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REGISTERED NUMBER: 03143186 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

WEDI SYSTEMS (UK) LIMITED

WEDI SYSTEMS (UK) LIMITED (Registered number: 03143186)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WEDI SYSTEMS (UK) LIMITED

Company Information
for the Year Ended 31 December 2024







Directors: Mr F D Rechlin
Mr S J Neild





Registered office: Unit 4 Mercury Park
Mercury Park Way
Urmston
Manchester
M41 7LY





Registered number: 03143186 (England and Wales)





Auditors: Allen Mills Howard & Co (Statutory Auditors)
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

WEDI SYSTEMS (UK) LIMITED (Registered number: 03143186)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,013 5,628

Current assets
Stocks 311,822 348,960
Debtors 5 591,350 516,120
Cash at bank and in hand 634,993 1,012,556
1,538,165 1,877,636
Creditors
Amounts falling due within one year 6 428,500 779,465
Net current assets 1,109,665 1,098,171
Total assets less current liabilities 1,113,678 1,103,799

Provisions for liabilities 350 610
Net assets 1,113,328 1,103,189

Capital and reserves
Called up share capital 7 2 2
Retained earnings 1,113,326 1,103,187
Shareholders' funds 1,113,328 1,103,189

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 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 7 February 2025 and were signed on its behalf by:





Mr S J Neild - Director


WEDI SYSTEMS (UK) LIMITED (Registered number: 03143186)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

WEDI SYSTEMS (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.

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


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.

Revenue recognition
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost, 20% on cost and 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items, Cost is calculated on a weighted average basis.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WEDI SYSTEMS (UK) LIMITED (Registered number: 03143186)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 12 (2023 - 11 ) .

4. Tangible fixed assets
Fixtures,
fittings
& equipment
£   
Cost
At 1 January 2024 120,207
Additions 1,084
At 31 December 2024 121,291
Depreciation
At 1 January 2024 114,579
Charge for year 2,699
At 31 December 2024 117,278
Net book value
At 31 December 2024 4,013
At 31 December 2023 5,628

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 520,274 463,824
Other debtors 71,076 52,296
591,350 516,120

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 126,413 422,544
Taxation and social security 178,171 184,608
Other creditors 123,916 172,313
428,500 779,465

WEDI SYSTEMS (UK) LIMITED (Registered number: 03143186)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Mr David Andrew Savidge (Senior Statutory Auditor)
for and on behalf of Allen Mills Howard & Co (Statutory Auditors)

9. Ultimate controlling party

The immediate parent company is WEDI GmbH (company registration number HRB 3782), a company incorporated in the Germany.

The immediate parent company of WEDI GmbH is ARDEX Group GmbH a company registered in Germany, with the results being consolidated into ARDEX Group GmbH, which is the smallest and largest company to prepare consolidated financial statements. The financial statements of ARDEX Group GmbH can be obtained at Friedrich-Ebert-Strasse 45 Witten, 58453 Germany the registered office.

The ultimate holding company is ARDEX Group GmbH (company registration number HRB 8187), incorporated in Germany