Company registration number 10614229 (England and Wales)
HÜBNER UK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HÜBNER UK LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 8
HÜBNER UK LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company is the manufacture of folding bellows and flexible gangway systems supplied to the service sector of the transportation industry.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J Blackham
C Schäfer
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

On behalf of the board
J Blackham
Director
27 March 2025
HÜBNER UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
178,237
65,115
Current assets
Stocks
530,929
790,198
Debtors
4
967,042
963,836
Cash at bank and in hand
1,495,404
882,587
2,993,375
2,636,621
Creditors: amounts falling due within one year
5
(718,472)
(1,401,093)
Net current assets
2,274,903
1,235,528
Total assets less current liabilities
2,453,140
1,300,643
Provisions for liabilities
(41,097)
(7,043)
Net assets
2,412,043
1,293,600
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
2,411,943
1,293,500
Total equity
2,412,043
1,293,600

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

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 27 March 2025 and are signed on its behalf by:
J Blackham
Director
Company registration number 10614229 (England and Wales)
HÜBNER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Hübner UK Limited is a private company limited by shares incorporated in England and Wales. The principal activity of the company is given in the Directors' report. The registered office is Unit 2 Parker Centre, Derby, Derbyshire, DE21 4SZ. The company's registration number is 10614229.

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
Going concern

In the absence of other funding, the company is in the short term dependent upon the continued support of

the parent company. The parent company have agreed to support the company for a period of at least one

year from the date of approval of these financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sales of goods

Turnover from the sale of foldable bellows and flexible gangway systems is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

1.4
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 improvements
10% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33.3% straight line
Motor vehicles
20% 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.

HÜBNER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

 

Work in progress is valued at the lower of cost and net realisable value. Work in progress and related profit is calculated based on the proportion of the work carried out at the year end as a percentage of the final contract value.

1.6
Cash and cash equivalents

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

1.7
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
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 liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HÜBNER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.11
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 8 (2023:4).

HÜBNER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
24,272
122,242
31,170
25,166
39,829
242,679
Additions
10,104
1,166
49,818
34,499
55,030
150,617
Disposals
-
0
-
0
-
0
-
0
(39,829)
(39,829)
At 31 December 2024
34,376
123,408
80,988
59,665
55,030
353,467
Depreciation and impairment
At 1 January 2024
13,895
85,007
23,554
15,279
39,829
177,564
Depreciation charged in the year
3,120
9,403
4,515
9,451
11,006
37,495
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(39,829)
(39,829)
At 31 December 2024
17,015
94,410
28,069
24,730
11,006
175,230
Carrying amount
At 31 December 2024
17,361
28,998
52,919
34,935
44,024
178,237
At 31 December 2023
10,377
37,235
7,616
9,887
-
0
65,115
HÜBNER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
927,990
928,968
Other debtors
39,052
34,868
967,042
963,836
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
133,229
24,858
Amounts owed to group undertakings
247,286
941,118
Corporation tax
144,758
251,012
Other taxation and social security
140,000
165,591
Other creditors
53,199
18,514
718,472
1,401,093
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
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 auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

 

The audit report was signed on          by Julie Stringer (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.

8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Not later than 1 year
26,500
26,500
HÜBNER UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
9
Pension commitments

The company operates a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £19,005 (2023 - £11,228). Contributions totalling £3,198 (2023 - £2,384) were payable to the fund at the balance sheet date and are included in other creditors.

 

10
Capital commitments

Amounts contracted for but not provided in the financial statements:

2024
2023
£
£
Acquisition of tangible fixed assets
51,590
-
11
Related party disclosure

The company has taken advantage of the exemption under FRS 102 Section 33.1A Related Party Disclosures from disclosing transactions with other members of the group.

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