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REGISTERED NUMBER: 01900796 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REKERS (U.K.) LIMITED

REKERS (U.K.) LIMITED (REGISTERED NUMBER: 01900796)

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


REKERS (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N Foppe
A Foppe





SECRETARY: C Driever





REGISTERED OFFICE: 23 Lagrange
Lichfield Road Industrial Estate
Tamworth
Staffordshire
B79 7XD





REGISTERED NUMBER: 01900796 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

REKERS (U.K.) LIMITED (REGISTERED NUMBER: 01900796)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150 369

CURRENT ASSETS
Stocks 236,957 231,740
Debtors 5 273,121 475,761
Cash at bank and in hand 1,187,515 830,375
1,697,593 1,537,876
CREDITORS
Amounts falling due within one year 6 309,682 324,006
NET CURRENT ASSETS 1,387,911 1,213,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,388,061

1,214,239

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 1,368,061 1,194,239
1,388,061 1,214,239

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 30 August 2024 and were signed on its behalf by:




N Foppe - Director



A Foppe - Director


REKERS (U.K.) LIMITED (REGISTERED NUMBER: 01900796)

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


1. STATUTORY INFORMATION

Rekers (U.K.) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4 years straight line
Fixtures and fittings - 10% 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.

Current 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.


REKERS (U.K.) LIMITED (REGISTERED NUMBER: 01900796)

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
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 5,844 24,438 5,825 36,107
DEPRECIATION
At 1 January 2023 5,844 24,069 5,825 35,738
Charge for year - 219 - 219
At 31 December 2023 5,844 24,288 5,825 35,957
NET BOOK VALUE
At 31 December 2023 - 150 - 150
At 31 December 2022 - 369 - 369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 269,725 474,331
Other debtors 3,396 1,430
273,121 475,761

REKERS (U.K.) LIMITED (REGISTERED NUMBER: 01900796)

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 8,464 10,310
Amounts owed to group undertakings 195,111 181,905
Taxation and social security 96,142 123,883
Other creditors 9,965 7,908
309,682 324,006

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

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking and ultimate holding company is Rekers GmbH, a company incorporated in Germany, and registered office Gerhard-Rekers-Str.1, D-48480, Spelle, Germany.