Magura Bosch Parts & Services UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04413296 (England)

Magura Bosch Parts & Services UK Ltd

Audited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J H Hoppe

REGISTERED OFFICE:

Bridge House

Old Grantham Road

Whatton

Nottinghamshire

NG13 9FG

REGISTERED NUMBER:

04413296 (England)

SENIOR STATUTORY AUDITOR:

Caroline Peverett BA FCA

AUDITORS:

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

FIXED ASSETS

Tangible assets

5

38,939

43,325

CURRENT ASSETS

Debtors

6

121,672

142,891

Cash at bank

5,045

22,037

126,717

164,928

CREDITORS

Amounts falling due within one year

7

28,237

87,699

NET CURRENT ASSETS

98,480

77,229

TOTAL ASSETS LESS CURRENT
LIABILITIES

137,419

120,554

CAPITAL AND RESERVES

Called up share capital

9

220,000

Retained earnings

(82,581

)

(99,446

)

SHAREHOLDERS' FUNDS

137,419

120,554

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 director and authorised for issue on 16 September 2025 and were signed by:

Mr J H Hoppe - Director

1.	STATUTORY INFORMATION

Magura Bosch Parts & Services UK Ltd is a private company, limited by shares , registered in England. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurance that this support will continue for the foreseeable future.

Related party exemption

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, which is net of value added tax, represents the reimbursement of costs plus a 5% margin for services provided.

Tangible fixed assets

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

Improvements to property

-

Term of lease

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

54,838

Additions

5,235

At 31 December 2024

60,073

DEPRECIATION

At 1 January 2024

11,513

Charge for year

9,621

At 31 December 2024

21,134

NET BOOK VALUE

At 31 December 2024

38,939

At 31 December 2023

43,325

6.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

4,326

5,163

Amounts owed by group undertakings

75,318

115,269

Other debtors

37,028

17,459

116,672

137,891

Amounts falling due after more than one year:

Other debtors

5,000

Aggregate amounts

121,672

142,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

5,947

1,713

Amounts owed to group undertakings

-

49,412

Taxation and social security

4,165

13,527

Other creditors

18,125

23,047

28,237

87,699

8.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

Within one year

39,860

41,506

Between one and five years

42,500

82,360

123,866

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

220,000

Ordinary

£1

220,000

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)

for and on behalf of Tuerner Audit Limited