Volkmann UK Limited
Volkmann UK Limited
Registered number: 04175423
Unaudited Financial Statements
For The Year Ended 31 December 2023
Volkmann UK Limited
Contents
Contents
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| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—5 |
Volkmann UK Limited
Statement of Financial Position
As At
31 December 2023
Statement of Financial Position
Registered number:
04175423
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 7 | - |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 2,018,617 | 1,907,198 | |||
Volkmann UK Limited
Statement of Financial Position (continued)
As At
31 December 2023
On behalf of the board
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Director
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Volkmann UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2023
Notes to the Financial Statements
1.
General Information
Volkmann UK Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04175423
. The registered office is Unit 4 Anglo Office Park, Lincoln Road, High Wycombe, Buckinghamshire, HP12 3RH.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Motor Vehicles |
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| Fixtures & Fittings |
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2.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
2.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average Number of Employees
Average number of employees, including directors, during the year was 4 (2022: 4)
Volkmann UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
4.
Tangible Assets
| Land & Property | ||||
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| Leasehold | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2023 |
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| Disposals |
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| Depreciation | ||||
| As at 1 January 2023 |
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| Provided during the period |
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| Disposals |
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| As at 31 December 2023 |
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| Net Book Value | ||||
| As at 31 December 2023 |
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| As at 1 January 2023 |
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5.
Debtors
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
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| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to parent undertaking |
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Volkmann UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
7.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
| 2023 | 2022 | ||
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| £ | £ | ||
| Other timing differences | - | 3,412 | |
9.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2023 | 2022 | ||
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| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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10.
Ultimate Controlling Party
The company's ultimate parent company and controlling party is Volkmann GmbH, a company incorporated in Germany.