Blauberg UK Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03728160 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BLAUBERG UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G Slade

SECRETARY:

Mr G Slade

REGISTERED OFFICE:

Unit E 99 Boston Road

Beaumont Leys

Leicester

LE4 1AW

REGISTERED NUMBER:

03728160 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Harrison BA (Hons) FCA

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

111,062

79,819

Investments

5

100

100

111,162

79,919

CURRENT ASSETS

Stocks

1,645,476

1,461,397

Debtors

6

962,512

693,194

Cash at bank and in hand

1,225,070

470,995

3,833,058

2,625,586

CREDITORS

Amounts falling due within one year

7

3,077,921

2,409,536

NET CURRENT ASSETS

755,137

216,050

TOTAL ASSETS LESS CURRENT LIABILITIES

866,299

295,969

CREDITORS

Amounts falling due after more than one year

8

(475

)

(475

)

PROVISIONS FOR LIABILITIES

(21,102

)

(19,077

)

NET ASSETS

844,722

276,417

CAPITAL AND RESERVES

Called up share capital

16

16

Share premium

99,988

99,988

Retained earnings

744,718

176,413

844,722

276,417

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 director and authorised for issue on 17 February 2023 and were signed by:

Mr G Slade - Director

1.	STATUTORY INFORMATION

Blauberg 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.

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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Office equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.

Pension costs and other post-retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown as accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2021 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2022

2,000

5,817

126,326

Additions

-

45,410

-

At 31 December 2022

2,000

51,227

126,326

DEPRECIATION

At 1 January 2022

2,000

1,854

75,917

Charge for year

-

2,741

7,560

At 31 December 2022

2,000

4,595

83,477

NET BOOK VALUE

At 31 December 2022

-

46,632

42,849

At 31 December 2021

-

3,963

50,409

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2022

13,775

127,974

275,892

Additions

-

15,362

60,772

At 31 December 2022

13,775

143,336

336,664

DEPRECIATION

At 1 January 2022

13,775

102,527

196,073

Charge for year

-

19,228

29,529

At 31 December 2022

13,775

121,755

225,602

NET BOOK VALUE

At 31 December 2022

-

21,581

111,062

At 31 December 2021

-

25,447

79,819

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2022

and 31 December 2022

100

NET BOOK VALUE

At 31 December 2022

100

At 31 December 2021

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ventronix Limited

Registered office: 6 Dominus Way, Meridian Business Park, Leicester, LE19 1RP

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

719,605

477,102

Other debtors

242,907

216,092

962,512

693,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

107,685

65,314

Amounts owed to group undertakings

2,350,534

1,909,291

Taxation and social security

484,746

283,298

Other creditors

134,956

151,633

3,077,921

2,409,536

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Amounts owed to group undertakings

475

475

9.	LEASING AGREEMENTS

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

2022

2021

£

£

Within one year

94,535

94,535

Between one and five years

-

94,535

94,535

189,070

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

The Report of the Auditors was unqualified.

Mark Harrison BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

11.	RELATED PARTY DISCLOSURES

Purchases of £3,579,549 (2021 : £3,078,726) were made from PrJSC Ventilation Systems, a fellow subsidiary undertaking. At the year end £2,350,534 (2021 : £1,846,868) was owed to FrJSC Ventilation Systems.

Included within creditors is £Nil (2021 : £60,423) due to Blauberg Ventilation Limited. Interest of £Nil (2021 : £6,552) was charged on this balance.

Included within other creditors are amounts owed to G Slade of £100 (2021 : £100). There were no advances or repayments during the year. No interest was charged on this balance. The amount is repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The Company is controlled by O Klapishevskyy and A Tsomyk by virtue of their shareholdings in the ultimate parent undertaking.

13.	IMMEDIATE AND ULTIMATE PARENT UNDERTAKING

Blauberg Group AG, a Company incorporated in Luxembourg, is the immediate and ultimate parent undertaking. Copies of the consolidated accounts of Blauberg Group AG are available from 272, Rue de Neudorf, L-2222, Luxembourg.