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REGISTERED NUMBER: 05499409 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Schedl Automotive System Service Ltd

Schedl Automotive System Service Ltd (Registered number: 05499409)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Schedl Automotive System Service Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D R Rowles
Ms C Preymesser





REGISTERED OFFICE: Unit 1-4 Oxonian Park
Langford Locks
Kidlington
Oxfordshire
OX5 1FP





REGISTERED NUMBER: 05499409 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Schedl Automotive System Service Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Schedl Automotive System Service Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Schedl Automotive System Service Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Schedl Automotive System Service Ltd and state those matters that we have agreed to state to the Board of Directors of Schedl Automotive System Service Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Schedl Automotive System Service Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Schedl Automotive System Service Ltd. You consider that Schedl Automotive System Service Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Schedl Automotive System Service Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Schedl Automotive System Service Ltd


Date: .............................................

Schedl Automotive System Service Ltd (Registered number: 05499409)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,486,291 1,761,200

CURRENT ASSETS
Stocks 24,946 64,730
Debtors 5 1,668,759 764,053
Cash at bank and in hand 1,075,927 3,584,898
2,769,632 4,413,681
CREDITORS
Amounts falling due within one year 6 (656,440 ) (1,338,135 )
NET CURRENT ASSETS 2,113,192 3,075,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,599,483

4,836,746

CREDITORS
Amounts falling due after more than
one year

7

(126,891

)

(126,891

)

PROVISIONS FOR LIABILITIES 9 (368,697 ) (376,376 )
NET ASSETS 3,103,895 4,333,479

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 3,093,895 4,323,479
3,103,895 4,333,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Schedl Automotive System Service Ltd (Registered number: 05499409)

Balance Sheet - continued
31 December 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





D R Rowles - Director


Schedl Automotive System Service Ltd (Registered number: 05499409)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Schedl Automotive System Service Ltd 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.

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 is a wholly owned subsidiary of Schedl Automotive System Service Auslandsbeteiligungsgesellschaft MBH, incorporated in Germany.The parent company prepares financial statements which include the results of this company.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold land and buildings over the life of the lease.
Plant and machinery 25% reducing balance.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.


Schedl Automotive System Service Ltd (Registered number: 05499409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 734,845 6,902,063 7,636,908
Additions - 154,450 154,450
Disposals - (22,754 ) (22,754 )
At 31 December 2024 734,845 7,033,759 7,768,604
DEPRECIATION
At 1 January 2024 508,868 5,366,840 5,875,708
Charge for year 28,258 385,617 413,875
Eliminated on disposal - (7,270 ) (7,270 )
At 31 December 2024 537,126 5,745,187 6,282,313
NET BOOK VALUE
At 31 December 2024 197,719 1,288,572 1,486,291
At 31 December 2023 225,977 1,535,223 1,761,200

Schedl Automotive System Service Ltd (Registered number: 05499409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 1,139,912 393,366
Other debtors 528,847 370,687
1,668,759 764,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 79,248 84,945
Amounts owed to group undertakings 32,171 2,966
Taxation and social security 307,862 283,057
Other creditors 237,159 967,167
656,440 1,338,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Other creditors 126,891 126,891

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 316,248 316,248
Between one and five years 1,782,005 1,782,005
In more than five years 948,304 1,264,552
3,046,557 3,362,805

9. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax 182,097 216,176
Other provisions 186,600 160,200
368,697 376,376

Schedl Automotive System Service Ltd (Registered number: 05499409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. PROVISIONS FOR LIABILITIES - continued

Building
reinstatem
Deferred ent
tax costs
£    £   
Balance at 1 January 2024 216,176 160,200
Provided during year - 26,400
Credit to Profit and Loss Account during year (34,079 ) -
Balance at 31 December 2024 182,097 186,600

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M. Preymesser Beteiligungs GmbH, incorporated in the Federal Republic of Germany.