1.
General Information
Rechner (UK) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04003611
. The registered office is C/O Goringe Accountants Ltd, Waterside, 1650 Arlington Business Park, Reading, Berkshire, RG7 4SA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors believe that the going concern basis is appropriate because the parent company, Rechner Industrie-Elektronik GmbH, has given an undertaking that it will provide full support to the company for a period of at least twelve months from the date of approval of these financial statements.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.5.
Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
Rechner (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at 1 January 2024 |
|
| As at 31 December 2024 |
|
| Depreciation | |
| As at 1 January 2024 |
|
| Provided during the period |
|
| As at 31 December 2024 |
|
| Net Book Value | |
| As at 31 December 2024 |
|
| As at 1 January 2024 |
|
5.
Stocks
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
6.
Debtors
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 15,574 | 12,028 | |
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
( |
( |
|
| Amounts owed to group undertakings |
|
|
|
| Other creditors | 20,875 | 178,544 | |
| Taxation and social security |
|
|
|
|
|
|
||
Rechner (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9.
Related Party Transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties (all amounts inclusive
of VAT):
|
2024
|
2023
|
||
|
£
|
£
|
||
|
Entities with control, joint control or significant influence over the company (Purchases)
|
420,671
|
329,502
|
|
|
Amounts due to related parties
|
|||
|
Entities with control, joint control or significant influence over the company
|
516,022
|
554,540
|
|
|
Key management personnel
|
0
|
0
|
|
|
Other related parties
|
236,747
|
236,747
|
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
10.
Ultimate Parent Undertaking and Controlling Party
Rechner Industrie-Elektronik GmbH owns 51% of the share capital of the company.
The company's immediate parent is Rechner Industrie-Elektronik GmbH, incorporated in Germany.
The most senior parent entity producing publicly available financial statements is Rechner Industrie-Elektronik GmbH. These financial statements are available upon request from Postfach 1730, D-68607 Lampertheim, Germany.