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REGISTERED NUMBER: 05490650 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

HEINZ-GLAS UK LIMITED

HEINZ-GLAS UK LIMITED (REGISTERED NUMBER: 05490650)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEINZ-GLAS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mrs V Elliott
B P Stauch



SECRETARY: M Lehmann



REGISTERED OFFICE: The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ



REGISTERED NUMBER: 05490650 (England and Wales)



SENIOR STATUTORY AUDITOR: David M Green FCA



AUDITORS: Gowers Limited, Statutory Auditor
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

HEINZ-GLAS UK LIMITED (REGISTERED NUMBER: 05490650)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,046 533

CURRENT ASSETS
Debtors 5 131,077 8,179
Cash at bank and in hand 1,206,472 1,301,429
1,337,549 1,309,608
CREDITORS
Amounts falling due within one year 6 (59,665 ) (116,139 )
NET CURRENT ASSETS 1,277,884 1,193,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,930

1,194,002

PROVISIONS FOR LIABILITIES (580 ) (580 )
NET ASSETS 1,278,350 1,193,422

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,278,250 1,193,322
SHAREHOLDERS' FUNDS 1,278,350 1,193,422

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 18th March 2025 and were signed on its behalf by:





Mrs V Elliott - Director


HEINZ-GLAS UK LIMITED (REGISTERED NUMBER: 05490650)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Heinz-Glas 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.

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 commissions receivable from group companies excluding Value Added Tax.

Tangible fixed assets
Depreciation has been provided at the following annual rates on the straight line basis, in order to write off each asset over its estimated useful life.

Office equipment- 20%
Furniture, fixtures and fittings- 20%
Computer equipment- 33.33%

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.

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 an appropriate rate of exchange at the date of the transaction. Exchange differences are taken into account in arriving at the operating results.

HEINZ-GLAS UK LIMITED (REGISTERED NUMBER: 05490650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution money purchase pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The assets of the scheme are held separately from those of the company in an independently administered fund. The scheme also has defined benefit characteristics.

Amounts paid to defined contribution schemes are recognised in the profit and loss account when the payments fall due.

Leases
All leases held by the company are regarded as operating leases and the total of payments made under them is charged to the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1st January 2024 36 440 6,306 6,782
Additions 23 - 1,117 1,140
At 31st December 2024 59 440 7,423 7,922
DEPRECIATION
At 1st January 2024 28 417 5,804 6,249
Charge for year 8 19 600 627
At 31st December 2024 36 436 6,404 6,876
NET BOOK VALUE
At 31st December 2024 23 4 1,019 1,046
At 31st December 2023 8 23 502 533

HEINZ-GLAS UK LIMITED (REGISTERED NUMBER: 05490650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,309 3,046
VAT recoverable 239 311
Tax - 2,931
Prepayments and accrued income 128,529 1,891
131,077 8,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests - 31,032
Corporation tax 15,895 -
Social security and other taxes 3,475 8,247
Other creditors 3,252 3,580
Accruals and deferred income 37,043 13,364
Deferred income - 59,916
59,665 116,139

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,943 258
Between one and five years 12,876 -
18,819 258

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

The Report of the Auditors was unqualified.

David M Green FCA (Senior Statutory Auditor)
for and on behalf of Gowers Limited, Statutory Auditor

9. RELATED PARTY DISCLOSURES

During the year all goods sold were sourced from group companies. The commissions of £347,201 (2023: £215,987) were all receivable from group entities.

Costs recharged from Heinz-Glas GmbH & Co. KGaA during the year amounted to £61,891 (2023: £39,753).