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Financial Statements for the Year Ended 31 December 2017 |
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Beko Technologies Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 December 2017 |
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for |
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Beko Technologies Limited |
Beko Technologies Limited (Registered number: 02290342) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Beko Technologies Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTOR: |
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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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Statutory Auditors |
1 Aston Court |
Bromsgrove Technology Park |
Bromsgrove |
Worcestershire |
B60 3AL |
Beko Technologies Limited (Registered number: 02290342) |
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Abridged Statement of Financial Position |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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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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Beko Technologies Limited (Registered number: 02290342) |
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Abridged Statement of Financial Position - continued |
31 December 2017 |
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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 director on
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Beko Technologies Limited (Registered number: 02290342) |
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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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Beko Technologies Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue 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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Long leasehold | - |
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Improvements to property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Inventories have been valued at the lower of cost and estimated selling price less costs to sell, after making due |
allowances for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to |
its present location and condition. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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 |
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange |
ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated |
into sterling at the rate of exchange ruling at the balance sheet date. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are |
recognised in profit and loss account when due. |
Beko Technologies Limited (Registered number: 02290342) |
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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 |
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Consolidated financial statements |
Consolidated financial statements are prepared under German Commercial Code and filed in Germany by the |
ultimate holding company. |
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Operating leasing commitments |
The relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term, |
unless they relate to vacant leasehold properties, in which case provision is made on a discounted basis for the |
net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar |
charges. |
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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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4. | PROPERTY, PLANT AND 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. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31.12.17 | 31.12.16 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 410,625 | - |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
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The bank loans are secured by Units 11-12 Moons Park, Burnt Meadow Road, Moons Moat, Redditch, B98 |
9PA. |
Beko Technologies Limited (Registered number: 02290342) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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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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8. | CONTINGENT LIABILITIES |
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There were no material contingent liabilities at the year end. |
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9. | POST BALANCE SHEET EVENTS |
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There were no material post balance sheet events. |
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