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REGISTERED NUMBER: 02344535 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

Meter Mix Systems Limited

Meter Mix Systems Limited (Registered number: 02344535)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meter Mix Systems Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Knaus
D Laux Lucioni





SECRETARY: D Laux Lucioni





REGISTERED OFFICE: Brindley Close
Rushden Business Park
Rushden
Northamptonshire
NN10 6EN





REGISTERED NUMBER: 02344535 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
Chartered Accountants
Statutory Auditors
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Meter Mix Systems Limited (Registered number: 02344535)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 5 8,367 9,412
Tangible assets 6 70,839 79,920
79,206 89,332

CURRENT ASSETS
Stocks 7 838,783 694,351
Debtors 8 1,168,192 1,324,787
Cash at bank and in hand 1,041,037 474,326
3,048,012 2,493,464
CREDITORS
Amounts falling due within one year 9 929,254 521,865
NET CURRENT ASSETS 2,118,758 1,971,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,197,964

2,060,931

PROVISIONS FOR LIABILITIES 11 17,060 21,540
NET ASSETS 2,180,904 2,039,391

CAPITAL AND RESERVES
Called up share capital 12 3,000 3,000
Retained earnings 2,177,904 2,036,391
SHAREHOLDERS' FUNDS 2,180,904 2,039,391

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 26 March 2025 and were signed on its behalf by:





D Laux Lucioni - Director


Meter Mix Systems Limited (Registered number: 02344535)

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

1. STATUTORY INFORMATION

Meter Mix Systems 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.

Preparation of consolidated financial statements
The financial statements contain information about Meter Mix Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold improvements - 15% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Meter Mix Systems Limited (Registered number: 02344535)

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

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.

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.

Debtors and creditors
Short term debtors are measured at transaction price, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 January 2024
and 31 December 2024 10,000 10,457 20,457
AMORTISATION
At 1 January 2024 9,999 1,046 11,045
Charge for year - 1,045 1,045
At 31 December 2024 9,999 2,091 12,090
NET BOOK VALUE
At 31 December 2024 1 8,366 8,367
At 31 December 2023 1 9,411 9,412

Meter Mix Systems Limited (Registered number: 02344535)

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

6. TANGIBLE FIXED ASSETS
Long Fixtures
leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 January 2024 116,489 42,292 168,326 9,728 336,835
Additions - 6,377 11,727 - 18,104
At 31 December 2024 116,489 48,669 180,053 9,728 354,939
DEPRECIATION
At 1 January 2024 97,439 29,749 120,000 9,727 256,915
Charge for year 5,840 4,914 16,431 - 27,185
At 31 December 2024 103,279 34,663 136,431 9,727 284,100
NET BOOK VALUE
At 31 December 2024 13,210 14,006 43,622 1 70,839
At 31 December 2023 19,050 12,543 48,326 1 79,920

7. STOCKS
2024 2023
£ £
Stocks 520,552 464,056
Work-in-progress 318,231 230,295
838,783 694,351

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 367,206 519,832
Amounts owed by group undertakings 673,834 742,000
Other Debtors 8,675 -
Prepayments 118,477 62,955
1,168,192 1,324,787

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 344,720 148,046
Tax 240,417 136,060
Social security and other taxes 21,508 19,833
VAT 31,003 39,790
Other creditors 226,652 131,136
Accrued expenses 64,954 47,000
929,254 521,865

Meter Mix Systems Limited (Registered number: 02344535)

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

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 81,278 83,871
Between one and five years 117,333 181,226
198,611 265,097

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 17,060 21,540

Deferred tax
£
Balance at 1 January 2024 21,540
Accelerated capital allowances (4,480 )
Balance at 31 December 2024 17,060

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3,000 Ordinary £1 3,000 3,000

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

The Report of the Auditors was unqualified.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

14. FINANCIAL COMMITMENTS

Meter Mix Systems Limited has provided a guarantee over a €22,000,000 credit facility provided by Commerzbank Aktienesellschaft.to Hilger u. kern GMBH the ultimate parent company.

15. 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.

16. ULTIMATE CONTROLLING PARTY

The controlling party is Meter Mix Holdings Limited.

The ultimate controlling party is Hilger u, Kern Gmbh.

Registered office Käfertaler Str. 253, 68167 Mannheim, Germany.