Registered number
01372894
OETIKER UK LIMITED
Filleted Accounts
31 December 2024
OETIKER UK LIMITED
Registered number: 01372894
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 84,256 122,152
Current assets
Debtors 6 156,185 137,762
Cash at bank and in hand 348,343 256,614
504,528 394,376
Creditors: amounts falling due within one year 7 (78,951) (67,252)
Net current assets 425,577 327,124
Total assets less current liabilities 509,833 449,276
Creditors: amounts falling due after more than one year 8 (4,748) (3,006)
Provisions for liabilities 9 (12,500) (11,000)
Net assets 492,585 435,270
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 442,585 385,270
Shareholder's funds 492,585 435,270
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T S Meier-Bickel
Director
Approved by the board on 29 April 2025
OETIKER UK LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% on cost
Computers 20% on cost
Plant and machinery 20% on reducing balance
Fixtures,Equipment and fittings 20% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
1 Accounting policies (Continued)
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Christopher Pexton FCA
Firm: Begbies
Date of audit report: 3 June 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
4 Taxation 2024 2023
£ £
Corporation Tax
Current taxation on profit for the year 18,342 -
Deferred taxation - accelerated capital allowances 1,500 11,000
19,842 11,000
5 Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2024 151,578
At 31 December 2024 151,578
Depreciation
At 1 January 2024 29,426
Charge for the year 37,896
At 31 December 2024 67,322
Net book value
At 31 December 2024 84,256
At 31 December 2023 122,152
6 Debtors 2024 2023
£ £
Amounts owed by group undertakings 153,186 130,918
Prepayments and Other debtors 2,999 6,844
156,185 137,762
7 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 8,342 -
Other taxes and social security costs 17,399 17,151
Accruals 53,210 50,101
78,951 67,252
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 4,748 3,006
9 Provision for liabilities and charges 2024 2023
£ £
Deferred taxation
Balance at 1 January 2024 11,000 -
Accelerated capital allowances 1,500 11,000
Balance at 31 December 2024 12,500 11,000
10 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 433
11 Controlling party
The company is a wholly owned subsidiary undertaking of Hans Oetiker Holding AG, incorporated in Switzerland, which has a registered office at Oberdorfstrasse 21, CH-8810 Horgen.
The directors regard Hans Oetiker Holding AG as the company's ultimate parent company.
12 Other information
OETIKER UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
EC2A 4DJ
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