47 16 May 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,622,393 294,726 1,917,119 385,358 162,176 547,534 1,369,585 1,237,035 xbrli:pure xbrli:shares iso4217:GBP 03711047 2024-04-01 2025-03-31 03711047 2025-03-31 03711047 2024-03-31 03711047 2023-04-01 2024-03-31 03711047 2024-03-31 03711047 2023-03-31 03711047 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 03711047 core:PlantMachinery 2024-04-01 2025-03-31 03711047 bus:Director7 2024-04-01 2025-03-31 03711047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03711047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03711047 core:LandBuildings 2024-03-31 03711047 core:PlantMachinery 2024-03-31 03711047 core:FurnitureFittings 2024-03-31 03711047 core:LandBuildings 2025-03-31 03711047 core:PlantMachinery 2025-03-31 03711047 core:FurnitureFittings 2025-03-31 03711047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 03711047 core:FurnitureFittings 2024-04-01 2025-03-31 03711047 core:WithinOneYear 2025-03-31 03711047 core:WithinOneYear 2024-03-31 03711047 core:ShareCapital 2025-03-31 03711047 core:ShareCapital 2024-03-31 03711047 core:RetainedEarningsAccumulatedLosses 2025-03-31 03711047 core:RetainedEarningsAccumulatedLosses 2024-03-31 03711047 core:BetweenOneFiveYears 2024-03-31 03711047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03711047 core:AfterOneYear 2025-03-31 03711047 core:AfterOneYear 2024-03-31 03711047 core:FurnitureFittings 2024-03-31 03711047 bus:Director1 2024-04-01 2025-03-31 03711047 bus:SmallEntities 2024-04-01 2025-03-31 03711047 bus:Audited 2024-04-01 2025-03-31 03711047 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03711047 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03711047 bus:FullAccounts 2024-04-01 2025-03-31 03711047 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 03711047 core:OtherPropertyPlantEquipment 2024-03-31 03711047 core:OtherPropertyPlantEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 03711047
Wittenstein High Integrity Systems Limited
Filleted Financial Statements
31 March 2025
Wittenstein High Integrity Systems Limited
Financial Statements
Year ended 31 March 2025
Contents
Pages
Balance sheet
1
Notes to the financial statements
2 to 7
Wittenstein High Integrity Systems Limited
Balance Sheet
31 March 2025
2025
2024
Note
£
£
Fixed assets
Intangible assets
5
1,369,585
1,237,035
Tangible assets
6
164,126
191,970
------------
------------
1,533,711
1,429,005
Current assets
Stocks
174,005
108,420
Debtors
7
1,969,586
1,747,909
Cash at bank and in hand
1,122,595
714,837
------------
------------
3,266,186
2,571,166
Creditors: amounts falling due within one year
8
1,683,451
1,542,043
------------
------------
Net current assets
1,582,735
1,029,123
------------
------------
Total assets less current liabilities
3,116,446
2,458,128
Provisions
Taxation including deferred tax
41,031
47,970
------------
------------
Net assets
3,075,415
2,410,158
------------
------------
Capital and reserves
Called up share capital
650,000
650,000
Profit and loss account
2,425,415
1,760,158
------------
------------
Shareholders funds
3,075,415
2,410,158
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 15 May 2025 , and are signed on behalf of the board by:
Mr A K Longhurst
Director
Company registration number: 03711047
Wittenstein High Integrity Systems Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Browns Court, Long Ashton Business Park, Yanley Lane, Long Ashton, Bristol, North Somerset, BS41 9LB. The company registration number is 03711047 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets and amortisation of intangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.
Revenue recognition
Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided. In relation to ongoing contracts around the year end, deferred income is accrued on the basis of percentage of work done compared to amounts invoiced.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Group transactions in foreign currencies are recorded at a standard company rate. Other non group transactions are translated at the spot rate of the invoice date. All differences are taken to profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development projects
-
Straight line over 5 - 7 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings
-
20% straight line
Plant and machinery
-
33% straight line
Fixtures and fittings
-
25% - 33% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stock and work in progress
Stock and work in progress have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 47 (2024: 37 ).
5. Intangible assets
Development costs
£
Cost
At 1 April 2024
1,622,393
Additions
294,726
------------
At 31 March 2025
1,917,119
------------
Amortisation
At 1 April 2024
385,358
Charge for the year
162,176
------------
At 31 March 2025
547,534
------------
Carrying amount
At 31 March 2025
1,369,585
------------
At 31 March 2024
1,237,035
------------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2024
4,650
20,513
118,642
533,501
677,306
Additions
903
88,198
89,101
Disposals
( 7,634)
( 29,086)
( 36,720)
-------
--------
---------
---------
---------
At 31 March 2025
4,650
20,513
111,911
592,613
729,687
-------
--------
---------
---------
---------
Depreciation
At 1 April 2024
4,650
20,513
79,996
380,177
485,336
Charge for the year
16,483
100,463
116,946
Disposals
( 7,635)
( 29,086)
( 36,721)
-------
--------
---------
---------
---------
At 31 March 2025
4,650
20,513
88,844
451,554
565,561
-------
--------
---------
---------
---------
Carrying amount
At 31 March 2025
23,067
141,059
164,126
-------
--------
---------
---------
---------
At 31 March 2024
38,646
153,324
191,970
-------
--------
---------
---------
---------
7. Debtors
2025
2024
£
£
Trade debtors
1,209,835
1,460,467
Amounts owed by group undertakings and undertakings in which the company has a participating interest
314,166
3,574
Other debtors
445,585
283,868
------------
------------
1,969,586
1,747,909
------------
------------
The debtors above include the following amounts falling due after more than one year:
2025
2024
£
£
Other debtors
9,580
9,013
-------
-------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
281,027
153,535
Amounts owed to group undertakings and undertakings in which the company has a participating interest
29,834
23,201
Corporation tax
106,776
Social security and other taxes
85,034
61,580
Other creditors
1,287,556
1,196,951
------------
------------
1,683,451
1,542,043
------------
------------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
49,195
75,862
Later than 1 year and not later than 5 years
49,195
--------
---------
49,195
125,057
--------
---------
10. Summary audit opinion
The auditor's report dated 16 May 2025 was unqualified .
The senior statutory auditor was Andrew Pountney , for and on behalf of Dean Statham .
11. Related party transactions
As a wholly owned subsidiary of Wittenstein SE, the company is exempt from the requirements of FRS 102 to disclose transactions with the other members of the group headed by Wittenstein SE.
12. Controlling party
The immediate and ultimate parent undertaking is Wittenstein SE, a company incorporated in Germany, as a 100% shareholder. The Wittenstein family are the majority shareholders in the ultimate parent undertaking, Wittenstein SE.