MADISON WIRE (EUROPE) LTD

MADISON WIRE (EUROPE) LTD

MADISON WIRE (EUROPE) LTD - Company Information

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MADISON WIRE (EUROPE) LTD

Company Registration Number:
03195152 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

MADISON WIRE (EUROPE) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

MADISON WIRE (EUROPE) LTD

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 1,033,188 1,067,500
Total fixed assets: 1,033,188 1,067,500
Current assets
Stocks: 1,020,608 1,135,036
Debtors:   532,119 427,180
Cash at bank and in hand: 191,116 27,220
Total current assets: 1,743,843 1,589,436
Creditors: amounts falling due within one year:   (1,565,585) (1,471,434)
Net current assets (liabilities): 178,258 118,002
Total assets less current liabilities: 1,211,446 1,185,502
Creditors: amounts falling due after more than one year:   (1,181,231) (1,180,630)
Total net assets (liabilities): 30,215 4,872
Capital and reserves
Called up share capital: 133,433 133,433
Revaluation reserve:3611,512625,012
Profit and loss account: (714,730) (753,573)
Shareholders funds: 30,215 4,872

The notes form part of these financial statements

MADISON WIRE (EUROPE) LTD

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2019
and signed on behalf of the board by:

Name: Mr D Gruszczynski
Status: Director

The notes form part of these financial statements

MADISON WIRE (EUROPE) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MADISON WIRE (EUROPE) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Tangible Assets

Total
Cost £
At 01 January 2018 1,736,931
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2018 1,736,931
Depreciation
At 01 January 2018 669,431
Charge for year 34,312
On disposals 0
Other adjustments 0
At 31 December 2018 703,743
Net book value
At 31 December 2018 1,033,188
At 31 December 2017 1,067,500

MADISON WIRE (EUROPE) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Revaluation reserve

2018
£
Balance at 01 January 2018 625,012
Surplus or deficit after revaluation (13,500)
Balance at 31 December 2018 611,512