Hofmann Pruftechnik Uk Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10156513 (England and Wales)

HOFMANN PRUFTECHNIK UK LTD

Unaudited Financial Statements

for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

G P Wood

REGISTERED OFFICE:

Brtiannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

REGISTERED NUMBER:

10156513 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

FIXED ASSETS

Tangible assets

4

7,608

9,210

-

CURRENT ASSETS

Stocks

5

307,959

82,924

-

Debtors

6

276,783

179,509

-

Cash at bank

15,361

16,661

-

600,103

279,094

-

CREDITORS

Amounts falling due within one year

7

(504,797

)

(179,600

)

-

NET CURRENT ASSETS

95,306

99,494

-

TOTAL ASSETS LESS CURRENT LIABILITIES

102,914

108,704

-

PROVISIONS FOR LIABILITIES

8

(1,446

)

(1,842

)

-

NET ASSETS

101,468

106,862

-

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

-

Retained earnings

10

1,468

6,862

-

SHAREHOLDERS' FUNDS

101,468

106,862

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 March 2018 and were signed by:

G P Wood - Director

1.	STATUTORY INFORMATION

Hofmann Pruftechnik Uk Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 12 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

2,060

5,541

2,701

10,302

Additions

-

-

1,038

1,038

At 31 December 2017

2,060

5,541

3,739

11,340

DEPRECIATION

At 1 January 2017

52

727

313

1,092

Charge for year

502

1,203

935

2,640

At 31 December 2017

554

1,930

1,248

3,732

NET BOOK VALUE

At 31 December 2017

1,506

3,611

2,491

7,608

At 31 December 2016

2,008

4,814

2,388

9,210

5.

STOCKS

2017

2016

as restated

£

£

Work-in-progress

307,959

82,924

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Trade debtors

234,698

148,128

Other debtors

5,000

5,000

Tax

14,891

-

VAT

17,275

19,496

Prepayments

4,919

6,885

276,783

179,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Trade creditors

152,646

29,474

Amounts owed to associates

232,873

126,096

Tax

-

14,891

Social security and other taxes

10,199

7,939

Other Creditors

2,879

-

Directors' current accounts

105,000

-

Accrued expenses

1,200

1,200

504,797

179,600

8.	PROVISIONS FOR LIABILITIES

2017

2016

as restated

£

£

Deferred tax

1,446

1,842

Deferred

tax

£

Balance at 1 January 2017

1,842

Provided during year

(396

)

Balance at 31 December 2017

1,446

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

as restated

£

£

100,000

Ordinary

£1

100,000

100,000

10.

RESERVES

Retained

earnings

£

At 1 January 2017

65,920

Prior year adjustment

(59,058

)

6,862

Deficit for the year

(5,394

)

At 31 December 2017

1,468

11.	RELATED PARTY DISCLOSURES

Key Management Personnel Remuneration in the year totalled £75,000.

12.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of TeSys Co Ltd

Headquarters:

A-403 (Digital Empire) 16,

Deogyeong-Daero,

1556 Beon-Gil,

Yeong Tong-Gu,

Suwon-Si,

Gyeonggi-Do,

Korea

(Zip code: 16690)