REGISTERED NUMBER: 12202834 (England and Wales)

Financial Statements

for the year ended

31 December 2024

for

BG-Graspointner UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F R Lezza

K R Wiese

REGISTERED OFFICE:

Magenta Building

2 Brookhill Way

Banbury

Oxfordshire

OX16 3ED

REGISTERED NUMBER:

12202834 (England and Wales)

AUDITORS:

Just Audit Limited

Chartered Accountants and Statutory Auditors

Strelley Hall

Main Street

Strelley

Nottingham

NG8 6PE

FIXED ASSETS

Tangible assets

4

7,851

8,452

CURRENT ASSETS

Stocks

209,611

229,176

Debtors

5

144,752

154,451

Cash in hand

90,830

61,074

445,193

444,701

CREDITORS

Amounts falling due within one year

6

973,085

454,676

NET CURRENT LIABILITIES

(527,892

)

(9,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(520,041

)

(1,523

)

CREDITORS

Amounts falling due after more than one year

7

-

433,493

NET LIABILITIES

(520,041

)

(435,016

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(520,141

)

(435,116

)

(520,041

)

(435,016

)

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 by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

F R Lezza - Director

1.	STATUTORY INFORMATION

BG-Graspointner UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Magenta Building, 2 Brookhill Way, Banbury, Oxon, OX16 3ED. The registered number is 12202834.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going Concern

At the time of approving the financial statements, although the Company has net liabilities, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group, which the directors have been given assurance will continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction 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.

Plant and machinery etc

-

33% on cost

Tangible fixed assets are initially recognised at cost.

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Stocks

Stocks are stated 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 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 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 7 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

13,390

Additions

4,081

At 31 December 2024

17,471

DEPRECIATION

At 1 January 2024

4,938

Charge for year

4,682

At 31 December 2024

9,620

NET BOOK VALUE

At 31 December 2024

7,851

At 31 December 2023

8,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

133,770

143,019

Other debtors

10,982

11,432

144,752

154,451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

31,629

35,085

Amounts owed to group undertakings

879,798

356,650

Taxation and social security

43,388

43,192

Other creditors

18,270

19,749

973,085

454,676

Included within Amounts owed to group undertakings as at 31 December 2024 was £467,777 due under a loan agreement due to expire on 16 March 2025. On 16 March 2025, a new loan agreement was signed, extending the term of the loan to 31 December 2029.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

433,493

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

3,471

3,173

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

The Report of the Auditors was unqualified.

David Fletcher BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Just Audit Limited

10.	PARENT COMPANY

The parent company of the smallest group which prepares consolidated financial statements which include the results of BG-Graspointner UK Limited is Graspointner Holding GmbH.

The consolidated financial statements are available to the public and may be obtained from its registered office, which is Gessenschwandt 39, 4882 Oberwang, Austria.