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REGISTERED NUMBER: 02904477 (England and Wales)




















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DURR TECHNIK (UK) LIMITED

DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)






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


DURR TECHNIK (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M White-Sharman
A Ripsam





SECRETARY: Miss A Rideout





REGISTERED OFFICE: Unit 13, The Business Quarter
Bath Business Park
Foxcote Avenue, Peasedown St John
Bath
BA2 8SF





REGISTERED NUMBER: 02904477 (England and Wales)





AUDITORS: PG Owen Limited
Chartered Accountants and
Statutory Auditors
124 High Street
Midsomer Norton
Bath
Avon
BA3 2DA

DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 752,280 777,303
Investments 6 646,973 646,973
1,399,253 1,424,276

CURRENT ASSETS
Stocks 740,545 904,083
Debtors 7 480,787 1,546,782
Cash at bank and in hand 617,225 551,145
1,838,557 3,002,010
CREDITORS
Amounts falling due within one year 8 557,907 1,723,585
NET CURRENT ASSETS 1,280,650 1,278,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,679,903

2,702,701

CREDITORS
Amounts falling due after more than one
year

9

(208,552

)

(323,211

)

PROVISIONS FOR LIABILITIES 10 (6,577 ) (3,304 )
NET ASSETS 2,464,774 2,376,186

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,464,674 2,376,086
SHAREHOLDERS' FUNDS 2,464,774 2,376,186

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 22 July 2024 and were signed on its behalf by:





M White-Sharman - Director


DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Durr Technik (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 "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.

Turnover
Turnover represents net invoiced sales of compressors, vacuum pumps and related accessories, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery - 15% on cost
Fixtures & equipment - 25% on cost
Motor vehicles - 15% on cost
Computer equipment - 25% on cost

Land and Buildings are depreciated at 2% of cost (excluding the land value) .

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development
The research and development costs relate to clearly defined and commercially viable projects and are deferred to future periods, being amortised over two years on a straight line basis.

DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

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 14 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 124,282
AMORTISATION
At 1 January 2023
and 31 December 2023 124,282
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Land and Plant and Fixtures
buildings machinery & equipment
£    £    £   
COST
At 1 January 2023 767,905 198,962 138,778
Additions - 3,502 426
Disposals - - -
At 31 December 2023 767,905 202,464 139,204
DEPRECIATION
At 1 January 2023 33,923 170,288 137,455
Charge for year 11,322 11,841 1,429
Eliminated on disposal - - -
At 31 December 2023 45,245 182,129 138,884
NET BOOK VALUE
At 31 December 2023 722,660 20,335 320
At 31 December 2022 733,982 28,674 1,323

DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 37,730 149,934 1,293,309
Additions - 3,163 7,091
Disposals (18,511 ) - (18,511 )
At 31 December 2023 19,219 153,097 1,281,889
DEPRECIATION
At 1 January 2023 34,852 139,488 516,006
Charge for year 2,878 4,644 32,114
Eliminated on disposal (18,511 ) - (18,511 )
At 31 December 2023 19,219 144,132 529,609
NET BOOK VALUE
At 31 December 2023 - 8,965 752,280
At 31 December 2022 2,878 10,446 777,303

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023
and 31 December 2023 646,973
NET BOOK VALUE
At 31 December 2023 646,973
At 31 December 2022 646,973

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 427,341 1,486,565
Prepayments and accrued income 53,446 60,217
480,787 1,546,782

DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 80,856 169,296
Trade creditors 27,662 33,955
Amounts owed to group undertakings 185,795 1,117,743
Tax 46,711 20,353
Social security and other taxes 12,026 12,270
VAT 97,321 285,382
Other creditors 4,480 4,786
Accrued expenses 103,056 79,800
557,907 1,723,585

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 208,552 323,211

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,577 3,304

Deferred
tax
£   
Balance at 1 January 2023 3,304
Charge to Income Statement during year 3,273
Balance at 31 December 2023 6,577

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

The Report of the Auditors was unqualified.

R N Browning BA (Hons) FCCA FCA FAIA BFP (Senior Statutory Auditor)
for and on behalf of PG Owen Limited

DURR TECHNIK (UK) LIMITED (REGISTERED NUMBER: 02904477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

12. RELATED PARTY DISCLOSURES

During the year the company purchased goods to the value of £1,534,610 (2022 - £2,604,765) from its parent company, Durr Technik GmbH & Co KG. The company sold goods to the value of £56,759 to its parent company (2022 - £65,191). At the balance sheet date the company owed its parent company £189,313 (2022 - £1,134,179) and amounts owed from its parent company £2,518 (2022 - £7,268). All transactions are at arms length.

A dividend of £70,000 was declared and paid to the holding company during the year.

At the balance sheet date the company has a loan due to its parent company amounting to £289,408 (2022 - £492,507). Interest of £4,895 was paid on the loan during the year (2022 - £9,021). The loan is being repaid at the rate of £6,738 per month.

Chromalytic Limited is a subsidiary of the company. During the year the company purchased and sold goods to Chromalytic Limited to the value of £16,329 (2022 - £64,838) and £55,452 (2022 - £83,802) respectively. At the balance sheet date, the amounts owed to and from Chromalytic Limited amounted to £222 (2022 - £9,916) and £1,222 (2022 - £19,084) respectively. All transactions are at arms length.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling entity is Durr Technik GmbH & Co KG, a company incorporated in Germany.