Diehl Metering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02402340 (England and Wales)

Audited Financial Statements

For The Year Ended 31 December 2018

for

Diehl Metering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Hausermann

Mr M Fuchs

SECRETARY:

Mr J Hausermann

REGISTERED OFFICE:

D131 Dean Clough

HALIFAX

West Yorkshire

HX3 5AX

REGISTERED NUMBER:

02402340 (England and Wales)

AUDITORS:

Nicholsons

Statutory Auditors

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

BNP Paribas

10 Harewood Avenue

LONDON

NW1 6AA

FIXED ASSETS

Tangible assets

4

5,976

5,623

CURRENT ASSETS

Debtors

5

125,453

128,302

Cash at bank and in hand

44,829

24,922

170,282

153,224

CREDITORS

Amounts falling due within one year

6

62,645

65,232

NET CURRENT ASSETS

107,637

87,992

TOTAL ASSETS LESS CURRENT LIABILITIES

113,613

93,615

PROVISIONS FOR LIABILITIES

1,135

1,068

NET ASSETS

112,478

92,547

CAPITAL AND RESERVES

Called up share capital

7

30,000

30,000

Retained earnings

82,478

62,547

SHAREHOLDERS' FUNDS

112,478

92,547

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 16 April 2019 and were signed on its behalf by:

Mr M Fuchs - Director

1.	STATUTORY INFORMATION

Diehl Metering 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 sale of goods and services, 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.

Office equipment

-

15% on reducing balance

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial

liabilities are recognised in the accounts only when the entity becomes party to the contractual

provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt

instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments

and are measured at amortised cost. Where a financial liability constitutes a financing transaction

it is initially and subsequently measured at the present value of future payments, discounted at a

market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken

place and there is an obligation to deliver services rather than cash or another financial

instrument.

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.

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 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2018

8,002

Additions

1,409

At 31 December 2018

9,411

DEPRECIATION

At 1 January 2018

2,379

Charge for year

1,056

At 31 December 2018

3,435

NET BOOK VALUE

At 31 December 2018

5,976

At 31 December 2017

5,623

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

83,101

82,273

Other debtors

3,300

-

VAT

5,337

7,029

Accrued income

12,986

14,531

Prepayments

20,729

24,469

125,453

128,302

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,180

13,573

Tax

5,521

5,962

Social security and other taxes

21,699

19,709

Other creditors

2,150

2,203

Accrued expenses

27,095

23,785

62,645

65,232

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

30,000

Ordinary

£1

30,000

30,000

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

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)

for and on behalf of Nicholsons

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

11.	IMMEDIATE AND ULTIMATE PARENT COMPANY

The immediate parent company is Diehl Metering GmbH.

The directors regard Diehl Verwaltungs - Stiftung, a company incorporated in Germany, as the

ultimate parent company. Consolidated accounts can be obtained from the address below.

Diehl Verwaltungs -Stiftung

D-90478

Nurnberg,

Germany