Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-212025-05-21Manufacture of power supply cords and cord sets442024-01-01false46falsetruefalse 01897323 2024-01-01 2024-12-31 01897323 2023-01-01 2023-12-31 01897323 2024-12-31 01897323 2023-12-31 01897323 c:Director1 2024-01-01 2024-12-31 01897323 d:Buildings 2024-01-01 2024-12-31 01897323 d:Buildings 2024-12-31 01897323 d:Buildings 2023-12-31 01897323 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01897323 d:LandBuildings 2024-12-31 01897323 d:LandBuildings 2023-12-31 01897323 d:PlantMachinery 2024-01-01 2024-12-31 01897323 d:MotorVehicles 2024-01-01 2024-12-31 01897323 d:OfficeEquipment 2024-01-01 2024-12-31 01897323 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01897323 d:OtherPropertyPlantEquipment 2024-12-31 01897323 d:OtherPropertyPlantEquipment 2023-12-31 01897323 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01897323 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01897323 d:CurrentFinancialInstruments 2024-12-31 01897323 d:CurrentFinancialInstruments 2023-12-31 01897323 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01897323 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01897323 d:ShareCapital 2024-12-31 01897323 d:ShareCapital 2023-12-31 01897323 d:RetainedEarningsAccumulatedLosses 2024-12-31 01897323 d:RetainedEarningsAccumulatedLosses 2023-12-31 01897323 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01897323 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01897323 d:OtherDeferredTax 2024-12-31 01897323 d:OtherDeferredTax 2023-12-31 01897323 c:OrdinaryShareClass1 2024-01-01 2024-12-31 01897323 c:OrdinaryShareClass1 2024-12-31 01897323 c:FRS102 2024-01-01 2024-12-31 01897323 c:Audited 2024-01-01 2024-12-31 01897323 c:FullAccounts 2024-01-01 2024-12-31 01897323 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01897323 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01897323 2 2024-01-01 2024-12-31 01897323 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01897323










FELLER (UK) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FELLER (UK) LIMITED
REGISTERED NUMBER: 01897323

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
721,648
933,059

  
721,648
933,059

Current assets
  

Stocks
 5 
2,471,319
3,582,175

Debtors: amounts falling due within one year
 6 
2,215,082
1,363,428

Cash at bank and in hand
 7 
1,458,097
483,896

  
6,144,498
5,429,499

Creditors: amounts falling due within one year
 8 
(722,343)
(680,554)

Net current assets
  
 
 
5,422,155
 
 
4,748,945

Total assets less current liabilities
  
6,143,803
5,682,004

Provisions for liabilities
  

Deferred tax
 9 
(75,830)
(106,191)

  
 
 
(75,830)
 
 
(106,191)

Net assets
  
6,067,973
5,575,813


Capital and reserves
  

Called up share capital 
 10 
240,000
240,000

Profit and loss account
  
5,827,973
5,335,813

  
6,067,973
5,575,813


Page 1

 
FELLER (UK) LIMITED
REGISTERED NUMBER: 01897323
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 on 21 May 2025.




................................................
Dr B Ascher
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Feller (UK) Limited is a private Company limited by shares, incorporated in England and Wales, registration number 01897323. The address of its registered office and principal place of business are disclosed in the Company Information section of these financial statements. The principal activity of the Company is the manufacture of power supply cords and cord sets. 

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 Company meets its working capital requirements through its own cash resources and banking facilities as well as continuing to generate cash from its trading activities as seen from the cash flow statement. It also has access to support, if required, from the wider group.
Based on the results for the year and future budgets, the Director considers that the Company will continue in operational existence for the foreseeable future.

 
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.

Page 3

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

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:

Freehold property
-
2% - 3.33% per annum straight line
Plant and machinery
-
15% per annum straight line
Motor vehicles
-
25% per annum straight line
Office equipment
-
20% per annum 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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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 and loans receivable on demand are measured at transaction price, 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 4

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

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.

 
2.12

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.

Page 5

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 7

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2023 - 46).


4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2024
705,640
4,076,605
4,782,245


Additions
-
48,203
48,203


Disposals
(47,250)
-
(47,250)



At 31 December 2024

658,390
4,124,808
4,783,198



Depreciation


At 1 January 2024
317,096
3,532,090
3,849,186


Charge for the year on owned assets
7,550
204,814
212,364



At 31 December 2024

324,646
3,736,904
4,061,550



Net book value



At 31 December 2024
333,744
387,904
721,648



At 31 December 2023
388,544
544,515
933,059




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
333,744
388,544

333,744
388,544


Included in land and buildings is freehold land at cost of £50,000 (2023 - £97,250) which is not depreciated.

Page 8

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
1,548,940
1,881,528

Work in progress
11,246
17,929

Finished goods and goods for resale
911,133
1,682,718

2,471,319
3,582,175



6.


Debtors

2024
2023
£
£


Trade debtors
2,075,536
1,169,861

Amounts owed by group undertakings
86,373
49,460

Other debtors
10,882
103,185

Prepayments and accrued income
42,291
40,922

2,215,082
1,363,428



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,458,097
483,896

1,458,097
483,896


Page 9

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
136,460

Trade creditors
89,453
268,657

Amounts owed to group undertakings
416,497
90,859

Corporation tax
79,571
-

Other taxation and social security
58,240
112,750

Accruals and deferred income
78,582
71,828

722,343
680,554



9.


Deferred taxation




2024


£






At beginning of year
(106,191)


Charged to profit or loss
30,361



At end of year
(75,830)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(79,761)
(112,709)

Short term timing differences
3,931
6,518

(75,830)
(106,191)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



240,000 Ordinary shares of £1 each
240,000
240,000


Page 10

 
FELLER (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Capital commitments


At 31 December 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
-
11,500

-
11,500


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £125,262 (2023: £112,761). Included within Other Taxation and Social Security, there is £Nil (2023: £13,311) due in respect of pension contributions at the year end.


13.


Related party transactions

Transactions undertaken with other wholly owned subsidiaries of Feller Beteiligungs GmbH are exempt from disclosure under FRS102, section 33.1A.


14.


Controlling party

The ultimate controlling party is Feller Beteiligungs GmbH, a company incorporated in Austria. Feller Beteiligungs GmbH is controlled by Hochland Privatstiftung, a Private Foundation which is controlled by its Trustees, acting in concert. 
The smallest group for which consolidated financial statements are drawn up is that headed by Josef Feller und Karl Neumayer GmbH, registered at Warndorfer Str. 3, 2525 Gunselsdorf, Austria.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 21 May 2025 by Jon Routledge (Senior Statutory Auditor) on behalf of Ryecroft Glenton.

 
Page 11