SKF Motion Technologies UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11168300 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

24 JANUARY 2018 TO 31 DECEMBER 2018

FOR

SKF MOTION TECHNOLOGIES UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O De Bakker

J Poloni

REGISTERED OFFICE:

Unit 3.1 Caldecotte Lake Drive

Caldecotte Lake Business Park

Milton Keynes

Buckinghamshire

MK7 8LF

REGISTERED NUMBER:

11168300 (England and Wales)

AUDITORS:

Dafferns LLP

Chartered Accountants

Statutory Auditor

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

CURRENT ASSETS

Stocks

10,381

Debtors

4

1,392,330

Cash at bank

818,865

2,221,576

CREDITORS

Amounts falling due within one year

5

2,541,240

NET CURRENT LIABILITIES

(319,664

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(319,664

)

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

(319,665

)

SHAREHOLDERS' FUNDS

(319,664

)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 21 November 2019 and were signed on its behalf by:

O De Bakker - Director

1.	STATUTORY INFORMATION

SKF Motion Technologies 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.

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 period 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 period 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.

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 period was 6 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,392,321

Other debtors

9

1,392,330

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

194,421

Amounts owed to group undertakings

1,884,057

VAT

241,280

Other creditors

18,315

Accruals and deferred income

203,167

2,541,240

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

1

Share capital 1

1

1

1 Ordinary share of 1 was allotted at par during the period.

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

The Report of the Auditors was unqualified.

Andy Bewick FCCA (Senior Statutory Auditor)

for and on behalf of Dafferns LLP

8.	OTHER FINANCIAL COMMITMENTS

Total financial commitments and guarantees which are not included in the balance sheet amount to

£291,312.

9.	ULTIMATE CONTROLLING PARTY

At 31 December 2018 the immediate parent company was SKF Motion Technologies AB, a company

registered in Sweden, which owns 100% of the issued share capital. SKF Motion Technologies AB is

the smallest group in which the results of the company are consolidated.

Triatic BidCo AB are the largest group in which the results of the company are consolidated and Triatic

BidCo AB is owned by Triton Fund V L.P.

In the opinion of the directors there is no ultimate controlling party on the basis that no one investor

holds 10% or more (directly or indirectly) of the limited partnerships interest in the fund.