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REGISTERED NUMBER: 01478359 (England and Wales)















KUHN RIKON (U.K.) LIMITED

Financial Statements for the Year Ended 31 December 2024






KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

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


KUHN RIKON (U.K.) LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: E Margetts
T Gerfin





SECRETARY: E Margetts





REGISTERED OFFICE: 47 Planetary Road
Willenhall
Wolverhampton
WV13 93X





REGISTERED NUMBER: 01478359 (England and Wales)





AUDITORS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 16,586 25,297
Tangible assets 5 71,918 108,378
88,504 133,675

CURRENT ASSETS
Stocks 815,053 1,014,680
Debtors 6 629,984 440,498
Cash at bank 185,490 96,916
1,630,527 1,552,094
CREDITORS
Amounts falling due within one year 7 1,808,153 1,954,025
NET CURRENT LIABILITIES (177,626 ) (401,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,122

)

(268,256

)

CAPITAL AND RESERVES
Called up share capital 9 19,840 19,840
Share premium 10 15,000 15,000
Retained earnings 10 (123,962 ) (303,096 )
SHAREHOLDERS' FUNDS (89,122 ) (268,256 )

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 10 April 2025 and were signed on its behalf by:





T Gerfin - Director


KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

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


1. STATUTORY INFORMATION

Kuhn Rikon (U.K.) 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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Negative goodwill is being amortised evenly over its estimated useful life of five years.

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 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.

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

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


2. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Going concern
The company had net current liabilities in the current and prior year. The parent company, Kuhn Rikon A.G., has confirmed that the balance due to themselves will not be called in to the detriment of the company. The company is confident of continuing to meet its other current liabilities.

For these reasons the directors believe the ongoing adoption of the going concern basis for the preparation of the financial statement to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Negative
goodwill
£   
COST
At 1 January 2024 195,145
Additions 5,000
Disposals (28,800 )
At 31 December 2024 171,345
AMORTISATION
At 1 January 2024 169,848
Amortisation for year 13,711
Eliminated on disposal (28,800 )
At 31 December 2024 154,759
NET BOOK VALUE
At 31 December 2024 16,586
At 31 December 2023 25,297

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 12,352 242,761 110,198 365,311
Additions - - 1,165 1,165
Disposals - (103,153 ) (74,109 ) (177,262 )
At 31 December 2024 12,352 139,608 37,254 189,214
DEPRECIATION
At 1 January 2024 2,779 165,282 88,872 256,933
Charge for year 2,471 24,569 10,585 37,625
Eliminated on disposal - (103,153 ) (74,109 ) (177,262 )
At 31 December 2024 5,250 86,698 25,348 117,296
NET BOOK VALUE
At 31 December 2024 7,102 52,910 11,906 71,918
At 31 December 2023 9,573 77,479 21,326 108,378

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 566,969 382,006
Other debtors - 495
Prepayments 63,015 57,997
629,984 440,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 79,322 55,971
Amounts owed to group undertakings 1,520,780 1,747,507
Social security and other taxes 14,206 13,974
VAT 167,145 115,678
Accrued expenses 26,700 20,895
1,808,153 1,954,025

KUHN RIKON (U.K.) LIMITED (REGISTERED NUMBER: 01478359)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 85,132 85,133
Between one and five years 127,699 212,831
212,831 297,964

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
19,840 Ordinary £1 19,840 19,840

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 (303,096 ) 15,000 (288,096 )
Profit for the year 179,134 179,134
At 31 December 2024 (123,962 ) 15,000 (108,962 )

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

The Report of the Auditors was unqualified.

James Roden BA FCA (Senior Statutory Auditor)
for and on behalf of Lancaster Haskins Limited

12. ULTIMATE PARENT COMPANY

The company's immediate and ultimate parent undertaking is Kuhn Rikon A.G. which is incorporated in Switzerland.