Company registration number 00759870 (England and Wales)
TAPROGGE U.K. LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TAPROGGE U.K. LIMITED
COMPANY INFORMATION
Directors
Mr D Taprogge
Dr O Frohling
Secretary
Mr B Tenbrock
Company number
00759870
Registered office
Unit 27
Blick Road
Heathcote Industrial Estate
Warwick
Warwickshire
United Kingdom
CV34 6TA
Auditor
Ellacotts Audit Services Limited
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
TAPROGGE U.K. LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
TAPROGGE U.K. LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
74,529
43,550
Current assets
Stocks
5
14,884
22,400
Debtors
6
64,602
97,089
Cash at bank and in hand
780,990
1,117,973
860,476
1,237,462
Creditors: amounts falling due within one year
7
(33,653)
(64,028)
Net current assets
826,823
1,173,434
Total assets less current liabilities
901,352
1,216,984
Provisions for liabilities
-
0
(10,888)
Net assets
901,352
1,206,096
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss reserves
896,352
1,201,096
Total equity
901,352
1,206,096

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime of the Companies Act 2006.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 May 2025 and are signed on its behalf by:
Dr O Frohling
Director
Company registration number 00759870 (England and Wales)
TAPROGGE U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Taprogge U.K. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 27, Blick Road, Heathcote Industrial Estate, Warwick, Warwickshire, United Kingdom, CV34 6TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property
Over lease term
Plant and machinery
15% reducing balance
Office and computer equipment
33.3% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs and an appropriate allocation of production overheads, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

 

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

TAPROGGE U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception:

 

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

 

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account in the year they are payable.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
TAPROGGE U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
-
0
4,246
Deferred tax
Origination and reversal of timing differences
(10,888)
4,858
Total tax (credit)/charge
(10,888)
9,104

The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
(Loss)/profit before taxation
(65,633)
35,524
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.50%)
(16,408)
8,348
Tax effect of expenses that are not deductible in determining taxable profit
33
33
Unutilised tax losses carried forward
24,120
-
0
Permanent capital allowances in excess of depreciation
(7,745)
-
0
Tax at marginal rate
-
0
723
Deferred Tax
(10,888)
-
0
Taxation (credit)/charge for the year
(10,888)
9,104
TAPROGGE U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Tangible fixed assets
Leasehold property
Plant and machinery
Office and computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
67,027
4,262
11,675
136,268
219,232
Additions
-
0
-
0
-
0
51,342
51,342
Disposals
-
0
-
0
-
0
(64,285)
(64,285)
At 31 December 2024
67,027
4,262
11,675
123,325
206,289
Depreciation and impairment
At 1 January 2024
67,027
3,407
6,324
98,924
175,682
Depreciation charged in the year
-
0
128
3,147
17,088
20,363
Eliminated in respect of disposals
-
0
-
0
-
0
(64,285)
(64,285)
At 31 December 2024
67,027
3,535
9,471
51,727
131,760
Carrying amount
At 31 December 2024
-
0
727
2,204
71,598
74,529
At 31 December 2023
-
0
855
5,351
37,344
43,550
5
Stocks
2024
2023
£
£
Stocks
14,884
22,400

Stocks at the year end consists of finished goods and work in progress.

6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
37,935
74,123
Prepayments and accrued income
26,667
22,966
64,602
97,089
TAPROGGE U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,291
3,878
Amounts owed to group undertakings
1,490
12,683
Corporation tax
-
0
4,246
Other taxation and social security
13,186
30,101
Other creditors
926
1,660
Accruals and deferred income
10,760
11,460
33,653
64,028
8
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
-
10,888
2024
Movements in the year:
£
Liability at 1 January 2024
10,888
Credit to profit or loss
(10,888)
Liability at 31 December 2024
-

The deferred tax asset set out above relates to accelerated capital allowances.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report in respect of these accounts was unqualified with no emphasis of matter. The Senior Statutory Auditor was Leigh Dudley of Ellacotts Audit Services Limited.

Opinion

In our opinion the financial statements:

TAPROGGE U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
9
Audit report information
(Continued)
- 7 -
Senior Statutory Auditor:
Leigh Dudley FCCA
Statutory Auditor:
Ellacotts Audit Services Limited
Date of audit report:
4 June 2025
10
Financial commitments, guarantees and contingent liabilities

At 31 December 2024 the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £2,667 (2023: £18,667).

11
Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.

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