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REGISTERED NUMBER: 10698160 (England and Wales)















HUMBEL GEARTEC (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






HUMBEL GEARTEC (UK) LIMITED (REGISTERED NUMBER: 10698160)

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


HUMBEL GEARTEC (UK) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: H Badertscher
U Humbel





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 10698160 (England and Wales)





AUDITORS: SMH Sheards Audit Limited
Statutory Auditors
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

HUMBEL GEARTEC (UK) LIMITED (REGISTERED NUMBER: 10698160)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 102 127

CURRENT ASSETS
Debtors 5 74,032 91,881
Cash at bank 4,104 3,646
78,136 95,527
CREDITORS
Amounts falling due within one year 6 (17,213 ) (40,022 )
NET CURRENT ASSETS 60,923 55,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,025

55,632

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 41,025 35,632
SHAREHOLDERS' FUNDS 61,025 55,632

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 2 June 2025 and were signed on its behalf by:




H Badertscher - Director



U Humbel - Director


HUMBEL GEARTEC (UK) LIMITED (REGISTERED NUMBER: 10698160)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Humbel Geartec (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.

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.

Turnover is recognised on commissions due, included in the financial statements on an accrual basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes a party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debors, amounts owed by group undetakings and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


HUMBEL GEARTEC (UK) LIMITED (REGISTERED NUMBER: 10698160)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 854
DEPRECIATION
At 1 January 2024 727
Charge for year 25
At 31 December 2024 752
NET BOOK VALUE
At 31 December 2024 102
At 31 December 2023 127

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 67,677 85,677
Other debtors 6,355 6,204
74,032 91,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,212 195
Other creditors 16,001 39,827
17,213 40,022

HUMBEL GEARTEC (UK) LIMITED (REGISTERED NUMBER: 10698160)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


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

The Report of the Auditors was unqualified.

Kevin Winterburn FCA (Senior Statutory Auditor)
for and on behalf of SMH Sheards Audit Limited

8. ULTIMATE CONTROLLING PARTY

The controlling party is Humbel Zahnräder AG.

The ultimate controlling party is U Humbel.

Humbel Zahnräder AG is the ultimate parent company, and this company prepares the consolidated financial statements for the group of companies including Humbel Geartec (UK) Ltd.

The parent company address is:
Oberfeldstrasse 9
CH-9214 Kradolf
Switzerland

Urs Humbel is the ultimate controlling party by virtue of his controlling interest in the share capital of the parent company.