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REGISTERED NUMBER: 08435404 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BATTERY COMPONENTS LIMITED

BATTERY COMPONENTS LIMITED (REGISTERED NUMBER: 08435404)






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


BATTERY COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T G Burgess
M J Stevenson





REGISTERED OFFICE: Unit 21 Westbrook Trading Estate
Westbrook Road
Trafford Park
Manchester
M17 1AY





REGISTERED NUMBER: 08435404 (England and Wales)





AUDITORS: Walker Begley UK Limited
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

BATTERY COMPONENTS LIMITED (REGISTERED NUMBER: 08435404)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 36,381 37,748

CURRENT ASSETS
Stocks 1,082,642 1,173,194
Debtors 516,879 403,464
Cash at bank 237,037 185,065
1,836,558 1,761,723
CREDITORS
Amounts falling due within one year 1,801,387 1,738,993
NET CURRENT ASSETS 35,171 22,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,552

60,478

CREDITORS
Amounts falling due after more than one
year

35,462

39,520
NET ASSETS 36,090 20,958

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 36,030 20,898
SHAREHOLDERS' FUNDS 36,090 20,958

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 Income Statement 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





T G Burgess - Director


BATTERY COMPONENTS LIMITED (REGISTERED NUMBER: 08435404)

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

1. STATUTORY INFORMATION

Battery Components 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. 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 as modified by the revaluation of certain assets.

The company made a small profit for the year ended 31 December 2023. The company is dependent, in the absence of other funding, on the continued financial support of Triathlon Holdings GmbH. The company has confirmed it's commitment to provide the necessary support by providing adequate facilities.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Related party exemption
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.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.


BATTERY COMPONENTS LIMITED (REGISTERED NUMBER: 08435404)

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.

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 9 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 91,503
Additions 26,565
Disposals (28,809 )
At 31 December 2023 89,259
DEPRECIATION
At 1 January 2023 53,755
Charge for year 11,727
Eliminated on disposal (12,604 )
At 31 December 2023 52,878
NET BOOK VALUE
At 31 December 2023 36,381
At 31 December 2022 37,748

BATTERY COMPONENTS LIMITED (REGISTERED NUMBER: 08435404)

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

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 4,758 5,075
Between one and five years 20,462 14,520
25,220 19,595

Non-cancellable operating leases
31/12/23 31/12/22
£    £   
Within one year 38,650 38,650
Between one and five years 35,429 74,079
74,079 112,729

7. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts 25,220 19,595

Liabilities under hire purchase agreements are secured against the assets to which they relate.

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

The Report of the Auditors was unqualified.

Mr K G Begley (Senior Statutory Auditor)
for and on behalf of Walker Begley UK Limited

9. RELATED PARTY DISCLOSURES

Included within creditors as at 31 December 2023 is an amount of £289,547 (202 - £465,399) in respect of Triathlon Battery Solutions Limited, a company under common control. Purchases from the company during the year amounted to £10,263, with sales of £2,443,832.

Also included within creditors is an amount of £305,419 (2022 - £319,989) due to Triathlon Holdings GmbH, another group company. Interest of £18,209 was paid to Triathlon Holdings GmbH during the year.

Included within debtors is an amount of £79,940.87 (2022 - £38,660) due from Triathlon Battery Solutions Inc and an amount of £32,714 (2022 - £54,323) from Triathlon Battery Solutions PTY Limited, both other group members.

Sales to Triathlon Batterien GmbH, another group company, totalled £104,613 during during the year.

BATTERY COMPONENTS LIMITED (REGISTERED NUMBER: 08435404)

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

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. ULTIMATE CONTROLLING PARTY

For the period of account, the company was a subsidiary undertaking of Triathlon International GmbH, a company incorporated in Germany, registered office address Am Brand 11 - 13, 90602 Seligenporten. Triathlon International GmbH control Triathlon Battery Solutions Limited as they own 51% of its share capital.

The ultimate parent was Geraer Batterie-Dienst GmbH until 7th February 2023 when Sunlight Group Energy Storage Systems SA acquired a 51% stake in Triathlon Holding GmbH from Geraer Batterie-Dienst GmbH. The remaining 49% was acquired in July 2023.

Sunlight Group Energy Storage Systems SA is part of the Olympia Group Ltd, a private company incorporated and existing under the laws of Cyprus, with registration number HE 161762. Registered office address is Olympia Business Centre (3rd Floor), Arch, Makariou III & Nikolaou Gyzi 2, 3060 Limassol, Cyprus.