DESTACO UK LIMITED

Company Registration Number:
08488872 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 January 2024

End date: 30 September 2024

DESTACO UK LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DESTACO UK LIMITED

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Design and manufacture of tooling for automotive press shops and distribution of clamps.

Political and charitable donations

The company did not make any charitable and political donations during the year.

Additional information

Results and dividends Financial risk management Going concern Directors confirmation Independent auditors



Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 30 September 2024

Stefan Eggers


Secretary Wolfgang Finkel

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 April 2025

And signed on behalf of the board by:
Name: Stefan Eggers
Status: Director

DESTACO UK LIMITED

Profit And Loss Account

for the Period Ended 30 September 2024

9 months to 30 September 2024 2023


£

£
Turnover: 2,577 2,646
Cost of sales: ( 1,452 ) ( 1,540 )
Gross profit(or loss): 1,125 1,106
Distribution costs: ( 68 ) ( 79 )
Administrative expenses: ( 680 ) ( 880 )
Operating profit(or loss): 377 147
Interest receivable and similar income: 112 1,609
Interest payable and similar charges: ( 302 )
Profit(or loss) before tax: 489 1,454
Tax: ( 120 ) ( 211 )
Profit(or loss) for the financial year: 369 1,243

DESTACO UK LIMITED

Balance sheet

As at 30 September 2024

Notes 9 months to 30 September 2024 2023


£

£
Fixed assets
Tangible assets: 3 89 32
Total fixed assets: 89 32
Current assets
Stocks: 4 444 385
Debtors: 5 758 17,528
Cash at bank and in hand: 328 0
Total current assets: 1,530 17,913
Creditors: amounts falling due within one year: 6 ( 869 ) ( 743 )
Net current assets (liabilities): 661 17,170
Total assets less current liabilities: 750 17,202
Accruals and deferred income: ( 2 )
Total net assets (liabilities): 748 17,202
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 747 17,201
Total Shareholders' funds: 748 17,202

The notes form part of these financial statements

DESTACO UK LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 3 April 2025
and signed on behalf of the board by:

Name: Stefan Eggers
Status: Director

The notes form part of these financial statements

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover and profit before taxation are derived entirely from the company's principle activity undertaken in the United Kingdom

    Tangible fixed assets depreciation policy

    Tangible assets are stated at historic purchase cost less accumulated depreciation and any impairments. Properties under construction are no depreciated.

    Intangible fixed assets amortisation policy

    Purchased goodwill arising on business acquisitions is included in the Balance Sheet and amortised over its expected useful life which is estimated to be 10 years. Goodwill is assessed for impairment when there are indicators of impairment, and any impairment is charged to the Profit and loss account.

    Valuation information and policy

    Investments in subsidiary undertakings and associates are accounted for at cost less any provision for impairment. The value of investments is reviewed annually by the director or more frequently if there is a triggering event and provision made where the investment's carrying amount exceeds its recoverable amount. Impairment losses are recognized in the Profit and loss account. Where an impairment loss subsequently reverses, the carrying amount of the investment is increased to the revised estimate of its recoverable amount, not to exceed the carrying amount that would have been determined had no impairment losses been recognized for the investment in prior years. A reversal of impairment loss is recognized immediately in the Profit and loss account.

    Other accounting policies

    Going Concern Stocks Financial Instruments Interest bearing loans and borrowings Foreign currencies Interest income Interest expense Taxation Pension costs Operating leases Revenue recognition Equity instruments

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    9 months to 30 September 2024 2023
    Average number of employees during the period 10 10

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 36 152 7 89 14 298
Additions 71 71
Disposals ( 7 ) ( 7 )
Revaluations
Transfers
At 30 September 2024 36 152 0 160 14 362
Depreciation
At 1 January 2024 36 139 82 9 266
Charge for year 7 1 2 10
On disposals
Other adjustments 3 3
At 30 September 2024 36 146 80 11 273
Net book value
At 30 September 2024 0 6 0 80 3 89
At 31 December 2023 0 13 7 7 5 32

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

9 months to 30 September 2024 2023
£ £
Stocks 444 385
Total 444 385

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

9 months to 30 September 2024 2023
£ £
Trade debtors 721 503
Prepayments and accrued income 33 17
Other debtors 4 17,008
Total 758 17,528

Trade debtors are stated after provisions for impairment of £42,000 (2023: £52,000). All assets are carried at amortized cost using the effective interest method.

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

9 months to 30 September 2024 2023
£ £
Trade creditors 98 92
Taxation and social security 173 391
Accruals and deferred income 113 84
Other creditors 485 176
Total 869 743

Amounts owed to group undertakings are unsecured, have no fixed date of repayment, are repayable on demand and bear no interest.

DESTACO UK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Financial Commitments

At 30 September 2024, the Company had future minimum rental payments due under non-cancellable operating leases expiring as follows: Not later than 1 year 56k 2024 56K 2023 Later than 1 year and not later than 5 years 78K 2024 151k 2023 The amount of non-cancellable operating lease payments recognized as an expense during the year was £47,000 (2023: £33,000).