C. Gerhardt UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02144566 (England and Wales)

Financial Statements for the Year Ended 31 December 2018

for

C. GERHARDT UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Macke

SECRETARY:

Mrs S M Wright

REGISTERED OFFICE:

Unit 5, Avonbury Court

County Road

Brackley

Northamptonshire

NN13 7AX

REGISTERED NUMBER:

02144566 (England and Wales)

AUDITORS:

Neuhoff & Co

Chartered Accountants

Statutory Auditor

Claydons Barns

11 Towcester Road

Whittlebury

Northamptonshire

NN12 8XU

BANKERS:

National Westminster Bank Plc

1 Town Hall Buildings

Bridge Street

Banbury

Oxfordshire

0X16 5JS

SOLICITORS:

Knights plc

Midland House

West Way

Botley

Oxford

OX2 0PH

FIXED ASSETS

Tangible assets

4

114,410

120,212

CURRENT ASSETS

Stocks

156,588

160,122

Debtors

5

272,084

315,187

Cash at bank

455,397

240,877

884,069

716,186

CREDITORS

Amounts falling due within one year

6

317,287

228,331

NET CURRENT ASSETS

566,782

487,855

TOTAL ASSETS LESS CURRENT LIABILITIES

681,192

608,067

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

679,192

606,067

SHAREHOLDERS' FUNDS

681,192

608,067

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 and authorised for issue by the director on 5 September 2019 and were signed by:

J Macke - Director

1.	STATUTORY INFORMATION

C. Gerhardt 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.

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

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.

Land and buildings

-

2% on cost and not provided

Plant and machinery etc

-

33% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans

to related third parties and investments in non-puttable ordinary shares.

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 taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

212,582

27,032

239,614

DEPRECIATION

At 1 January 2018

95,752

23,650

119,402

Charge for year

4,899

903

5,802

At 31 December 2018

100,651

24,553

125,204

NET BOOK VALUE

At 31 December 2018

111,931

2,479

114,410

At 31 December 2017

116,830

3,382

120,212

Included in cost of land and buildings is freehold land of £ 18,500 (2017 - £ 18,500 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

266,129

304,195

Other debtors

5,955

10,992

272,084

315,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

172,918

134,093

Taxation and social security

119,507

82,921

Other creditors

24,862

11,317

317,287

228,331

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

The Report of the Auditors was unqualified.

Marianne Neuhoff FCA (Senior Statutory Auditor)

for and on behalf of Neuhoff & Co

8.	OTHER FINANCIAL COMMITMENTS

At 31 December 2018 the company had total commitments under non-cancellable operating leases over the

remaining life of those leases of £30,629 (2017 - £37,033).

9.	RELATED PARTY DISCLOSURES

10.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.