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REGISTERED NUMBER: 05116258 (England and Wales)















Audited Financial Statements

for the Year Ended 31 December 2023

for

Kesseboehmer Retail Merchandising UK Ltd

Kesseboehmer Retail Merchandising UK Ltd (Registered number: 05116258)

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


Kesseboehmer Retail Merchandising UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: H C Boerger
T Hoser



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



REGISTERED NUMBER: 05116258 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



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

Kesseboehmer Retail Merchandising UK Ltd (Registered number: 05116258)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,178 17,571

CURRENT ASSETS
Stocks 235,277 323,676
Debtors 6 547,850 1,108,998
Cash at bank and in hand 288,290 702,471
1,071,417 2,135,145
CREDITORS
Amounts falling due within one year 7 2,937,963 3,810,953
NET CURRENT LIABILITIES (1,866,546 ) (1,675,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,853,368

)

(1,658,237

)

CAPITAL AND RESERVES
Called up share capital 9 600,000 600,000
Retained earnings (2,453,368 ) (2,258,237 )
SHAREHOLDERS' FUNDS (1,853,368 ) (1,658,237 )

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 and authorised for issue by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





H C Boerger - Director


Kesseboehmer Retail Merchandising UK Ltd (Registered number: 05116258)

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


1. STATUTORY INFORMATION

Kesseboehmer Retail Merchandising UK Ltd 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. 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.

At the time of approving the financial statements, 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. The directors have been given assurance that this support 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, which is net of value added tax and discounts, represents the value of commissions earned and due from the parent company, and sales direct to customers for the sale and installation of shopfittings and equipment.

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 - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are originally recognised at cost. Residual values and useful economic lives are reviewed at each year end.

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.


Kesseboehmer Retail Merchandising UK Ltd (Registered number: 05116258)

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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 94,786
Disposals (705 )
At 31 December 2023 94,081
DEPRECIATION
At 1 January 2023 77,215
Charge for year 4,393
Eliminated on disposal (705 )
At 31 December 2023 80,903
NET BOOK VALUE
At 31 December 2023 13,178
At 31 December 2022 17,571

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 501,322 1,066,760
Other debtors 46,528 42,238
547,850 1,108,998

Kesseboehmer Retail Merchandising UK Ltd (Registered number: 05116258)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 137,791 55,241
Amounts owed to group undertakings 2,676,938 3,463,447
Taxation and social security 100,536 276,631
Other creditors 22,698 15,634
2,937,963 3,810,953

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 82,500 82,500
Between one and five years 6,875 89,375
89,375 171,875

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
600,000 Ordinary £1 600,000 600,000

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. 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.

12. PARENT COMPANY

The parent company of the smallest group that draws up consolidated financial statements which include the results for STOREbest (UK) Limited and the company's ultimate parent is Kesseböhmer Holding KG and its registered office is 49152 Bad Essen, Germany.