Ginger Lehmann Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05844012 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Ginger Lehmann Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Maciolek

J Morawietz

REGISTERED OFFICE:

Unit 4 St Mary's Road

Lemington Spa

CV31 1PR

REGISTERED NUMBER:

05844012 (England and Wales)

SENIOR STATUTORY AUDITOR:

Caroline Peverett BA FCA

AUDITORS:

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

113,909

170,913

113,909

170,913

CURRENT ASSETS

Debtors

7

522,894

888,547

Cash at bank and in hand

85,450

142,987

608,344

1,031,534

CREDITORS

Amounts falling due within one year

8

1,890,002

1,686,787

NET CURRENT LIABILITIES

(1,281,658

)

(655,253

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,167,749

)

(484,340

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(1,167,750

)

(484,341

)

SHAREHOLDERS' FUNDS

(1,167,749

)

(484,340

)

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 Board of Directors and authorised for issue on 15 June 2022 and were signed on its behalf by:

J Morawietz - Director

1.	STATUTORY INFORMATION

Ginger Lehmann 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurance that this support will continue for the foreseeable future.

Turnover

Revenue represents the fair value of consideration received or receivable arising from provision of goods and services to third party customers net of VAT and trade discounts.

Where the outcome of survey contracts can be estimated reliably, revenue is recognised by reference to the total sales value and the stage of completion of the contract. The Company has adopted the following policy for assessing the stage of completion of these survey contracts, this has been determined with reference to the proportion of total cost incurred;

- 90% of the contract value is recognised based on the number of kilometres surveyed, expressed as a percentage of the total kilometres surveyed ;

- 10% of the contract value is recognised after the survey has been completed and the data delivered to the customer.

The related profit includes results attributable to contracts completed and in progress where a profitable outcome can be prudently foreseen.

Where revenue earned exceeds amounts invoiced it is included within trade and other receivables as amounts due from customers for contract work. Receipts in excess of recognised turnover are included within trade and other payables under payments on account in respect of contract work. The amount of costs incurred on survey contracts, net of amounts transferred to cost of sales is included in long term contract balances within inventories.

Intangible assets - development costs

Development costs are capitalised if they meet the criteria as described in FRS 102 Section 18 'Intangible Assets other than Goodwill'.

Capitalised development costs are amortised over the periods the company expects to benefit from selling the products developed, which is estimated to be 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 20% per annum straight line

Fixtures and fittings - 33% per annum straight line

Motor vehicles - 25% per annum straight line

Leasehold improvements - Over the lower of 10 years, and the remaining period on the lease

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2020 - 38 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2021

and 31 December 2021

568,892

AMORTISATION

At 1 January 2021

and 31 December 2021

568,892

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

871,360

Additions

21,657

Disposals

(129,208

)

At 31 December 2021

763,809

DEPRECIATION

At 1 January 2021

700,447

Charge for year

78,661

Eliminated on disposal

(129,208

)

At 31 December 2021

649,900

NET BOOK VALUE

At 31 December 2021

113,909

At 31 December 2020

170,913

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

187,536

513,014

Other debtors

335,358

375,533

522,894

888,547

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

232,945

219,011

Trade creditors

81,894

154,893

Amounts owed to group undertakings

1,397,127

994,003

Taxation and social security

107,413

231,652

Other creditors

70,623

87,228

1,890,002

1,686,787

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.21

31.12.20

£

£

Within one year

9,665

48,969

Between one and five years

-

9,665

9,665

58,634

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

1

Ordinary

1

1

1

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

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)

for and on behalf of Tuerner Audit Limited

12.	PARENT COMPANY

The parent company of Financiere Lily into which the accounts of Ginger Lehmann Limited are consolidated is Ginger Participation SAS. Their registered office address from which publicly available accounts can be obtained is:

12 Avenue Gay Lussac

Zac la clef Saint-Pierre

78990 Elancourt

France

The company's immediate parent is Fachzentrum Straßenwesen Dresden GmbH, incorporated in Germany.

The ultimate parent company is Lily Finco, a company incorporated in France.