Registered number
11579644
HZI Service UK and Ireland Ltd
Report and Accounts
31 March 2024
HZI Service UK and Ireland Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Independent auditor's report 3
Profit and loss account 5
Balance sheet 6
Statement of changes in equity 7
Notes to the accounts 8
HZI Service UK and Ireland Ltd
Company Information
Directors
Mr N Buckland
Mr T Feilenreiter
Secretary
Mrs M Mills
Auditors
Keith Graham, Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Registered office
Ascent 4, Farnborough Aerospace Centre
Farnborough
Hampshire
GU14 6XW
Registered number
11579644
HZI Service UK and Ireland Ltd
Registered number: 11579644
Directors' Report and Strategic report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year was to provide various engineering and manpower services within the UK in relation to servicing and maintaining Energy from Waste (EfW) facilities.

Subsequent to the year end the company ceased trading. As a result, these accounts have not been prepared on a going concern basis.
Directors
The following persons served as directors during the year and subsequent to the year end:
Mr N Buckland
Mr J Pelcot Resigned 16 June 2023
Mr T Feilenreiter Appointed 16 June 2023
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and
they have taken all the steps that they ought to have taken as a director in order to make themself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 7 August 2024 and signed on its behalf.
Mr N Buckland
Director
HZI Service UK and Ireland Ltd
Independent auditor's report
to the member of HZI Service UK and Ireland Ltd
Opinion
We have audited the accounts of HZI Service UK and Ireland Ltd (the 'company') for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and notes to the accounts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts:
give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of matter
We draw attention to Note 1 of the financial statements, which explains the directors intend to cease the trading activities of the company subsequent to the year end and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the accounts. Our opinion is not modified in respect of this matter.
Other information
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the directors’ report for the financial year for which the accounts are prepared is consistent with the accounts; and
the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the accounts are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities are summarised as follows:
In consideration of this it should be noted that laws and regulations fall into two groups. The first are those specific to the company (such as those impacting specific disclosure) and the second are more general to all businesses (such as health and safety). We identify and assess the risk of material misstatement of the financial statements in this regard and then design and perform audit procedures in response, this includes obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In support of this work, we undertake discussions with management and those charged with governance regarding actual and potential incidences of fraud in the year and how such incidences may manifest themselves; review procedures surrounding new legislation and regulation changes; perform specific audit procedures to test compliance with relevant laws and regulations; assess the risk of management override by testing the appropriateness of journal and other similar entries; and undertake large and unusual item reviews.
During the course of our work, we ensure that the audit team is aware of the above and remain alert to it throughout the audit process.
It should be noted that as auditors, we are not responsible for the prevention of non-compliance and cannot be expected to detect all non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the accounts is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Simon Pusey
(Senior Statutory Auditor) Suite 2, Wesley Chambers
for and on behalf of Queens Road
Keith Graham, Chartered Accountants Aldershot
Statutory Auditor Hampshire
7 August 2024 GU11 3JD
HZI Service UK and Ireland Ltd
Profit and Loss Account
for the year ended 31 March 2024
2024 2023
£ £
Turnover - 1,183,376
Cost of sales (951) (1,168,628)
Gross (loss)/profit (951) 14,748
Administrative expenses (614) (93,079)
Operating loss (1,565) (78,331)
Interest receivable - 41
Interest payable - (3,797)
Loss before taxation (1,565) (82,087)
Tax on loss 391 15,830
Loss for the financial year (1,174) (66,257)
HZI Service UK and Ireland Ltd
Registered number: 11579644
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 16,159 135,887
Cash at bank and in hand 317,461 447,248
333,620 583,135
Creditors: amounts falling due within one year 4 - (248,341)
Net current assets 333,620 334,794
Net assets 333,620 334,794
Capital and reserves
Called up share capital 150,000 150,000
Profit and loss account 183,620 184,794
Shareholder's funds 333,620 334,794
Mr T Feilenreiter
Director
Approved by the board on 7 August 2024
HZI Service UK and Ireland Ltd
Statement of Changes in Equity
for the year ended 31 March 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 April 2022 150,000 251,051 401,051
Loss for the financial year (66,257) (66,257)
At 31 March 2023 150,000 184,794 334,794
At 1 April 2023 150,000 184,794 334,794
Loss for the financial year (1,174) (1,174)
At 31 March 2024 150,000 183,620 333,620
Share capital consists of 100 ordinary shares of £1,500 each and are issued, allotted and fully paid.
HZI Service UK and Ireland Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The directors intend to cease the trading activities of the company subsequent to the year end and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Debtors 2024 2023
£ £
Trade debtors - 120,310
Amounts owed by group undertakings and undertakings in which the company has a participating interest 15,578 -
Other debtors 581 15,577
16,159 135,887
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 161,929
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 53,010
Taxation and social security costs - 23,652
Other creditors - 9,750
- 248,341
5 Related party transactions
The company has taken advantage of the exemption in Financial Reporting Standards 102 not to disclose related party transactions with wholly owned group undertakings.
6 Controlling party
At the year end the company was controlled by Hitachi Zosen Inova AG, a company registered in Switzerland.
7 Other information
HZI Service UK and Ireland Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ascent 4, Farnborough Aerospace Centre
Farnborough
Hampshire
GU14 6XW
Sterling is the functional currency for these accounts.
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