Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-013falseProvide transport ,logistics, industrial removals services & IT Solutions2falsetruefalse 13841693 2023-01-01 2023-12-31 13841693 2022-01-31 2022-12-31 13841693 2023-12-31 13841693 2022-12-31 13841693 c:Director2 2023-01-01 2023-12-31 13841693 d:CurrentFinancialInstruments 2023-12-31 13841693 d:CurrentFinancialInstruments 2022-12-31 13841693 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13841693 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13841693 d:ShareCapital 2023-12-31 13841693 d:ShareCapital 2022-12-31 13841693 d:RetainedEarningsAccumulatedLosses 2023-12-31 13841693 d:RetainedEarningsAccumulatedLosses 2022-12-31 13841693 c:FRS102 2023-01-01 2023-12-31 13841693 c:Audited 2023-01-01 2023-12-31 13841693 c:FullAccounts 2023-01-01 2023-12-31 13841693 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13841693 d:WithinOneYear 2023-12-31 13841693 d:WithinOneYear 2022-12-31 13841693 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13841693 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13841693










Gruber Logistics (UK) Limited










Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
Gruber Logistics (UK) Limited
Registered number: 13841693

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
585,813
394,292

Cash at bank and in hand
  
74,389
64,333

  
660,202
458,625

Creditors: amounts falling due within one year
 5 
(582,555)
(342,572)

Net current assets
  
 
 
77,647
 
 
116,053

Total assets less current liabilities
  
77,647
116,053

  

Net assets
  
77,647
116,053


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
(22,353)
16,053

  
77,647
116,053


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
G Kinzner
Director
Date: 12 August 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Gruber Logistics (UK) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Gruber Logistics (UK) Limited is a private company limited by share capital, incorporated in England and Wales (Registered number: 13841693).
The address of the registered office and principal place of business is 42 Upper Berkeley Street, London, United Kingdom, W1H 5QL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Page 2

 
Gruber Logistics (UK) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
Gruber Logistics (UK) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
147,063
282,579

Amounts owed by group undertakings
395,245
68,787

Other debtors
27,626
24,704

Prepayments and accrued income
15,879
18,222

585,813
394,292



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
469,819
265,095

Amounts owed to group undertakings
35,942
5,614

Corporation tax
-
3,842

Other taxation and social security
5,703
2,555

Other creditors
3,651
-

Accruals and deferred income
67,440
65,466

582,555
342,572



6.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,107 (2022 - £1,103). Contributions totalling £202 (2022 - £nil) were payable to the fund at the balance sheet date.

Page 4

 
Gruber Logistics (UK) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
11,320
1,160

11,320
1,160


8.


Related party transactions

The company has taken advantage of the exemption in Section 33 of FRS 102 'Related Party
Disclosures' from disclosing transactions with other wholly owned members of the group.


9.


Controlling party

The company's ultimate parent is Gruber Logistics S.P.A , registered in Italy,  with the registered office,  Via Nazionale, 75-39040, Ora (BZ),  Italy. Gruber logistics S.P.A prepare consolidated accounts which incorporate results of Gruber Logistics (UK) Limited.                                                                              
The ultimate controlling parties are K Gruber and M Gruber. 


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 13 August 2024 by Allan Pinner FCCA (Senior statutory auditor) on behalf of Kreston Reeves LLP.


Page 5