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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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KOLLMORGEN (UK) LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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KOLLMORGEN (UK) LIMITED |
KOLLMORGEN (UK) LIMITED (REGISTERED NUMBER: 04088199) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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KOLLMORGEN (UK) LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 December 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Statutory Auditors |
2 Hilliards Court |
Chester Business Park |
Chester |
Cheshire |
CH4 9PX |
KOLLMORGEN (UK) LIMITED (REGISTERED NUMBER: 04088199) |
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BALANCE SHEET |
31 December 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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KOLLMORGEN (UK) LIMITED (REGISTERED NUMBER: 04088199) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Kollmorgen (UK) Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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KOLLMORGEN (UK) LIMITED (REGISTERED NUMBER: 04088199) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2017 |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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KOLLMORGEN (UK) LIMITED (REGISTERED NUMBER: 04088199) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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KOLLMORGEN (UK) LIMITED (REGISTERED NUMBER: 04088199) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2017 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended |
31 December 2017 and 31 December 2016: |
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2017 | 2016 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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9. | RELATED PARTY DISCLOSURES |
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During the year Kollmorgen (UK) Limited purchased goods worth £2,332,973 (2016 |
£1,877,760) from Kollmorgen Steuerungstechnik GmbH, it's ultimate parent company. At the |
year end £931,950 (2016 £791,963) was owed to Kollmorgen Steuerungstechnik GmbH. |
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10. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to |
prepare and submit returns to the tax authorities and assist with the preparation of the |
financial statements. |
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11. | POST BALANCE SHEET EVENTS |
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On 12 April 2018, Kollmorgen (UK) Limited acquired 100% of the issued share capital of |
Gladiator Lifts Systems Limited. |
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12. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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Kollmorgen Steuerungstechnik GmbH, a company registered in Germany, owns 100% of the |
share capital of Kollmorgen (UK) Limited. Copies of the accounts of the ultimate controlling |
party can be obtained from their registered office as stated below: |
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Kollmorgen Steuerungstechnik GmbH |
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Broichstraße 32 |
D-51109 Köln |
Germany |