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REGISTERED NUMBER: 01628757 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HENNIG (U.K.) LIMITED

HENNIG (U.K.) LIMITED (REGISTERED NUMBER: 01628757)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HENNIG (U.K.) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: J C Manning
H S Manning
K G Manning





SECRETARY: H S Manning





REGISTERED OFFICE: 6 Challenge Close
Coventry
CV1 5JG





REGISTERED NUMBER: 01628757 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

HENNIG (U.K.) LIMITED (REGISTERED NUMBER: 01628757)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,531 11,501

CURRENT ASSETS
Stocks 127,821 129,892
Debtors 5 165,488 279,899
Cash at bank 252,426 175,680
545,735 585,471
CREDITORS
Amounts falling due within one year 6 149,629 175,093
NET CURRENT ASSETS 396,106 410,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,637

421,879

PROVISIONS FOR LIABILITIES 1,621 2,185
NET ASSETS 403,016 419,694

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 402,916 419,594
SHAREHOLDERS' FUNDS 403,016 419,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HENNIG (U.K.) LIMITED (REGISTERED NUMBER: 01628757)

BALANCE SHEET - continued
31 May 2024


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 11 November 2024 and were signed on its behalf by:





J C Manning - Director


HENNIG (U.K.) LIMITED (REGISTERED NUMBER: 01628757)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Hennig (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.

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 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.
Short leasehold - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and office equipment - 33% on cost, 25% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Finished goods are valued at the cost of materials, labour and oncost.

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.

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.

HENNIG (U.K.) LIMITED (REGISTERED NUMBER: 01628757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
Contributions in respect of the company's defined contribution scheme are charged to the profit and loss account for the year in which they are payable to the scheme.

In addition during the year amounts have been paid into the directors and employees personal pension schemes, the assets of the schemes are held separately from those of the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
Short Plant and office Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 2,721 15,859 50,656 29,712 98,948
Additions - 1,501 - - 1,501
At 31 May 2024 2,721 17,360 50,656 29,712 100,449
DEPRECIATION
At 1 June 2023 2,720 15,849 47,351 21,527 87,447
Charge for year - 301 2,124 2,046 4,471
At 31 May 2024 2,720 16,150 49,475 23,573 91,918
NET BOOK VALUE
At 31 May 2024 1 1,210 1,181 6,139 8,531
At 31 May 2023 1 10 3,305 8,185 11,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 154,229 271,538
Other debtors 11,259 8,361
165,488 279,899

HENNIG (U.K.) LIMITED (REGISTERED NUMBER: 01628757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,398 70,882
Taxation and social security 44,949 74,843
Other creditors 42,282 29,368
149,629 175,093

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 June 2023 419,594
Deficit for the year (16,678 )
At 31 May 2024 402,916

9. RELATED PARTY DISCLOSURES

At 31 May 2024 other creditors include loans made to the company by its directors as follows:

2024 2023
£    £   

J C Manning 4,684 4,163
H S Manning 9,292 1,099

The loans are interest free with no fixed date for repayment.

Hennig GmbH is a company registered in Germany and owns 26 shares in Hennig (UK) Limited. During the year the following transactions occurred between the companies:

2024 2023
£    £   

Purchases made by the company 248,628 402,828
Amounts owed by the company included in trade creditors 10,585 33,683

10. CONTROLLING PARTY

The controlling party is the directors.