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REGISTERED NUMBER: 01700764 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

BARTEC (U.K.) LIMITED

BARTEC (U.K.) LIMITED (Registered number: 01700764)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARTEC (U.K.) LIMITED

Company Information
for the Year Ended 30 April 2024







Director: Mr K S Morris





Registered office: Unit 1 Sandbrook Park
Sandbrook Way
Rochdale
OL11 1RY





Registered number: 01700764 (England and Wales)





Auditors: Allen Mills Howard & Co (Statutory Auditors)
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

BARTEC (U.K.) LIMITED (Registered number: 01700764)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 126,126 101,470

Current assets
Stocks 216,068 218,363
Debtors 6 1,776,318 2,855,905
Prepayments and accrued income 39,074 42,381
Cash at bank 1,098,340 3,224,740
3,129,800 6,341,389
Creditors
Amounts falling due within one year 7 2,331,730 1,945,986
Net current assets 798,070 4,395,403
Total assets less current liabilities 924,196 4,496,873

Capital and reserves
Called up share capital 8 17,000 17,000
Retained earnings 907,196 4,479,873
Shareholders' funds 924,196 4,496,873

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr K S Morris - Director


BARTEC (U.K.) LIMITED (Registered number: 01700764)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

BARTEC (U.K.) 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.

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


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the value, net of value added tax, of goods and services supplied to customers, less returns.

Turnover is recognised on despatch, other than for long term contracts, which is recognised according to the degree of completion on a contract by contract basis.

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 - 10% on cost
Office equipment - 15% on cost
Motor vehicles - 20% on cost and over the lease term
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the weighted average principal and includes expenditure incurred in acquiring the stocks, production or conversion costs and other costs in bringing them to their existing location and condition. In the case of manufactures stocks and work in progress, cost includes an appropriate share of overheads based on normal operating capacity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BARTEC (U.K.) LIMITED (Registered number: 01700764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

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.

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.

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 11 (2023 - 10 ) .

4. Auditors' remuneration
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

16,500

17,265
Taxation compliance services 1,500 1,500

BARTEC (U.K.) LIMITED (Registered number: 01700764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. Tangible fixed assets
Improvements
to Plant and Office
property machinery equipment
£    £    £   
Cost
At 1 May 2023 65,955 37,593 87,480
Additions - - 4,161
Disposals (55,975 ) - (7,004 )
At 30 April 2024 9,980 37,593 84,637
Depreciation
At 1 May 2023 56,363 37,583 43,996
Charge for year 665 10 12,520
Eliminated on disposal (55,975 ) - (7,004 )
At 30 April 2024 1,053 37,593 49,512
Net book value
At 30 April 2024 8,927 - 35,125
At 30 April 2023 9,592 10 43,484

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023 120,559 172,236 483,823
Additions 100,222 - 104,383
Disposals (34,070 ) - (97,049 )
At 30 April 2024 186,711 172,236 491,157
Depreciation
At 1 May 2023 75,656 168,755 382,353
Charge for year 65,339 1,193 79,727
Eliminated on disposal (34,070 ) - (97,049 )
At 30 April 2024 106,925 169,948 365,031
Net book value
At 30 April 2024 79,786 2,288 126,126
At 30 April 2023 44,903 3,481 101,470

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,751,269 1,125,433
Amounts owed by group undertakings 22,375 1,718,594
Other debtors 2,674 11,878
1,776,318 2,855,905

BARTEC (U.K.) LIMITED (Registered number: 01700764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 394,837 243,049
Amounts owed to group undertakings 1,132,105 1,027,974
Taxation and social security 532,991 382,681
Other creditors 271,797 292,282
2,331,730 1,945,986

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
17,000 Ordinary £1 17,000 17,000

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Mr David Andrew Savidge (Senior Statutory Auditor)
for and on behalf of Allen Mills Howard & Co (Statutory Auditors)

10. Ultimate controlling party

The directors regard Bartec GmbH, a company registered in Germany, as the immediate parent company. Bartec GmbH's registered office is at Max Eyth Str 16, D-97890, Bad Mergentheim, Germany.

The ultimate parent undertaking is Safety Global Lux SARL, incorporated in Luxembourg.

The largest group into which the company is consolidated is that headed by Safety Global Lux SARL, incorporated in Luxembourg. The consolidated financial statements of this group are available at the following address Max Eyth Str 16, D-97890, Bad Mergentheim, Germany.

The directors regard Charterhouse Capital Partners LLP as the ultimate controlling party. Charterhouse Capital Partners LLP's registered office is Warwick Court, Paternoster Square, London, EC4M 7DX.