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REGISTERED NUMBER: 01489927 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GFA ELEKTROMATEN UK LTD

GFA ELEKTROMATEN UK LTD (REGISTERED NUMBER: 01489927)

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 to 6


GFA ELEKTROMATEN UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A D Collett
S R Kleine





REGISTERED OFFICE: Tournament Fields Business Park
Agincourt Road
Warwick
CV34 6XZ





REGISTERED NUMBER: 01489927 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

GFA ELEKTROMATEN UK LTD (REGISTERED NUMBER: 01489927)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 189,860 -
Tangible assets 5 117,287 177,096
307,147 177,096

CURRENT ASSETS
Stocks 1,449,214 1,456,717
Debtors 6 2,999,326 2,838,040
Cash at bank and in hand 1,846,755 477,382
6,295,295 4,772,139
CREDITORS
Amounts falling due within one year 7 1,720,683 414,699
NET CURRENT ASSETS 4,574,612 4,357,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,881,759

4,534,536

PROVISIONS FOR LIABILITIES 6,876 19,404
NET ASSETS 4,874,883 4,515,132

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Capital redemption reserve 20,000 20,000
Retained earnings 4,844,883 4,485,132
4,874,883 4,515,132

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 6 May 2025 and were signed on its behalf by:





A D Collett - Director


GFA ELEKTROMATEN UK LTD (REGISTERED NUMBER: 01489927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

GfA Elektromaten UK Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Computer software
Computer software has been capitalised in the accounts in relation to a new computer system. This system had not gone live by 31 December 2024 so therefore no amortisation has been provided for in the year.

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

-

33.33% on cost and 15% 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 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.


GFA ELEKTROMATEN UK LTD (REGISTERED NUMBER: 01489927)

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 189,860
At 31 December 2024 189,860
NET BOOK VALUE
At 31 December 2024 189,860

GFA ELEKTROMATEN UK LTD (REGISTERED NUMBER: 01489927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Office
Plant furniture
equipment Fixtures and
and and Motor computer
fittings fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 58,256 3,875 209,315 164,610 436,056
Additions 1,810 1,423 - 6,457 9,690
Disposals - - (27,914 ) - (27,914 )
At 31 December 2024 60,066 5,298 181,401 171,067 417,832
DEPRECIATION
At 1 January 2024 49,475 3,875 75,781 129,829 258,960
Charge for year 1,983 30 40,375 27,111 69,499
Eliminated on disposal - - (27,914 ) - (27,914 )
At 31 December 2024 51,458 3,905 88,242 156,940 300,545
NET BOOK VALUE
At 31 December 2024 8,608 1,393 93,159 14,127 117,287
At 31 December 2023 8,781 - 133,534 34,781 177,096

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,952,492 2,528,051
Other debtors 46,834 309,989
2,999,326 2,838,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,071,546 215,481
Taxation and social security 477,777 57,089
Other creditors 171,360 142,129
1,720,683 414,699

GFA ELEKTROMATEN UK LTD (REGISTERED NUMBER: 01489927)

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:
2024 2023
£    £   
Within one year 210,408 210,816
Between one and five years 206,096 210,408
In more than five years 608,822 815,495
1,025,326 1,236,719

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

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime

10. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is BPK Beteiligungsgesellschaft GmbH & Co.KG, an entity registered in Germany.