Kuhne & Heitz (UK) Limited - Accounts to registrar - small 17.2

Kuhne & Heitz (UK) Limited - Accounts to registrar - small 17.2

KUHNE & HEITZ (UK) LTD - Company Information

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REGISTERED NUMBER: 01849415 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Kuhne & Heitz (UK) Limited

Kuhne & Heitz (UK) Limited (Registered number: 01849415)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kuhne & Heitz (UK) Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: B J H Veldhoen
L E Jones





REGISTERED OFFICE: Carlton House
18, Mere Green Road
Sutton Coldfield
West Midlands
B75 5BS





REGISTERED NUMBER: 01849415 (England and Wales)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL
Page 1
Kuhne & Heitz (UK) Limited (Registered number: 01849415)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,184 7,543

CURRENT ASSETS
Debtors 5 99,780 81,364
Cash at bank and in hand 24,308 13,060
124,088 94,424
CREDITORS
Amounts falling due within one year 6 42,101 33,704
NET CURRENT ASSETS 81,987 60,720
TOTAL ASSETS LESS CURRENT
LIABILITIES
104,171
68,263

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 89,171 53,263
SHAREHOLDERS' FUNDS 104,171 68,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2017 and were signed on its
behalf by:



L E Jones - Director



B J H Veldhoen - Director


The notes form part of these financial statements

Page 2
Kuhne & Heitz (UK) Limited (Registered number: 01849415)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Kuhne & Heitz (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements for the year ended 31 December 2016 are the first financial statements that
comply with FRS 102 Section 1A small entities. The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A small entities has not resulted in any changes in accounting
policies to those used previously. Further details on the transition to FRS 102 are given in the notes.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade
discounts. The policies adopted for the recognition of turnover are as follows:

The company acts as the sales representative for its parent company in the UK and is re-imbursed
with commissions at a percentage rate on orders placed. Commissions are recognised by reference
to orders placed in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

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.


Page 3
Kuhne & Heitz (UK) Limited (Registered number: 01849415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
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 3 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 11,719
Additions 18,490
At 31 December 2016 30,209
DEPRECIATION
At 1 January 2016 4,176
Charge for year 3,849
At 31 December 2016 8,025
NET BOOK VALUE
At 31 December 2016 22,184
At 31 December 2015 7,543

Page 4
Kuhne & Heitz (UK) Limited (Registered number: 01849415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed by group undertakings 88,566 75,704
Other debtors 4,530 -
VAT 2,490 1,743
Prepayments and accrued income 4,194 3,917
99,780 81,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 3,735 833
Tax 10,086 7,601
Social security and other taxes 5,927 5,325
Directors' current accounts 1,761 621
Accruals and deferred income 20,592 19,324
42,101 33,704

7. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance
sheet amount to £13,800 (2015 £26,850).

8. RELATED PARTY DISCLOSURES

Kuhne + Heitz Holland B.V

The company's immediate parent company


During the year the company charged for sales commissions of £330,566 (2015 £281,699) to Kuhne +
Heitz Holland B.V.

Also during the year the company was charged £12,000 (2015 £12,000) for computer and software
maintenance and support services from Kuhne + Heitz Holland B.V.

31.12.16 31.12.15
£    £   
Amount due (to)/from related party at the balance sheet date (88,566 ) 75,704

9. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102.

There were no adjustments required by the company in restating its balance sheet as at 1 January
2014 and its previously published financial statements as at and for the year ended 31 December
2015. There were no changes required to its previously applied accounting policies.


Page 5