WURTH ELECTRONICS UK LIMITED

Company Registration Number:
05989226 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WURTH ELECTRONICS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WURTH ELECTRONICS UK LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Supply of electronic and electromechanical components, printed circuit boards and intelligent power and control systems

Political and charitable donations

Charity donations £5,416



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Martin Warrington
James East


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 September 2024

And signed on behalf of the board by:
Name: Martin Warrington
Status: Director

WURTH ELECTRONICS UK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 28,979,449 30,509,870
Cost of sales: ( 19,057,907 ) ( 19,588,311 )
Gross profit(or loss): 9,921,542 10,921,559
Administrative expenses: ( 7,259,114 ) ( 6,243,661 )
Other operating income: 457,202 632,962
Operating profit(or loss): 3,119,630 5,310,860
Interest receivable and similar income: 165,407 20,386
Interest payable and similar charges: ( 27,635 ) ( 18,870 )
Profit(or loss) before tax: 3,257,402 5,312,376
Tax: ( 775,067 ) ( 1,014,576 )
Profit(or loss) for the financial year: 2,482,335 4,297,800

WURTH ELECTRONICS UK LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,745,023 1,297,577
Total fixed assets: 1,745,023 1,297,577
Current assets
Stocks: 4 9,748 34,756
Debtors: 5 8,981,295 10,180,049
Cash at bank and in hand: 1,031 1,851
Total current assets: 8,992,074 10,216,656
Net current assets (liabilities): 8,992,074 10,216,656
Total assets less current liabilities: 10,737,097 11,514,233
Creditors: amounts falling due after more than one year: 6 ( 3,179,651 ) ( 3,519,094 )
Total net assets (liabilities): 7,557,446 7,995,139
Capital and reserves
Called up share capital: 167,500 167,500
Profit and loss account: 7,389,946 7,827,639
Total Shareholders' funds: 7,557,446 7,995,139

The notes form part of these financial statements

WURTH ELECTRONICS UK LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 September 2024
and signed on behalf of the board by:

Name: Martin Warrington
Status: Director

The notes form part of these financial statements

WURTH ELECTRONICS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Sales of goods recognised at time at which goods passes to the customer

    Tangible fixed assets depreciation policy

    Leashold - term of lease Fixtures & Fittings - 10% to 33.33% Vehicles - 5 to 7 years Computer Equipment - 33.33%

WURTH ELECTRONICS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 69 58

WURTH ELECTRONICS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,096,883 334,789 282,081 575,946 2,289,699
Additions 133,821 7,499 45,139 747,313 933,772
Disposals ( 88,229 ) ( 281,720 ) ( 369,949 )
Revaluations
Transfers
At 31 December 2023 1,142,475 342,288 327,220 1,041,539 2,853,522
Depreciation
At 1 January 2023 325,145 190,341 181,242 295,394 992,122
Charge for year 133,001 34,058 33,036 198,648 398,743
On disposals ( 34,197 ) ( 248,169 ) ( 282,366 )
Other adjustments
At 31 December 2023 423,949 224,399 214,278 245,873 1,108,499
Net book value
At 31 December 2023 718,526 117,889 112,942 795,666 1,745,023
At 31 December 2022 771,738 144,448 100,839 280,552 1,297,577

WURTH ELECTRONICS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 9,748 34,756
Total 9,748 34,756

WURTH ELECTRONICS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 8,773,842 10,097,168
Prepayments and accrued income 32,646 39,561
Other debtors 174,807 43,320
Total 8,981,295 10,180,049
Debtors due after more than one year: 0 0

WURTH ELECTRONICS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 1,018,000 810,776
Other creditors 2,161,651 2,708,318
Total 3,179,651 3,519,094