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REGISTERED NUMBER: 01251097 (England and Wales)















SCHOTT UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






SCHOTT UK LIMITED (REGISTERED NUMBER: 01251097)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCHOTT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D Vasseur
M B White



SECRETARY: M Cripps



REGISTERED OFFICE: Science Centre, Pd106
Wolverhampton Science Park
Glaisher Drive
Wolverhampton
WV10 9RU



REGISTERED NUMBER: 01251097 (England and Wales)



BANKERS: Commerzbank London
30 Gresham Street
London
EC2V 3PG

SCHOTT UK LIMITED (REGISTERED NUMBER: 01251097)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,313 22,556

CURRENT ASSETS
Debtors 5 522,276 377,914

CREDITORS
Amounts falling due within one year 6 (182,438 ) (158,893 )
NET CURRENT ASSETS 339,838 219,021
TOTAL ASSETS LESS CURRENT LIABILITIES 411,151 241,577

CREDITORS
Amounts falling due after more than one
year

7

(28,770

)

(9,710

)
NET ASSETS 382,381 231,867

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 332,381 181,867
SHAREHOLDERS' FUNDS 382,381 231,867

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





M B White - Director


SCHOTT UK LIMITED (REGISTERED NUMBER: 01251097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Schott 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company's intermediate parent undertaking, Schott AG, includes the company in its consolidated financial statements. The consolidated financial statements of Schott AG are prepared in accordance with International Financial Reportings Standards and are available to the public and may be obtained from Schott AG, Postfach 2480, 55014 Mainz, Germany.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company and commissions received during the year, exclusive of VAT and trade discounts. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the buyer, that is, normally in connection with delivery. Turnover from commission primarily represents payments from group undertakings for the provision of sales distribution services by the company.

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.
Fixtures and fittings - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SCHOTT UK LIMITED (REGISTERED NUMBER: 01251097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

SCHOTT UK LIMITED (REGISTERED NUMBER: 01251097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 72,817
Additions 80,236
Disposals (23,085 )
At 30 September 2023 129,968
DEPRECIATION
At 1 October 2022 50,261
Charge for year 30,541
Eliminated on disposal (22,147 )
At 30 September 2023 58,655
NET BOOK VALUE
At 30 September 2023 71,313
At 30 September 2022 22,556

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 41,496
Additions 73,897
Disposals (15,188 )
At 30 September 2023 100,205
DEPRECIATION
At 1 October 2022 19,395
Charge for year 28,983
Eliminated on disposal (14,250 )
At 30 September 2023 34,128
NET BOOK VALUE
At 30 September 2023 66,077
At 30 September 2022 22,101

SCHOTT UK LIMITED (REGISTERED NUMBER: 01251097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 501,285 363,214
Other debtors 697 -
Corporation tax - 275
VAT 2,465 2,979
Deferred tax asset - 1,280
Prepayments and accrued income 17,829 10,166
522,276 377,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 29,594 8,988
Trade creditors 7,878 2,036
Corporation tax 3,239 -
Social security and other taxes 12,710 13,310
Accruals and deferred income 129,017 134,559
182,438 158,893

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Finance leases 28,770 9,710

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary 1 50,000 50,000

During the previous year, the company completed a reduction of its share capital whereby 450,000 ordinary £1 shares were cancelled.

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

The Report of the Auditors was unqualified.

Richard Stonier (Senior Statutory Auditor)
for and on behalf of Deans

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £6,408 (2022 - £8,133).