Company Registration No. 08165140 (England and Wales)
KOCKS ARDELT KRANBAU LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
KOCKS ARDELT KRANBAU LIMITED
COMPANY INFORMATION
Directors
Mr M A Reardon
Mr B Flaskamp
Company number
08165140
Registered office
The Grange Broadstone Estate
Enstone
Chipping Norton
Oxfordshire
United Kingdom
OX7 5QL
Auditor
Ellacotts Audit Services Limited
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
KOCKS ARDELT KRANBAU LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
KOCKS ARDELT KRANBAU LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
965
534
Current assets
Debtors
5
9,711
14,609
Cash at bank and in hand
59,981
47,638
69,692
62,247
Creditors: amounts falling due within one year
6
(24,847)
(15,096)
Net current assets
44,845
47,151
Net assets
45,810
47,685
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
45,710
47,585
Total equity
45,810
47,685
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime
of the Companies Act 2006.
The financial statements were approved by the board of directors and authorised for issue on 3 February 2022 and are signed on its behalf by:
Mr M A Reardon
Director
Company Registration No. 08165140
KOCKS ARDELT KRANBAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Kocks Ardelt Kranbau Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is given in the company information page.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
1.2
Going concern
The directors believe that the company has sufficient resources to continue its operations for the foreseeable future, due to continuing support from it's parent, Kocks Ardelt Kranbau GmbH. The company has been impacted by the COVID-19 pandemic however has made use of available government grants. As a result, the directors have adopted the 'going concern' basis of accounting in preparing the annual financial statements.
1.3
Turnover
The turnover shown in the profit and loss account represents the value of work done during the period, exclusive of value added tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures & fittings
- 5 years on a straight line basis
Office equipment
- 2 years on a straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Cash and cash equivalents
Cash
at bank and in hand
are basic financial assets
and
include cash, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
KOCKS ARDELT KRANBAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
1.9
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.10
Foreign exchange
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 the transaction. Exchange differences are taken into account in arriving at the operating profit.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2
(2020: 3)
KOCKS ARDELT KRANBAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 4 -
4
Tangible fixed assets
Fixtures & fittings
Office equipment
Total
£
£
£
Cost
At 1 January 2021
11,306
5,453
16,759
Additions
1,103
1,103
Disposals
(2,478)
(2,478)
At 31 December 2021
11,306
4,078
15,384
Depreciation and impairment
At 1 January 2021
11,306
4,919
16,225
Depreciation charged in the year
380
380
Eliminated in respect of disposals
(2,186)
(2,186)
At 31 December 2021
11,306
3,113
14,419
Carrying amount
At 31 December 2021
965
965
At 31 December 2020
534
534
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
100
8,100
Other debtors
4,504
787
Prepayments and accrued income
5,107
5,722
9,711
14,609
6
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
9,245
482
Taxation and social security
5,492
5,499
Other creditors
525
931
Accruals and deferred income
9,585
8,184
24,847
15,096
KOCKS ARDELT KRANBAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 5 -
7
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Audit report information
As the
profit and loss account
has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The audit report in respect of these accounts was unqualified with no emphasis of matter. The
S
enior
S
tatutory
A
uditor was
Charlotte Toemaes
of Ellacotts Audit Services Limited.
9
Financial commitments, guarantees and contingent liabilities
At the reporting date the company had outstanding lease commitments for future minimum lease payments under non-cancellable operating leases of £14,385 (2020: £31,647).
10
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.
11
Parent company
The parent company was Kocks Ardelt Kranbau GmbH, a company incorporated in Germany. The results of Kocks Ardelt Kranbau Limited have been consolidated within the financial statements of Kocks Ardelt Kranbau GmbH and the registered office address is Heegermuhlerstrasse 64, 16225 Eberswalde, Germany.