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REGISTERED NUMBER: 02144566 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

C. GERHARDT UK LIMITED

C. GERHARDT UK LIMITED (REGISTERED NUMBER: 02144566)






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


C. GERHARDT UK LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: J Macke



SECRETARY: S L Robinson



REGISTERED OFFICE: Unit 5, Avonbury Court
County Road
Brackley
Northamptonshire
NN13 7AX



REGISTERED NUMBER: 02144566 (England and Wales)



AUDITORS: Neuhoff & Co
Chartered Accountants
Statutory Auditor
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU



BANKERS: National Westminster Bank Plc
1 Town Hall Buildings
Bridge Street
Banbury
Oxfordshire
0X16 5JS



SOLICITORS: Knights plc
Midland House
West Way
Botley
Oxford
OX2 0PH

C. GERHARDT UK LIMITED (REGISTERED NUMBER: 02144566)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 243,219 232,255

CURRENT ASSETS
Stocks 357,058 356,505
Debtors 5 645,325 267,245
Cash at bank 97,447 342,218
1,099,830 965,968
CREDITORS
Amounts falling due within one year 6 (302,405 ) (230,045 )
NET CURRENT ASSETS 797,425 735,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040,644

968,178

PROVISIONS FOR LIABILITIES (3,271 ) (2,641 )
NET ASSETS 1,037,373 965,537

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 1,035,373 963,537
SHAREHOLDERS' FUNDS 1,037,373 965,537

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 and authorised for issue by the director and authorised for issue on 8 July 2024 and were signed by:





J Macke - Director


C. GERHARDT UK LIMITED (REGISTERED NUMBER: 02144566)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

C. Gerhardt 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.

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.

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

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 and not provided
Plant and machinery etc - 33% on cost, 25% on cost and 10% 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.

Financial instruments
The Company only enters into basic financial instruments 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 third parties and investments in non-puttable ordinary shares.

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 taxation
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.

C. GERHARDT UK LIMITED (REGISTERED NUMBER: 02144566)

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.

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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 365,388 38,056 403,444
Additions - 36,597 36,597
At 31 December 2023 365,388 74,653 440,041
DEPRECIATION
At 1 January 2023 148,658 22,531 171,189
Charge for year 19,672 5,961 25,633
At 31 December 2023 168,330 28,492 196,822
NET BOOK VALUE
At 31 December 2023 197,058 46,161 243,219
At 31 December 2022 216,730 15,525 232,255

Included in cost of land and buildings is freehold land of £ 18,500 (2022 - £ 18,500 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 423,277 250,223
Amounts owed by group undertakings 200,000 -
Other debtors 22,048 17,022
645,325 267,245

C. GERHARDT UK LIMITED (REGISTERED NUMBER: 02144566)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 135,828 89,853
Taxation and social security 149,659 112,835
Other creditors 16,918 27,357
302,405 230,045

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

The Report of the Auditors was unqualified.

Marianne Neuhoff FCA (Senior Statutory Auditor)
for and on behalf of Neuhoff & Co

8. OTHER FINANCIAL COMMITMENTS

At 31 December 2023 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £29,386 (2022 - £24,408).

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of C. Gerhardt GmbH & Co. KG, 53639 Königswinter, Cäsariusstrasse 97, Germany.
The company traded with its German parent throughout the year, all trade having been conducted on normal commercial terms. During the year, goods totalling £282,190 were purchased from and goods totalling £1,677 were sold to its German parent.(2022 - £243,000 and Nil respectively).
Mr Jan Macke, Director, has a 50% interest in C. Gerhardt GmbH & Co. KG, (2022 - 50%).
The Financial Statements of C. Gerhardt UK Limited are not consolidated in the Financial Statements of its German Parent.
During the year the company advanced the sum of £200,000 to its German Parent under the terms of a Loan Agreement dated 15 March 2023, Interest is payable at the rate of 3% per annum. The duration of the Loan is indefinite but the Lender can call in the loan by giving three months notice on August 31st or February 28th in any year. The loan was to be applied exclusively for the purposes of research and development of new products,

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.