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REGISTERED NUMBER: 01844475 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Mayr Transmissions Limited

Mayr Transmissions Limited (Registered number: 01844475)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mayr Transmissions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Q Eberle
C Illig





REGISTERED OFFICE: Unit 10-11
Valley Road Business Park
Keighley
West Yorkshire
BD21 4LZ





REGISTERED NUMBER: 01844475 (England and Wales)





AUDITORS: Stirk Lambert & Co
Chartered Accountants
Statutory Auditors
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Mayr Transmissions Limited (Registered number: 01844475)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,640 50,814

CURRENT ASSETS
Stocks 203,395 400,597
Debtors 5 608,796 609,134
Cash at bank and in hand 1,694,167 1,318,974
2,506,358 2,328,705
CREDITORS
Amounts falling due within one year 6 (360,422 ) (383,153 )
NET CURRENT ASSETS 2,145,936 1,945,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,185,576

1,996,366

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 2,135,576 1,946,366
SHAREHOLDERS' FUNDS 2,185,576 1,996,366

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.

Mayr Transmissions Limited (Registered number: 01844475)

Statement of Financial Position - continued
31 December 2023



The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




J Q Eberle - Director



C Illig - Director


Mayr Transmissions Limited (Registered number: 01844475)

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

1. STATUTORY INFORMATION

Mayr Transmissions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service
transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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 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 statement of financial position date.

Mayr Transmissions Limited (Registered number: 01844475)

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

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 2,975 4,750 22,386 94,952 125,063
Additions - - 12,457 - 12,457
At 31 December 2023 2,975 4,750 34,843 94,952 137,520
DEPRECIATION
At 1 January 2023 2,925 1,484 17,946 51,894 74,249
Charge for year 50 1,188 2,892 19,501 23,631
At 31 December 2023 2,975 2,672 20,838 71,395 97,880
NET BOOK VALUE
At 31 December 2023 - 2,078 14,005 23,557 39,640
At 31 December 2022 50 3,266 4,440 43,058 50,814

Mayr Transmissions Limited (Registered number: 01844475)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 581,971 589,824
Other debtors 2,419 -
Prepayments 24,406 19,310
608,796 609,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 27,098 40,052
Amounts owed to group undertakings 100,451 147,335
Tax 10,373 30,860
Social security and other taxes 167,818 111,188
Accrued expenses 54,682 53,718
360,422 383,153

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 26,000 26,000
Between one and five years 6,500 32,500
32,500 58,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50,000 Ordinary £1 50,000 50,000

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

The Report of the Auditors was unqualified.

Stephen McGevor FCCA (Senior Statutory Auditor)
for and on behalf of Stirk Lambert & Co

10. ULTIMATE CONTROLLING PARTY

At 31 December 2023 the company is a 100% owned subsidiary of Chr. Mayr GmbH & Co. KG. a company incorporated in Germany.

The smallest group for which consolidated financial statements are prepared is Chr. Mayr GmbH & Co. KG. The registered office of Chr. Mayr GmbH & Co. KG is Eichenstr, 1 Eichenstr, 87665 Mauerstetten, Germany.