REGISTERED NUMBER: 02904477 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DURR TECHNIK (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M White-Sharman

A Ripsam

SECRETARY:

Miss A Rideout

REGISTERED OFFICE:

Unit 13, The Business Quarter

Bath Business Park

Foxcote Avenue, Peasedown St John

Bath

BA2 8SF

REGISTERED NUMBER:

02904477 (England and Wales)

AUDITORS:

PG Owen Limited

Chartered Accountants and

Statutory Auditors

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

739,737

752,280

Investments

6

646,973

646,973

1,386,710

1,399,253

CURRENT ASSETS

Stocks

989,980

740,545

Debtors

7

200,512

480,787

Cash at bank and in hand

803,299

617,225

1,993,791

1,838,557

CREDITORS

Amounts falling due within one year

8

616,227

557,907

NET CURRENT ASSETS

1,377,564

1,280,650

TOTAL ASSETS LESS CURRENT LIABILITIES

2,764,274

2,679,903

CREDITORS

Amounts falling due after more than one year

9

(127,696

)

(208,552

)

PROVISIONS FOR LIABILITIES

10

(9,106

)

(6,577

)

NET ASSETS

2,627,472

2,464,774

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,627,372

2,464,674

SHAREHOLDERS' FUNDS

2,627,472

2,464,774

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 10 September 2025 and were signed on its behalf by:

M White-Sharman - Director

1.	STATUTORY INFORMATION

Durr Technik (UK) Limited 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.

Turnover

Turnover represents net invoiced sales of compressors, vacuum pumps and related accessories, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures & equipment

-

25% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

25% on cost

Land and Buildings are depreciated at 2% of cost (excluding the land value) .

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development

The research and development costs relate to clearly defined and commercially viable projects and are deferred to future periods, being amortised over two years on a straight line basis.

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.

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 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

and 31 December 2024

124,282

AMORTISATION

At 1 January 2024

and 31 December 2024

124,282

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Land and

Plant and

Fixtures

buildings

machinery

& equipment

£

£

£

COST

At 1 January 2024

767,905

202,464

139,204

Additions

1,832

7,954

1,440

Disposals

-

(122,146

)

-

At 31 December 2024

769,737

88,272

140,644

DEPRECIATION

At 1 January 2024

45,245

182,129

138,884

Charge for year

11,396

6,534

467

Eliminated on disposal

-

(118,824

)

-

At 31 December 2024

56,641

69,839

139,351

NET BOOK VALUE

At 31 December 2024

713,096

18,433

1,293

At 31 December 2023

722,660

20,335

320

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

19,219

153,097

1,281,889

Additions

-

2,203

13,429

Disposals

-

-

(122,146

)

At 31 December 2024

19,219

155,300

1,173,172

DEPRECIATION

At 1 January 2024

19,219

144,132

529,609

Charge for year

-

4,253

22,650

Eliminated on disposal

-

-

(118,824

)

At 31 December 2024

19,219

148,385

433,435

NET BOOK VALUE

At 31 December 2024

-

6,915

739,737

At 31 December 2023

-

8,965

752,280

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

and 31 December 2024

646,973

NET BOOK VALUE

At 31 December 2024

646,973

At 31 December 2023

646,973

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

183,210

427,341

Prepayments and accrued income

17,302

53,446

200,512

480,787

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

80,856

80,856

Trade creditors

30,968

27,662

Amounts owed to group undertakings

272,659

185,795

Tax

36,132

46,711

Social security and other taxes

13,195

12,026

VAT

85,980

97,321

Other creditors

3,767

4,480

Accrued expenses

92,670

103,056

616,227

557,907

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - 2-5 years

127,696

208,552

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

9,106

6,577

Deferred

tax

£

Balance at 1 January 2024

6,577

Charge to Income Statement during year

2,529

Balance at 31 December 2024

9,106

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

The Report of the Auditors was unqualified.

R N Browning BA (Hons) FCCA FCA FAIA BFP (Senior Statutory Auditor)

for and on behalf of PG Owen Limited

12.	RELATED PARTY DISCLOSURES

During the year the company purchased goods to the value of £1,712,166 (2023 - £1,534,610) from its parent company, Durr Technik GmbH & Co KG. The company sold goods to the value of £66,031 to its parent company (2023 - £56,759). At the balance sheet date the company owed its parent company £285,191 (2023 - £189,313) and amounts owed from its parent company £6,760 (2023 - £2,518). All transactions are at arms length.

No dividends have been declared and paid to the holding company during the year.

At the balance sheet date the company has a loan due to its parent company amounting to £208,552 (2023 - £289,408). Interest of £3,070 was paid on the loan during the year (2023 - £4,895). The loan is being repaid at the rate of £6,738 per month.

Chromalytic Limited is a subsidiary of the company. During the year the company purchased and sold goods to Chromalytic Limited to the value of £20,380 (2023 - £16,329) and £44,151 (2023 - £55,452) respectively. At the balance sheet date, the amounts owed to and from Chromalytic Limited amounted to £6,011 (2023 - £222) and £11,783 (2023 - £1,222) respectively. All transactions are at arms length.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling entity is Durr Technik GmbH & Co KG, a company incorporated in Germany.