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REGISTERED NUMBER: 04105370 (England)















Financial Statements

for the Year Ended 31 December 2023

for

Wipotec-Ocs Limited

Wipotec-Ocs Limited (Registered number: 04105370)

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


Wipotec-Ocs Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T A Duppre
T Kraemer



REGISTERED OFFICE: Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG



REGISTERED NUMBER: 04105370 (England)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Wipotec-Ocs Limited (Registered number: 04105370)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 244,272 159,825

CURRENT ASSETS
Stocks 449,029 156,411
Debtors 6 968,055 677,999
Cash at bank and in hand 470,977 2,260,115
1,888,061 3,094,525
CREDITORS
Amounts falling due within one year 7 3,932,515 4,772,028
NET CURRENT LIABILITIES (2,044,454 ) (1,677,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,800,182

)

(1,517,678

)

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings (1,850,182 ) (1,567,678 )
SHAREHOLDERS' FUNDS (1,800,182 ) (1,517,678 )

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 16 September 2024 and were signed on its behalf by:





T A Duppre - Director


Wipotec-Ocs Limited (Registered number: 04105370)

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


1. STATUTORY INFORMATION

Wipotec-Ocs Limited is a private company, limited by shares , registered in England. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The directors have been given assurance that this support will continue for the foreseeable future.

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

The company recognises revenue upon delivery of machines and parts; and on the completion of servicing work. Machine sales are invoiced in stage payments which are included on the balance sheet as deferred income until delivery has taken place. All other sales are invoice based on the stage of completion of work.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off cost less estimated residual value of each asset over its estimated useful life:

Short leasehold improvements10% Straight line
Demo machines33% Straight line
Furniture and fittings15% Straight line
Computer equipment25% Straight line
Motor vehicles35% Reducing balance

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 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.


Wipotec-Ocs Limited (Registered number: 04105370)

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


3. 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.

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
Contributions payable to employees pension schemes are charged to the profit and loss account in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 188,410 529,469 717,879
Additions - 226,154 226,154
Disposals - (31,478 ) (31,478 )
At 31 December 2023 188,410 724,145 912,555
DEPRECIATION
At 1 January 2023 188,410 369,644 558,054
Charge for year - 139,048 139,048
Eliminated on disposal - (28,819 ) (28,819 )
At 31 December 2023 188,410 479,873 668,283
NET BOOK VALUE
At 31 December 2023 - 244,272 244,272
At 31 December 2022 - 159,825 159,825

Wipotec-Ocs Limited (Registered number: 04105370)

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


6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 843,597 573,148
Amounts owed by group undertakings - 1,011
Other debtors 118,458 103,840
962,055 677,999

Amounts falling due after more than one year:
Other debtors 6,000 -

Aggregate amounts 968,055 677,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 94
Trade creditors 158,741 117,956
Amounts owed to group undertakings 2,673,254 4,146,844
Taxation and social security 191,043 74,672
Other creditors 909,477 432,462
3,932,515 4,772,028

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 59,312 21,559
Between one and five years 177,650 -
236,962 21,559

9. 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

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

11. PARENT COMPANY

The company's results are consolidated in the accounts of the company's ultimate parent, WIPOTEC GmbH, who's registered office is:

Adam-Hoffmann-Str. 26
67657 Kaiserslautern
Germany