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REGISTERED NUMBER: 06719581 (England and Wales)
























Financial Statements for the Year Ended 31 December 2024

for

PTW-UK Limited

PTW-UK Limited (Registered number: 06719581)






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


PTW-UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Dr T Schule


REGISTERED OFFICE: Suites 48-49
Autumn Park Business Centre
Dysart Road
Grantham
Lincolnshire
NG31 7EU


REGISTERED NUMBER: 06719581 (England and Wales)


SENIOR STATUTORY AUDITOR: Peter Morris


AUDITOR: Torr Waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW


BANKERS: NatWest
Western Avenue,
Waterside Court
Chatham Maritime
Chatham
Kent
ME4 4RT

PTW-UK Limited (Registered number: 06719581)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 50,933 75,768

CURRENT ASSETS
Stocks 38,158 7,172
Debtors 5 530,228 394,830
Prepayments and accrued income 31,870 51,553
Cash at bank and in hand 278,345 239,149
878,601 692,704
CREDITORS
Amounts falling due within one year 6 343,635 340,024
NET CURRENT ASSETS 534,966 352,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,899

428,448

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 575,899 418,448
585,899 428,448

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 director and authorised for issue on 12 May 2025 and were signed by:





Dr T Schule - Director


PTW-UK Limited (Registered number: 06719581)

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

1. STATUTORY INFORMATION

PTW-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.

Going concern
The director is continually reviewing his plans and forecasts and believes that the going concern basis is appropriate in the foreseeable future. However, given the nature of its trade the Company is dependent on the support of its parent company. The directors of PTW Freiburg GmbH, the parent company, have confirmed that they will provide financial support as and when required to allow the Company to continue to trade. The financial support will allow the Company to satisfy all third party obligations in full when they become due.

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

Turnover from contracts for the provision of services is recognised when the significant risks and rewards of the transactions have been passed onto the customer and the revenue can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% straight line

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

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.


PTW-UK Limited (Registered number: 06719581)

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 11,269 133,372 144,641
Additions - 5,861 5,861
Disposals - (27,812 ) (27,812 )
At 31 December 2024 11,269 111,421 122,690
DEPRECIATION
At 1 January 2024 9,093 59,780 68,873
Charge for year 2,176 20,377 22,553
Eliminated on disposal - (19,669 ) (19,669 )
At 31 December 2024 11,269 60,488 71,757
NET BOOK VALUE
At 31 December 2024 - 50,933 50,933
At 31 December 2023 2,176 73,592 75,768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 530,228 394,830

PTW-UK Limited (Registered number: 06719581)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,796
Trade creditors 6,244 6,189
Amounts owed to group undertakings 135,751 115,552
Taxation and social security 102,277 86,616
Accruals and deferred income 99,363 129,871
343,635 340,024

7. LEASING AGREEMENTS
OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is NIL (2023 - £5,600)

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

The Report of the Auditor was unqualified.

Peter Morris (Senior Statutory Auditor)
for and on behalf of Torr Waterfield

9. RELATED PARTY DISCLOSURES

The ultimate controlling party is PTW-Freiburg GmbH a company registered in Germany.

Copies of the group consolidated accounts can be requested from:

PTW-Freiburg GmbH
Lorracher Strasse 7
79115
Freiburg
Germany