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REGISTERED NUMBER: 04176705 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Berthold Technologies (UK) Limited

Berthold Technologies (UK) Limited (Registered number: 04176705)






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


Berthold Technologies (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J D C Grand
M Trew





SECRETARY: J Rhodes





REGISTERED OFFICE: 6 Allied Business Centre
Coldharbour Lane
Harpenden
Hertfordshire
AL5 4UT





REGISTERED NUMBER: 04176705 (England and Wales)





AUDITORS: George Arthur Limited
Chartered Accountants and Statutory Auditors
Suite 6B, Wentworth Lodge
Great North Road
Welwyn Garden City
Hertfordshire
AL8 7SR

Berthold Technologies (UK) Limited (Registered number: 04176705)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,313 3,284

CURRENT ASSETS
Stocks 203,063 233,856
Debtors 5 824,893 932,916
Cash at bank and in hand 316,837 540,397
1,344,793 1,707,169
CREDITORS
Amounts falling due within one year 6 338,713 567,189
NET CURRENT ASSETS 1,006,080 1,139,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,393

1,143,264

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,015,393 1,133,264
SHAREHOLDERS' FUNDS 1,025,393 1,143,264

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





M Trew - Director


Berthold Technologies (UK) Limited (Registered number: 04176705)

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

1. STATUTORY INFORMATION

Berthold Technologies (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 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:

Sale of Goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Berthold Technologies (UK) Limited (Registered number: 04176705)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated above.

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Berthold Technologies (UK) Limited (Registered number: 04176705)

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 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
Monetary 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. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 21,480 - 51,234 72,714
Additions - 27,296 - 27,296
At 31 December 2023 21,480 27,296 51,234 100,010
DEPRECIATION
At 1 January 2023 19,345 - 50,085 69,430
Charge for year 1,553 8,928 786 11,267
At 31 December 2023 20,898 8,928 50,871 80,697
NET BOOK VALUE
At 31 December 2023 582 18,368 363 19,313
At 31 December 2022 2,135 - 1,149 3,284

Berthold Technologies (UK) Limited (Registered number: 04176705)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 809,485 913,540
Other debtors 5,125 5,125
Prepayments and accrued income 10,283 14,251
824,893 932,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,702 12,743
Amounts owed to group undertakings 19,816 151,502
Tax 26,163 51,072
Social security and other taxes 19,377 20,117
VAT 113,096 167,356
Other creditors 140,084 142,798
Accrued expenses 8,475 21,601
338,713 567,189

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

The Report of the Auditors was unqualified.

Peter Rook (Senior Statutory Auditor)
for and on behalf of George Arthur Limited

8. CONTINGENT LIABILITIES

In the year ending 31st December 2022 the company suppiled goods to the value of £115,235 to a customer for which payments amounting to £14,934 were received in the year then ended. Since then the customer has suspended trading pending for what it hopes to be refinancing. In the event that such refinancing is not forthcoming the company has a potential bad debt of £100,301 less any VAT bad debt relief thereon.

9. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

Operating lease commitments, which are not included in the balance sheet amount to £110,676 of which £42,267 falls due within the following year. (2022 - £121,305 of which £39,272 fell due within the following year).

10. RELATED PARTY DISCLOSURES

The smallest group for which consolidated financial statements are prepared which include the results of this company is that headed by the ultimate parent company Berthold Technologies GmbH & Co.KG, whose registered office is at Calmbacher Strasse 22, 75323 Bad Wildbad, Germany.

At the year end the company owed the Ultimate Parent Company £19,816 (2022: £151,502).