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REGISTERED NUMBER: 13638783 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Pfisterer CSU UK Limited

Pfisterer CSU UK Limited (Registered number: 13638783)






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


Pfisterer CSU UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr. K Kurfiss
D P Reed





REGISTERED OFFICE: 2-4 Orgreave Place
Sheffield
S13 9LU





REGISTERED NUMBER: 13638783 (England and Wales)





AUDITORS: KJA Kilner Johnson Ltd (Statutory Auditors)
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Pfisterer CSU UK Limited (Registered number: 13638783)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,724 43,190

CURRENT ASSETS
Stocks 54,372 122,670
Debtors 5 1,127,519 1,764,133
Cash at bank and in hand 790,308 696,198
1,972,199 2,583,001
CREDITORS
Amounts falling due within one year 6 606,041 1,569,264
NET CURRENT ASSETS 1,366,158 1,013,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,424,882

1,056,927

PROVISIONS FOR LIABILITIES 7 11,010 4,805
NET ASSETS 1,413,872 1,052,122

CAPITAL AND RESERVES
Called up share capital 8 940,884 940,884
Retained earnings 472,988 111,238
SHAREHOLDERS' FUNDS 1,413,872 1,052,122

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 23 February 2024 and were signed on its behalf by:





D P Reed - Director


Pfisterer CSU UK Limited (Registered number: 13638783)

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

1. STATUTORY INFORMATION

Pfisterer CSU 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.

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 - 20% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pfisterer CSU UK Limited (Registered number: 13638783)

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 31,191 730 23,585 55,506
Additions 3,235 1,178 22,500 26,913
At 31 December 2023 34,426 1,908 46,085 82,419
DEPRECIATION
At 1 January 2023 6,238 182 5,896 12,316
Charge for year 5,314 236 5,829 11,379
At 31 December 2023 11,552 418 11,725 23,695
NET BOOK VALUE
At 31 December 2023 22,874 1,490 34,360 58,724
At 31 December 2022 24,953 548 17,689 43,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 799,112 1,419,587
Amounts owed by group undertakings 307,082 328,081
Prepayments 21,325 16,465
1,127,519 1,764,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,769 64,350
Amounts owed to group undertakings 4 1,065,936
Tax 109,492 20,205
Social security and other taxes 18,851 20,428
VAT 222,648 255,855
Other creditors 3,821 5,595
Pension fund 7,347 -
Accruals and deferred income 216,109 136,895
606,041 1,569,264

Pfisterer CSU UK Limited (Registered number: 13638783)

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

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,010 4,805

Deferred
tax
£   
Balance at 1 January 2023 4,805
Accelerated capital allowances 6,205
Balance at 31 December 2023 11,010

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
940,884 Ordinary £1 940,884 940,884

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

The Report of the Auditors was unqualified.

Raza Effendi MBA FCA (Senior Statutory Auditor)
for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

10. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £47,250 in respect of land and buildings and £49,023 in respect of vehicles.

11. ULTIMATE CONTROLLING PARTY

The Ultimate Parent Undertaking is Pfisterer Holding SE, which is incorporated in Germany.