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REGISTERED NUMBER: 12202834 (England and Wales)















Financial Statements

for the year ended

31 December 2023

for

BG-Graspointner UK Ltd

BG-Graspointner UK Ltd (Registered number: 12202834)






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


BG-Graspointner UK Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: F R Lezza
K R Wiese





REGISTERED OFFICE: Magenta Building
2 Brookhill Way
Banbury
Oxfordshire
OX16 3ED





REGISTERED NUMBER: 12202834 (England and Wales)





AUDITORS: Just Audit Limited
Chartered Accountants and Statutory Auditors
Strelley Hall
Main Street
Strelley
Nottingham
NG8 6PE

BG-Graspointner UK Ltd (Registered number: 12202834)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 8,452 4,740

CURRENT ASSETS
Stocks 229,176 329,627
Debtors 5 154,451 308,971
Cash at bank and in hand 61,074 53,785
444,701 692,383
CREDITORS
Amounts falling due within one year 6 454,676 1,014,890
NET CURRENT LIABILITIES (9,975 ) (322,507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,523

)

(317,767

)

CREDITORS
Amounts falling due after more than one
year

7

433,493

-
NET LIABILITIES (435,016 ) (317,767 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (435,116 ) (317,867 )
(435,016 ) (317,767 )

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 26 September 2024 and were signed on its behalf by:





F R Lezza - Director


BG-Graspointner UK Ltd (Registered number: 12202834)

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

1. STATUTORY INFORMATION

BG-Graspointner UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Magenta Building, 2 Brookhill Way, Banbury, Oxon, OX16 3ED. The registered number is 12202834.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going Concern
At the time of approving the financial statements, although the Company has net liabilities, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group, which the directors have been given assurance will continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets are initially recognised at cost.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Stocks
Stocks are stated 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.

BG-Graspointner UK Ltd (Registered number: 12202834)

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.

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 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 6,711
Additions 6,679
At 31 December 2023 13,390
DEPRECIATION
At 1 January 2023 1,971
Charge for year 2,967
At 31 December 2023 4,938
NET BOOK VALUE
At 31 December 2023 8,452
At 31 December 2022 4,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 143,019 304,045
Other debtors 11,432 4,926
154,451 308,971

BG-Graspointner UK Ltd (Registered number: 12202834)

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 35,085 39,633
Amounts owed to group undertakings 356,650 853,762
Taxation and social security 43,192 101,837
Other creditors 19,749 19,658
454,676 1,014,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 433,493 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 3,173 1,488

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
With respect to opening stock having a carrying amount of £174,588 as at 31 December 2021, the audit evidence available to us was limited because we were not appointed as auditors of the company until after 31 December 2021 and thus did not observe the counting of stock at the end of 2021. We were unable to satisfy ourselves by alternative means concerning the stock quantities held at 31 December 2021. Consequently, we were unable to determine whether any adjustment to this amount was necessary, or whether there was any consequential effect on cost of sales for either period.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

David Fletcher BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Just Audit Limited

10. PARENT COMPANY

The parent company of the smallest group which prepares consolidated financial statements which include the results of BG-Graspointner UK Limited is Graspointner Holding GmbH.

The consolidated financial statements are available to the public and may be obtained from its registered office, which is Gessenschwandt 39, 4882 Oberwang, Austria.