Diehl Metering Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02402340 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2016

for

Diehl Metering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

Statutory Auditors

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

BNP Paribas

10 Harewood Avenue

LONDON

NW1 6AA

FIXED ASSETS

Tangible assets

4

5,461

2,477

CURRENT ASSETS

Debtors

5

127,875

100,680

Cash at bank and in hand

19,425

31,074

147,300

131,754

CREDITORS

Amounts falling due within one year

6

78,735

78,939

NET CURRENT ASSETS

68,565

52,815

TOTAL ASSETS LESS CURRENT LIABILITIES

74,026

55,292

PROVISIONS FOR LIABILITIES

7

1,092

496

NET ASSETS

72,934

54,796

CAPITAL AND RESERVES

Called up share capital

8

30,000

30,000

Retained earnings

9

42,934

24,796

SHAREHOLDERS' FUNDS

72,934

54,796

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 April 2017 and were signed on its behalf by:

Mr M Fuchs - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sale of goods and services, 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

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 7 (2015 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2016

2,973

Additions

3,877

At 31 December 2016

6,850

DEPRECIATION

At 1 January 2016

496

Charge for year

893

At 31 December 2016

1,389

NET BOOK VALUE

At 31 December 2016

5,461

At 31 December 2015

2,477

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Amounts owed by group undertakings

66,611

61,395

VAT

9,580

7,655

Accrued income

16,812

17,763

Prepayments

34,872

13,867

127,875

100,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

27,503

19,358

Tax

7,241

7,214

Social security and other taxes

16,117

15,381

Accrued expenses

27,874

36,986

78,735

78,939

7.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

1,092

496

Deferred

tax

£

Balance at 1 January 2016

496

Accelerated capital allowances

596

Balance at 31 December 2016

1,092

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

30,000

Ordinary

£1

30,000

30,000

9.

RESERVES

Retained

earnings

£

At 1 January 2016

24,796

Profit for the year

18,138

At 31 December 2016

42,934

10.	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

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

13.	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

14.	FIRST YEAR ADOPTION

This is the first period that the company has presented accounts in accordance with FRS 102

'The Financial Reporting Framework Applicable in the UK and Republic of Ireland'. For

financial years up to and including the year end 31 December 2015, the Company prepared its

financial statements in accordance with UK GAAP.

The date of transition to FRS 102 is therefore 1 January 2014. The opening equity position as

at the 1 January 2014 and its previously published financial statements for the year ended 31

December 2015 have been restated from UK GAAP.