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REGISTERED NUMBER: 01777894 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HEINZMANN UK LIMITED

HEINZMANN UK LIMITED (REGISTERED NUMBER: 01777894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HEINZMANN UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A Gromer
Mr M A Gromer
Mr M E Congdon


SECRETARY: Mr C K Jeggo


REGISTERED OFFICE: Stanley House
Wallis Road
Skippers Lane Industrial Estate
Middlesbrough
TS6 6JB


REGISTERED NUMBER: 01777894 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Trevor Cook FCA


AUDITORS: Baines Jewitt Limited
Statutory Auditors
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU


BANKERS: Barclays Bank Plc
49 High Street
Stockton-on-Tees
TS17 6YJ

HEINZMANN UK LIMITED (REGISTERED NUMBER: 01777894)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 396,547 420,577

CURRENT ASSETS
Stocks 594,847 433,894
Debtors 566,618 692,441
Cash at bank 1,718,500 1,389,141
2,879,965 2,515,476
CREDITORS
Amounts falling due within one year 370,345 362,901
NET CURRENT ASSETS 2,509,620 2,152,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,906,167

2,573,152

PROVISIONS FOR LIABILITIES 7,767 11,020
NET ASSETS 2,898,400 2,562,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,898,300 2,562,032
SHAREHOLDERS' FUNDS 2,898,400 2,562,132

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Mr A Gromer - Director Mr M A Gromer - Director




Mr M E Congdon - Director


HEINZMANN UK LIMITED (REGISTERED NUMBER: 01777894)

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


1. STATUTORY INFORMATION

Heinzmann 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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes, and net of VAT.

In accordance with the principles of revenue recognition, turnover is recognised as the right to consideration is obtained through performance of contractual obligations.

Long Term Contracts
Where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the end of the accounting period, as measured by the proportion that contract costs incurred to date bear to the estimated total contract costs.

Where the outcome of a long term contract cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that is probable will be recoverable.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Over 50 years
Plant and machinery - 20% on cost
Fixtures and fittings - at varying rates on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HEINZMANN UK LIMITED (REGISTERED NUMBER: 01777894)

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.

Research and development
Research and development expenditure is charged to the profit and loss account in the year in which it is incurred.

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 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2023
and 31 December 2023 632,536
DEPRECIATION
At 1 January 2023 211,959
Charge for year 24,030
At 31 December 2023 235,989
NET BOOK VALUE
At 31 December 2023 396,547
At 31 December 2022 420,577

5. LEASING AGREEMENTS
Commitments under operating leases at the balance sheet date amounted to £22,630 (2022: £50,241).

HEINZMANN UK LIMITED (REGISTERED NUMBER: 01777894)

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


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

The Report of the Auditors was unqualified.

Mr Trevor Cook FCA (Senior Statutory Auditor)
for and on behalf of Baines Jewitt Limited

7. PENSION COMMITMENTS

Contributions payable at the balance sheet date amounted to £2,874 (2022 : £2,709).

8. RELATED PARTY DISCLOSURES

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.

ULTIMATE PARENT COMPANY

The ultimate parent company is Heinzmann Holding GmbH, a company incorporated in Germany. Group accounts are drawn up by Heinzmann Holding GmbH and copies are available from the registered office which is Am Haselbach 1, D-79677 Schönau Im Schwarzwald, Baden-Wurttemberg, Germany.