Ammann UK Limited - Accounts to registrar (filleted) - small 23.1.2
Ammann UK Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Ammann UK Limited |
| Financial Statements |
| for the Year Ended 31 December 2022 |
| Ammann UK Limited (Registered number: 02406359) |
| Contents of the Financial Statements |
| for the year ended 31 December 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| Ammann UK Limited |
| Company Information |
| for the year ended 31 December 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 13 The Courtyard |
| Timothy's Bridge Road |
| Stratford Upon Avon |
| Warwickshire |
| CV37 9NP |
| Ammann UK Limited (Registered number: 02406359) |
| Balance Sheet |
| 31 December 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements |
| for the year ended 31 December 2022 |
| 1. | STATUTORY INFORMATION |
| Ammann UK Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on a going concern basis despite the loss before tax this year of £459,118 which the directors consider to be appropriate due to the parent company, Ammann BauAusrustung AG, confirming that sufficient financial support will be provided to enable the Company to continue its operations for a period of not less than 12 months from the date the balance sheet is signed. The Company also has net current assets, excluding intercompany balances, of £773,768 as at 31 December 2022. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Part sales are recognised when the significant risk and rewards of ownership are transferred to the buyer. |
| Service sales are recognised at the stage of completion and when the amount of revenue can be measured reliably. |
| Retrofit sales are recognised when the goods have been installed and the risk and rewards of ownership have been transferred to the buyer. |
| Commission sales are recognised when the contract of sale has been approved by the customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stock and Work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the average cost basis and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| Between one and five years |
| Ammann UK Limited (Registered number: 02406359) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2022 |
| 8. | DEFERRED TAX |
| £ |
| Balance at 1 January 2022 | ( |
) |
| Charge to Income Statement during year |
| Balance at 31 December 2022 | ( |
) |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Ammann BauAusrustung AG, a company incorporated in Switzerland. |