Wire 63 Limited - Accounts to registrar (filleted) - small 18.2

Wire 63 Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 04110660 (England and Wales)















WIRE 63 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020






WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIRE 63 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2020







DIRECTORS: A Cumming
Mrs J E Cumming





SECRETARY: A Cumming





REGISTERED OFFICE: The Old Rectory
Woodleigh
Kingsbridge
Devon
TQ7 4DG





REGISTERED NUMBER: 04110660 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

BALANCE SHEET
30 APRIL 2020

30.4.20 30.4.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 952,446 990,274
Investments 5 144,167 144,167
1,096,613 1,134,441

CURRENT ASSETS
Debtors 6 18,653 23,032
Cash at bank 1,198,769 1,316,170
1,217,422 1,339,202
CREDITORS
Amounts falling due within one year 7 74,394 82,238
NET CURRENT ASSETS 1,143,028 1,256,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,239,641

2,391,405

PROVISIONS FOR LIABILITIES 8 119,799 126,327
NET ASSETS 2,119,842 2,265,078

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Fair value reserve 10 310,324 311,900
Retained earnings 10 1,807,518 1,951,178
SHAREHOLDERS' FUNDS 2,119,842 2,265,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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.

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

BALANCE SHEET - continued
30 APRIL 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2020 and were
signed on its behalf by:





A Cumming - Director


WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020


1. STATUTORY INFORMATION

Wire 63 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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 4 (2019 - 2 ) .

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2020


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2019
and 30 April 2020 1,004,076 52,467 1,056,543
DEPRECIATION
At 1 May 2019 38,026 28,243 66,269
Charge for year 29,753 8,075 37,828
At 30 April 2020 67,779 36,318 104,097
NET BOOK VALUE
At 30 April 2020 936,297 16,149 952,446
At 30 April 2019 966,050 24,224 990,274

The leasehold property was valued at transition at a fair value by the directors using zoopla and yourmove for
reference.

5. FIXED ASSET INVESTMENTS

30.4.20 30.4.19
£    £   
Shares in group undertakings 49 49
Loans to group undertakings 144,118 144,118
144,167 144,167

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 May 2019
and 30 April 2020 49
NET BOOK VALUE
At 30 April 2020 49
At 30 April 2019 49

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2020


5. FIXED ASSET INVESTMENTS - continued
Loans to
group
undertakings
£   
At 1 May 2019
and 30 April 2020 144,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
VAT 1,091 1,038
Prepayments and accrued income 17,562 21,994
18,653 23,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Trade creditors 301 10,165
Corporation tax 62,100 63,006
Social security and other taxes 1,288 2,680
Directors' current accounts 119 299
Accrued expenses 10,586 6,088
74,394 82,238

8. PROVISIONS FOR LIABILITIES
30.4.20 30.4.19
£    £   
Deferred tax 119,799 126,327

Deferred
tax
£   
Balance at 1 May 2019 126,327
Credit to Income Statement during year (6,528 )
Accelerated capital allowances
Balance at 30 April 2020 119,799

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2020


9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 30.4.20 30.4.19
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
2,000 2,000

Dividends: All classes of shares are only entitled to such dividends as may be specifically declared by the Board
of Directors on each class of share.

Voting Rights: Only "A" Ordinary shares have full voting rights. "B" Ordinary shares have rights to vote only on
resolutions directly affecting the rights of their shares.

Winding Up: Only "A" Ordinary shares have full rights to participate in a capital distribution on winding up. "B"
Ordinary shares are only entitled to repayment of capital at par.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2019 1,951,178 311,900 2,263,078
Profit for the year 234,764 234,764
Dividends (380,000 ) (380,000 )
Movement in year 1,576 (1,576 ) -
At 30 April 2020 1,807,518 310,324 2,117,842

11. RELATED PARTY DISCLOSURES

The company is under the control of Mr & Mrs Cumming. Mr A Cumming is the managing director.