REGISTERED NUMBER: 00630797 (England and Wales)

WITTMANN BATTENFELD UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

3,806

3,827

CURRENT ASSETS

Stocks

189,126

486,393

Debtors

5

569,368

742,828

Cash at bank

600,907

658,477

1,359,401

1,887,698

CREDITORS

Amounts falling due within one year

6

1,063,893

1,558,369

NET CURRENT ASSETS

295,508

329,329

TOTAL ASSETS LESS CURRENT LIABILITIES

299,314

333,156

PROVISIONS FOR LIABILITIES

7

30,351

30,649

NET ASSETS

268,963

302,507

CAPITAL AND RESERVES

Called up share capital

8

800,000

800,000

Retained earnings

(531,037

)

(497,493

)

SHAREHOLDERS' FUNDS

268,963

302,507

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:

Mrs T F Cadman - Director

1.	STATUTORY INFORMATION

Wittmann Battenfeld UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00630797

Registered office:

Sanders Road

Finedon Road Industrial Estate

Wellingborough

Northamptonshire

NN8 4NL

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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership not effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction: and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets

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

Long leasehold

-

over the period of the lease

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Going concern

The financial statements have been prepared on a going concern basis.

The appropriateness of the going concern basis is dependant upon continued support from Wittmann Technology GmbH which has confirmed it will maintain financial support for a period of at least twelve months from the date of these financial statements. The directors have made their own enquiries of the going concern status of the parent company and are satisfied that it is able to maintain financial support for the relevant period.

Provisions for liabilities

Provisions are made when an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account the relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Long

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1 January 2024

37,715

12,986

50,701

Additions

-

3,414

3,414

At 31 December 2024

37,715

16,400

54,115

DEPRECIATION

At 1 January 2024

37,715

9,159

46,874

Charge for year

-

3,435

3,435

At 31 December 2024

37,715

12,594

50,309

NET BOOK VALUE

At 31 December 2024

-

3,806

3,806

At 31 December 2023

-

3,827

3,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

541,877

728,305

Prepayments and accrued income

27,491

14,523

569,368

742,828

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

47,881

52,526

Amounts owed to group undertakings

741,971

957,611

Social security and other taxes

28,463

30,772

VAT

131,854

200,716

Accruals and deferred income

113,724

316,744

1,063,893

1,558,369

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Other provisions

Warranty provision

30,351

30,649

Warranty

Provision

£

Balance at 1 January 2024

30,649

Charge to Income Statement during year

31,887

Utilised during year

(32,185

)

Balance at 31 December 2024

30,351

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

800,000

Ordinary

1

800,000

800,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Ian Baker FCCA (Senior Statutory Auditor)

for and on behalf of CFW Accountants LLP

10.	OTHER FINANCIAL COMMITMENTS

The company had other financial commitments, in the form of operating leases, amounting to £284,412 (2023 - £459,635 ) at the balance sheet date.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wittmann Technology GmbH, a company incorporated in Austria.

The ultimate parent is Wittmann Tec Group GmbH, for which group financial statements are drawn up. Copies of these group financial statements are available from Wittmann Kunststoffgerate GmbH, Lichtblaustrasse 10, A-1220 Vienna, Austria.

The ultimate controlling party is P M Wittmann.