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REGISTERED NUMBER: 02481673 (England and Wales)











Audited Financial Statements

for the Year Ended 31 December 2024

for

Univolt (UK) Limited

Univolt (UK) Limited (Registered number: 02481673)

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


Univolt (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr M Pocksteiner
D C Mattin
J Pfeil



REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY



REGISTERED NUMBER: 02481673 (England and Wales)



SENIOR STATUTORY AUDITOR: Susan Ambrose FCCA FCA



AUDITORS: Butt Miller
Chartered Accountants and Statutory Auditor
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Univolt (UK) Limited (Registered number: 02481673)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 249,227 238,467

CURRENT ASSETS
Stocks 5 1,114,893 1,021,630
Debtors 6 3,426,300 2,239,759
Cash at bank and in hand 977,275 1,031,908
5,518,468 4,293,297
CREDITORS
Amounts falling due within one year 7 (4,214,219 ) (3,434,222 )
NET CURRENT ASSETS 1,304,249 859,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,553,476

1,097,542

CREDITORS
Amounts falling due after more than one
year

8

-

(2,761

)

PROVISIONS FOR LIABILITIES (52,752 ) (49,289 )
NET ASSETS 1,500,724 1,045,492

CAPITAL AND RESERVES
Called up share capital 255,000 255,000
Retained earnings 1,245,724 790,492
SHAREHOLDERS' FUNDS 1,500,724 1,045,492

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 20 March 2025 and were signed on its behalf by:





D C Mattin - Director


Univolt (UK) Limited (Registered number: 02481673)

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


1. STATUTORY INFORMATION

Univolt (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.

Turnover
Turnover comprises the value of sales (excluding value added tax and similar taxes and trade discounts) of goods and services in the normal course of business.

Revenue is recognised at the point of sale which is usually determined by the date of delivery.

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 - Over the remaining period of the lease
Plant and machinery - 20-33% on cost
Fixtures and fittings - 10% on cost

The directors review the assets for impairment annually. Any impairments identified are included in the accounts on discovery.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the year end 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.

Univolt (UK) Limited (Registered number: 02481673)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and operating leases
Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives.

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

Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 39,412 47,714 405,898 493,024
Additions - 10,419 42,940 53,359
At 31 December 2024 39,412 58,133 448,838 546,383
DEPRECIATION
At 1 January 2024 657 40,387 213,513 254,557
Charge for year 2,634 9,414 30,551 42,599
At 31 December 2024 3,291 49,801 244,064 297,156
NET BOOK VALUE
At 31 December 2024 36,121 8,332 204,774 249,227
At 31 December 2023 38,755 7,327 192,385 238,467

5. STOCKS
2024 2023
£    £   
Stocks 1,114,893 1,021,630

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,214,450 1,989,416
Other debtors 1,124 1,258
Prepayments 49,413 87,772
3,264,987 2,078,446

Univolt (UK) Limited (Registered number: 02481673)

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


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 161,313 161,313

Aggregate amounts 3,426,300 2,239,759

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 2,761 7,980
Trade creditors 465,849 128,560
Amounts owed to group undertakings 2,327,179 2,640,341
Tax 238,822 171,492
Social security and other taxes 670,995 216,086
Other creditors 314,730 193,752
Accruals and deferred income 193,883 76,011
4,214,219 3,434,222

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 2,761

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,761 7,980
Between one and five years - 2,761
2,761 10,741

Non-cancellable operating leases
2024 2023
£    £   
Within one year 267,954 208,506
Between one and five years 1,366,701 1,214,828
In more than five years 2,822,969 3,145,594
4,457,624 4,568,928

Univolt (UK) Limited (Registered number: 02481673)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,761 10,741

Hire purchase contracts are secured on the assets held under these contracts.

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

The Report of the Auditors was unqualified.

Susan Ambrose FCCA FCA (Senior Statutory Auditor)
for and on behalf of Butt Miller

12. 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.

The ultimate and immediate holding company is Dietzel-Univolt Holding GmbH, incorporated in Austria. Dietzel-Univolt Holding GmbH is the parent company of the largest and smallest of the group for which consolidated accounts are prepared. A copy of the financial statements of Dietzel-Univolt Holding GmbH can be obtained from 1111 Vienna, 1. Haidequerstrasse 3-5 Austria.

13. 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.