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

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

DIEHL METERING LIMITED - Company Information

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REGISTERED NUMBER: 02402340 (England and Wales)













Audited Financial Statements

for the Year Ended 31 December 2021

for

Diehl Metering Limited
Diehl Metering Limited (Registered number: 02402340)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Diehl Metering Limited

Company Information
for the Year Ended 31 December 2021







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 Audit (Statutory Auditor)
Newland House,
The Point,
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: BNP Paribas
10 Harewood Avenue
LONDON
NW1 6AA
Page 1
Diehl Metering Limited (Registered number: 02402340)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,670 4,318

CURRENT ASSETS
Debtors 5 97,798 100,136
Cash at bank 116,743 97,302
214,541 197,438
CREDITORS
Amounts falling due within one year 6 52,224 53,078
NET CURRENT ASSETS 162,317 144,360
TOTAL ASSETS LESS CURRENT
LIABILITIES
165,987
148,678

PROVISIONS FOR LIABILITIES 697 820
NET ASSETS 165,290 147,858

CAPITAL AND RESERVES
Called up share capital 7 30,000 30,000
Retained earnings 135,290 117,858
SHAREHOLDERS' FUNDS 165,290 147,858

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 6 April 2022 and were signed on its behalf by:





Mr M Fuchs - Director


The notes form part of these financial statements

Page 2
Diehl Metering Limited (Registered number: 02402340)

Notes to the Financial Statements
for the Year Ended 31 December 2021

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 operating costs incurred by the company recharged to a group company and recognised at the time those costs are incurred, 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.


Page 3 continued...
Diehl Metering Limited (Registered number: 02402340)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
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.

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 7 (2020 - 7 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2021
and 31 December 2021 9,411
DEPRECIATION
At 1 January 2021 5,093
Charge for year 648
At 31 December 2021 5,741
NET BOOK VALUE
At 31 December 2021 3,670
At 31 December 2020 4,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 65,267 71,438
Other debtors 3,300 3,300
VAT 4,479 3,263
Accrued income 14,406 10,713
Prepayments 10,346 11,422
97,798 100,136

Page 4 continued...
Diehl Metering Limited (Registered number: 02402340)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 11,670 7,814
Tax 4,909 4,848
Social security and other taxes 19,415 22,441
Other creditors 3,336 4,056
Accrued expenses 12,894 13,919
52,224 53,078

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
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 Audit (Statutory Auditor)

9. RELATED PARTY DISCLOSURES

During the year the company entered into transactions with other companies connected to the ultimate holding company. In accordance with FRS 102, the company is exempt from disclosing these transactions in detail as they are disclosed within the financial statements of the ultimate holding company.

10. ULTIMATE CONTROLLING PARTY

The shares are owned 100% by Diehl Metering GmbH who are controlled by Diehl Verwaltungs - Stiftung.

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

Page 5 continued...
Diehl Metering Limited (Registered number: 02402340)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

12. COVID-19 IMPACT

During the year to 31 December 2021, the UK was coming out of lockdown as restrictions lifted in relation to the Coronavirus pandemic. Whilst some travel has been conducted during 2021 this was still not at the level pre the pandemic and as a consequence of this travel costs have increased over last year but were still significantly lower than prior years. Therefore turnover has only increased slightly over last year due to a few extra costs to recharge during 2021. Changes in working practices have enabled costs to remain lower during 2021, however it is likely costs and therefore recharges will increase further following the removal of all restrictions. In the directors' opinion going concern is not considered an issue for the next 12 months.

Page 6