May 2022
and 29 May 2023 56,822
DEPRECIATION
At 30 May 2022 8,523
Charge for year 7,245
At 29 May 2023 15,768
NET BOOK VALUE
At 29 May 2023 41,054
At 29 May 2022 48,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,734 -
Amounts owed by associates 58,001 -
121,735 -

KAYSER (UK) LIMITED (REGISTERED NUMBER: 04431835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,750 8,750
Trade creditors 218,602 242,475
Tax 118,578 131,000
Social security and other taxes 6,765 5,525
VAT 43,413 86,461
Other creditors 458 -
Credit card 7,207 -
Directors' current accounts 138 88
Accrued expenses 3,003 3,000
406,914 477,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,854 22,604