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REGISTERED NUMBER: 01844475 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

Mayr Transmissions Limited

Mayr Transmissions Limited (Registered number: 01844475)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mayr Transmissions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Q Eberle
C Illig





REGISTERED OFFICE: Unit 10-11
Valley Road Business Park
Keighley
West Yorkshire
BD21 4LZ





REGISTERED NUMBER: 01844475 (England and Wales)





AUDITORS: Stirk Lambert & Co
Chartered Accountants
Statutory Auditors
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Mayr Transmissions Limited (Registered number: 01844475)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 65,474 39,640

CURRENT ASSETS
Stocks 225,285 203,395
Debtors 5 474,467 608,796
Cash at bank and in hand 1,701,946 1,694,167
2,401,698 2,506,358
CREDITORS
Amounts falling due within one year 6 (401,075 ) (360,422 )
NET CURRENT ASSETS 2,000,623 2,145,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066,097

2,185,576

PROVISIONS FOR LIABILITIES 8 (3,066 ) -
NET ASSETS 2,063,031 2,185,576

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings 2,013,031 2,135,576
SHAREHOLDERS' FUNDS 2,063,031 2,185,576

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.

Mayr Transmissions Limited (Registered number: 01844475)

Statement of Financial Position - continued
31 December 2024



The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:




J Q Eberle - Director



C Illig - Director


Mayr Transmissions Limited (Registered number: 01844475)

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

1. STATUTORY INFORMATION

Mayr Transmissions 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.

Related party exemption
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.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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 transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service
transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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 - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% 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 statement of financial position date.


Mayr Transmissions Limited (Registered number: 01844475)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 2,975 4,750 34,843 94,952 137,520
Additions - - 1,318 41,650 42,968
Disposals - - - (33,901 ) (33,901 )
At 31 December 2024 2,975 4,750 36,161 102,701 146,587
DEPRECIATION
At 1 January 2024 2,975 2,672 20,838 71,395 97,880
Charge for year - 1,187 3,154 12,793 17,134
Eliminated on disposal - - - (33,901 ) (33,901 )
At 31 December 2024 2,975 3,859 23,992 50,287 81,113
NET BOOK VALUE
At 31 December 2024 - 891 12,169 52,414 65,474
At 31 December 2023 - 2,078 14,005 23,557 39,640

Mayr Transmissions Limited (Registered number: 01844475)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 373,942 581,971
Other debtors 1,123 2,419
Tax 9,206 -
Prepayments 90,196 24,406
474,467 608,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 47,214 27,098
Amounts owed to group undertakings 194,187 100,451
Tax 10,178 10,373
Social security and other taxes 112,110 167,818
Accrued expenses 37,386 54,682
401,075 360,422

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 27,500 26,000
Between one and five years 35,000 6,500
62,500 32,500

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 3,066 -

Deferred
tax
£   
Provided during year 3,066
Balance at 31 December 2024 3,066

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
50,000 Ordinary £1 50,000 50,000

Mayr Transmissions Limited (Registered number: 01844475)

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

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

The Report of the Auditors was unqualified.

Stephen McGevor FCCA (Senior Statutory Auditor)
for and on behalf of Stirk Lambert & Co

11. ULTIMATE CONTROLLING PARTY

At 31 December 2023 the company is a 100% owned subsidiary of Chr. Mayr GmbH & Co. KG. a company incorporated in Germany.

The smallest group for which consolidated financial statements are prepared is Chr. Mayr GmbH & Co. KG. The registered office of Chr. Mayr GmbH & Co. KG is Eichenstr, 1 Eichenstr, 87665 Mauerstetten, Germany.