WERNER UK OPERATIONS LIMITED

Company Registration Number:
08883225 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WERNER UK OPERATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WERNER UK OPERATIONS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

During the year, the company continued to incur the cost associated with the lease at the site from which the main trading entity within the group operates from and recharged its lease obligation to the associated group company.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

G F SCOTT
J J WHITE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 February 2025

And signed on behalf of the board by:
Name: J J WHITE
Status: Director

WERNER UK OPERATIONS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 674,000 674,000
Cost of sales: ( 674,000 ) ( 674,000 )
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 2,000 ) ( 20,000 )
Other operating income: 544,000 0
Operating profit(or loss): 542,000 (20,000)
Interest receivable and similar income: 323,000 57,000
Interest payable and similar charges: 0 ( 15,000 )
Profit(or loss) before tax: 865,000 22,000
Tax: 0 0
Profit(or loss) for the financial year: 865,000 22,000

WERNER UK OPERATIONS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 3,437,000 2,427,000
Cash at bank and in hand: 8,000 141,000
Investments:   0 0
Total current assets: 3,445,000 2,568,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 292,000 ) ( 280,000 )
Net current assets (liabilities): 3,153,000 2,288,000
Total assets less current liabilities: 3,153,000 2,288,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,153,000 2,288,000
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 3,152,000 2,287,000
Total Shareholders' funds: 3,153,000 2,288,000

The notes form part of these financial statements

WERNER UK OPERATIONS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 February 2024
and signed on behalf of the board by:

Name: J J WHITE
Status: Director

The notes form part of these financial statements

WERNER UK OPERATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover comprises solely of rental income which is recognised on a straight-line basis over the term of the lease from other group companies.

    Other accounting policies

    The company's functional and presentational currency is considered to be pounds sterling because that is the currency of the primary economic area in which the Company operates. Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within finance income or costs. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within other operating income. Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the period of the lease. At the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance sheet. The tax expense for the year comprises current and deferred tax. Tax is recognized in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognized as other comprehensive income or to an item recognized directly in equity is also recognized in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

WERNER UK OPERATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

WERNER UK OPERATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 8,000 0
Prepayments and accrued income 236,000 104,000
Other debtors 3,193,000 2,323,000
Total 3,437,000 2,427,000
Debtors due after more than one year: 0 0

WERNER UK OPERATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 229,000 256,000
Other creditors 63,000 24,000
Total 292,000 280,000