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REGISTERED NUMBER: 12275002 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Bruening Group UK Ltd.

Bruening Group UK Ltd. (Registered number: 12275002)

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


Bruening Group UK Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: F T Grischkat
A Bruening



REGISTERED OFFICE: Bridge House
Old Grantham Road
Whatton in the Vale
Nottingham
NG13 9FG



REGISTERED NUMBER: 12275002 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Bruening Group UK Ltd. (Registered number: 12275002)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 987 -

CURRENT ASSETS
Stocks 1,068,397 2,477,559
Debtors 6 1,257,777 501,863
Cash at bank 464,078 207,720
2,790,252 3,187,142
CREDITORS
Amounts falling due within one year 7 3,235,907 3,595,191
NET CURRENT LIABILITIES (445,655 ) (408,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(444,668

)

(408,049

)

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Retained earnings (464,668 ) (428,049 )
SHAREHOLDERS' FUNDS (444,668 ) (408,049 )

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 31 July 2024 and were signed on its behalf by:





A Bruening - Director


Bruening Group UK Ltd. (Registered number: 12275002)

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


1. STATUTORY INFORMATION

Bruening Group UK Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept due to the fact that the company has the continued support of the group.

The directors have been given assurance that this support will continue for the foreseeable future.

Turnover
Turnover is measured at the amounts received or receivable for goods, less VAT, discounts and rebates to customers upon delivery of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment - 33% SL

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.

Bruening Group UK Ltd. (Registered number: 12275002)

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


3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,320
At 31 December 2023 1,320
DEPRECIATION
Charge for year 333
At 31 December 2023 333
NET BOOK VALUE
At 31 December 2023 987

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,193,185 461,392
Amounts owed by group undertakings 42,605 11,831
Other debtors 21,987 28,640
1,257,777 501,863

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 213,222 112,040
Amounts owed to group undertakings 2,755,915 3,277,809
Taxation and social security 240,774 187,451
Other creditors 25,996 17,891
3,235,907 3,595,191

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 10,500 -

Bruening Group UK Ltd. (Registered number: 12275002)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20,000 Ordinary 1 20,000 20,000

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

11. PARENT COMPANY

The parent company of the smallest group into which the results of Bruening Group UK Ltd are consolidated is Brüning International GmbH a company registered in Germany who's registered office is:

Auf der Muggenburg 44
28217 Bremen
Germany

The ultimate parent company of the group is Brüning Verwaltungs-GmbH & Co. KG, a company incorporated in Germany.