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Registered number: 01106319










KISTLER INSTRUMENTS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
KISTLER INSTRUMENTS LIMITED
REGISTERED NUMBER: 01106319

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
138,574
58,594

  
138,574
58,594

Current assets
  

Stocks
  
455,699
174,266

Debtors: amounts falling due within one year
 5 
1,914,483
1,714,855

Cash at bank and in hand
  
923,483
1,713,076

  
3,293,665
3,602,197

Creditors: amounts falling due within one year
 6 
(3,590,194)
(2,644,416)

Net current (liabilities)/assets
  
 
 
(296,529)
 
 
957,781

Total assets less current liabilities
  
(157,955)
1,016,375

  

Net (liabilities)/assets
  
(157,955)
1,016,375


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
(257,955)
916,375

  
(157,955)
1,016,375


Page 1

 
KISTLER INSTRUMENTS LIMITED
REGISTERED NUMBER: 01106319
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M D Butcher
Director

Date: 15 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Kistler Instruments Limited, (01106319), is a private company limited by shares and incorporated in England. Its registered office is 13 Murrell Green Business Park, London Road, Hook, Hampshire, RG27 9GR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the going concern status of the Company and have concluded it remains appropriate to prepare the financial statements on a going concern basis.  At the reporting date the Company reported a loss after tax for the year of £674,330 and has reported net liabilities of £157,955. The Company has the continued support of their Parent company meaning they will be able to meet their liabilities as and when they fall due.  

Page 3

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20-33.3% straight line
Demonstration equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 16).


4.


Tangible fixed assets





Fixtures and fittings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2023
285,855
44,833
330,688


Additions
73,483
35,707
109,190



At 31 December 2023

359,338
80,540
439,878



Depreciation


At 1 January 2023
227,261
44,833
272,094


Charge for the year on owned assets
20,656
8,554
29,210



At 31 December 2023

247,917
53,387
301,304



Net book value



At 31 December 2023
111,421
27,153
138,574



At 31 December 2022
58,594
-
58,594

Page 7

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,614,158
1,232,214

Amounts owed by group undertakings
4,544
170,760

Other debtors
124,103
-

Prepayments and accrued income
171,678
311,881

1,914,483
1,714,855



6.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Trade creditors
143,146
206,791

Amounts owed to group undertakings
1,246,320
759,011

Corporation tax
-
85,545

Other taxation and social security
1,135,339
724,834

Other creditors
15,524
3,844

Accruals and deferred income
1,049,865
864,391

3,590,194
2,644,416



7.


Prior year adjustment

The comparative figures in these financial statements include a prior year adjustment to increase Cost of Sales and Other taxation and social security within Creditors by £278,771 in relation to irrecoverable import VAT incorrectly reclaimed during 2022. Accruals have increased by £52,956 for associated costs.
The comparative figures in these financial statements also include a prior year opening reserves adjustment to increase Other taxation and social security within Creditors by £205,044 in relation to irrecoverable import VAT incorrectly reclaimed during 2021. Accruals have increased by £31,678 for associated costs. 
The total impact upon profit and reserves for the year ended 31 December 2021 is a reduction of £236,723 from that previously stated and for the year ended 31 December 2022 is a cumulative reduction of £568,449 from that previously stated.

Page 8

 
KISTLER INSTRUMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Related party transactions

The company has taken advantage of the exemption conferred by Financial Reporting Standard 102 not
to disclose transactions with members of the group headed by Kistler Holding AG on the grounds that
100% of the voting rights in the company are controlled within that group.


9.


Controlling party

The ultimate Parent Undertaking is Kistler Holding AG, a company incorporated in Switzerland. It has included the company in its group accounts, copies of which are available from its registered office: Head Quarter, Eulachstrasse 22, 8408 Winterthur, Switzerland.

10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 19 May 2025 by Keely Harvey FCA (Senior statutory auditor) on behalf of Shaw Gibbs (Audit) Limited.

 
Page 9