REGISTERED NUMBER: 10985786 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Kern Tunneltechnik Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R W Kern

REGISTERED OFFICE:

5th Floor

10 Brook Street

Mayfair

London

W1S 1BG

REGISTERED NUMBER:

10985786 (England and Wales)

AUDITORS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

15,269

631,279

CURRENT ASSETS

Stocks

1,100,709

489,847

Debtors

5

3,275,641

3,034,311

Cash at bank

11,394

29,106

4,387,744

3,553,264

CREDITORS

Amounts falling due within one year

6

542,707

51,820

NET CURRENT ASSETS

3,845,037

3,501,444

TOTAL ASSETS LESS CURRENT LIABILITIES

3,860,306

4,132,723

CREDITORS

Amounts falling due after more than one year

7

3,856,851

4,037,872

NET ASSETS

3,455

94,851

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(6,545

)

84,851

3,455

94,851

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 director and authorised for issue on 19 September 2025 and were signed by:

R W Kern - Director

1.	STATUTORY INFORMATION

Kern Tunneltechnik 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.

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:

Plant and machinery : 25% Reducing Balance

Office equipment: 35% 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

706,805

Disposals

(670,206

)

At 31 December 2024

36,599

DEPRECIATION

At 1 January 2024

75,526

Charge for year

5,148

Eliminated on disposal

(59,344

)

At 31 December 2024

21,330

NET BOOK VALUE

At 31 December 2024

15,269

At 31 December 2023

631,279

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,227,591

2,962,204

Other debtors

38,099

42,202

VAT

9,951

29,905

3,275,641

3,034,311

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,213

40,003

Other creditors

519,494

11,817

542,707

51,820

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

3,856,851

4,037,872

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

The Report of the Auditors was unqualified.

Paul Matthews (Senior Statutory Auditor)

for and on behalf of Hilden Park Accountants Limited