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REGISTERED NUMBER: 04411982 (England and Wales)















WERTH METROLOGY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WERTH METROLOGY LIMITED (REGISTERED NUMBER: 04411982)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WERTH METROLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Dirk
C M Harrison



REGISTERED OFFICE: Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



REGISTERED NUMBER: 04411982 (England and Wales)



AUDITORS: Burrows Scarborough Limited
(Statutory Auditor)
Sovereign House
12 Warwick Street
Coventry
CV5 6ET



BANKERS: HSBC
15 Church Street
Rugby
Warwickshire
CV21 3PN

WERTH METROLOGY LIMITED (REGISTERED NUMBER: 04411982)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 130,427 66,963

CURRENT ASSETS
Stocks 167,882 122,508
Debtors 6 400,092 535,854
Cash at bank and in hand 114,642 99,666
682,616 758,028
CREDITORS
Amounts falling due within one year 7 711,683 692,930
NET CURRENT (LIABILITIES)/ASSETS (29,067 ) 65,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,360

132,061

PROVISIONS FOR LIABILITIES 21,959 5,527
NET ASSETS 79,401 126,534

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Retained earnings 77,401 124,534
SHAREHOLDERS' FUNDS 79,401 126,534

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





C M Harrison - Director


WERTH METROLOGY LIMITED (REGISTERED NUMBER: 04411982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Werth Metrology 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 company's main trading address is 35A Brunel Parkway, Pride Park, Derby, DE24 8HR.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Management have determined that there are no material uncertainties in relation to going concern by considering future cash flows, liquidity and borrowing facilities.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WERTH METROLOGY LIMITED (REGISTERED NUMBER: 04411982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

No amounts were payable in relation to the pension scheme at the year end date (2023 £nil).

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Turnover and other income
Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on receipt of goods by the customer when the goods have been fully installed.

Rendering of services contracts
Service contracts are recognised when the company obtains the right to consideration.

Commissions Received
The right to commission is at the point when the end customer of the sale pays the supplier in full for the goods. The company acts as a sales agent in this situation and accounts for commission income at this point.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

9,500

9,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 139,948
Additions 99,289
At 30 June 2024 239,237
DEPRECIATION
At 1 July 2023 72,985
Charge for year 35,825
At 30 June 2024 108,810
NET BOOK VALUE
At 30 June 2024 130,427
At 30 June 2023 66,963

WERTH METROLOGY LIMITED (REGISTERED NUMBER: 04411982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 352,802 431,803
Other debtors 6,251 6,251
Prepayments 41,039 97,800
400,092 535,854

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 607,865 506,648
Taxation 64,809 43,446
Social security and other
taxes 6,533 81,377
Other creditors 15,513 13,185
Directors' current accounts 12,048 36,041
Accruals and deferred income 4,915 12,233
711,683 692,930

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 48,780 24,676
Between one and five years 62,716 27,845
111,496 52,521

9. SECURED DEBTS

HSBC UK Bank PLC have a fixed and floating charge over all company assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1.00 1,000 1,000
1,000 Ordinary B £1.00 1,000 1,000
2,000 2,000

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

The Report of the Auditors was unqualified.

Adam Bexon MChem FCA (Senior Statutory Auditor)
for and on behalf of Burrows Scarborough Limited

WERTH METROLOGY LIMITED (REGISTERED NUMBER: 04411982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
C M Harrison
Balance outstanding at start of year - -
Amounts advanced 34,622 20,342
Amounts repaid (34,622 ) (20,342 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Amounts advanced are free from interest and there are no conditions attached to the loan.

13. RELATED PARTY DISCLOSURES

All transactions with related parties were undertaken under normal market conditions.

14. ULTIMATE CONTROLLING PARTY

The company is under the control of Dr R Christoph, by result of his controlling shareholding in Werth Messtechnik GmbH.

Werth Messtechnik GmbH, of Siemensstrasse 19, 35394 Giessen, Germany, owns a controlling shareholding in the company.