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REGISTERED NUMBER: 01853001 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Knitter-Switch UK Limited

Knitter-Switch UK Limited (Registered number: 01853001)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knitter-Switch UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: E I Kulb
H Kulb





REGISTERED OFFICE: Grove House
Lutyens Court
Chineham Court
Basingstoke
Hampshire
RG24 8AG





REGISTERED NUMBER: 01853001 (England and Wales)





ACCOUNTANTS: Randall Accountancy Limited
22 The Crofts
Basingstoke
Hampshire
RG22 4RF

Knitter-Switch UK Limited (Registered number: 01853001)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 999 526

CURRENT ASSETS
Debtors 5 31,138 54,232
Cash at bank 129,278 260,512
160,416 314,744
CREDITORS
Amounts falling due within one year 6 16,819 17,917
NET CURRENT ASSETS 143,597 296,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,596

297,353

CAPITAL AND RESERVES
Called up share capital 7 25,000 25,000
Retained earnings 119,596 272,353
SHAREHOLDERS' FUNDS 144,596 297,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Knitter-Switch UK Limited (Registered number: 01853001)

Balance Sheet - continued
31 December 2024


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 7 April 2025 and were signed on its behalf by:




H Kulb - Director



E I Kulb - Director


Knitter-Switch UK Limited (Registered number: 01853001)

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

1. STATUTORY INFORMATION

Knitter-Switch 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost

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.

Knitter-Switch UK Limited (Registered number: 01853001)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 3,640
Additions 1,018
At 31 December 2024 4,658
DEPRECIATION
At 1 January 2024 3,114
Charge for year 545
At 31 December 2024 3,659
NET BOOK VALUE
At 31 December 2024 999
At 31 December 2023 526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 29,501 52,786
Other debtors 1,637 1,446
31,138 54,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,003 1,315
Taxation and social security 11,291 11,347
Other creditors 4,525 5,255
16,819 17,917

Knitter-Switch UK Limited (Registered number: 01853001)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
25,000 Ordinary £1 25,000 25,000

8. RELATED PARTY DISCLOSURES

During the year recharges of £365,158 (2023: £355,468) were made to Knitter-switch & Co Gmbh KG. At the year end £29,501 (2023: £52,786) was owed to the company by Knitter-switch & Co Gmbh KG.

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Knitter-switch Gmbh & Co KG, a business registered in Germany.