Rothel (UK) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02105422

Audited Financial Statements for the Year Ended 31 December 2017

for

Rothel (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Rothel

T Rothel

SECRETARY:

P S Marmot

REGISTERED OFFICE:

2 Rectory Lane

Edgware

Middlesex

HA8 7LF

REGISTERED NUMBER:

02105422

AUDITORS:

DJM Accountants LLP

4 Stirling Court Yard

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

FIXED ASSETS

Tangible assets

4

44

59

CURRENT ASSETS

Stocks

212,597

165,265

Debtors

5

1,534,105

1,425,457

Investments

6

94,112

98,984

Cash at bank

1,401,132

1,186,698

3,241,946

2,876,404

CREDITORS

Amounts falling due within one year

7

(245,109

)

(147,195

)

NET CURRENT ASSETS

2,996,837

2,729,209

TOTAL ASSETS LESS CURRENT LIABILITIES

2,996,881

2,729,268

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

8

120,166

80,991

Retained earnings

2,871,715

2,643,277

SHAREHOLDERS' FUNDS

2,996,881

2,729,268

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 16 March 2018 and were signed on its behalf by:

K Rothel - Director

1.	STATUTORY INFORMATION

Rothel (UK) Limited is a private company, limited by shares , registered in Not specified/Other. 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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

5,741

DEPRECIATION

At 1 January 2017

5,682

Charge for year

15

At 31 December 2017

5,697

NET BOOK VALUE

At 31 December 2017

44

At 31 December 2016

59

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

285,499

252,254

Amounts owed by associates

1,109,986

1,070,810

Other debtors

138,620

102,393

1,534,105

1,425,457

6.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

94,112

98,984

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

73,913

947

Taxation and social security

140,085

114,341

Other creditors

31,111

31,907

245,109

147,195

8.

RESERVES

Revaluation

reserve

£

At 1 January 2017

80,991

Currency retranslation

39,175

At 31 December 2017

120,166

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

The Report of the Auditors was unqualified.

J H Mendlesohn (Senior Statutory Auditor)

for and on behalf of DJM Accountants LLP

10.	RELATED PARTY DISCLOSURES

The company relies on Rothel GmbH & Co. KG Papier-und Folienverarbeitung, an associated company, for the

supply of its raw materials. These amounted to £1,536,280 (2016 - £1,383,727) as shown in the Profit & Loss

Accounts. At the Balance Sheet date, the associated company owed £65,835 (2016 - owed £530) to Rothel (UK)

Limited.

The company has also facilitated a loan of €1,250,011 [£1,109,986 (2016 - £1,070,811)] for a period of 6 years

from 1 January 2013 at a rate of interest of 0.5% per annum to its parent company Rothel GmbH & Co KG.