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 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

MADISON WIRE (EUROPE) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

MADISON WIRE (EUROPE) LTD

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 1,000,028 1,033,187
Total fixed assets: 1,000,028 1,033,187
Current assets
Stocks: 1,264,843 1,020,609
Debtors:   383,895 532,119
Cash at bank and in hand: 10,983 191,117
Total current assets: 1,659,721 1,743,845
Creditors: amounts falling due within one year:   (1,571,614) (1,565,586)
Net current assets (liabilities): 88,107 178,259
Total assets less current liabilities: 1,088,135 1,211,446
Creditors: amounts falling due after more than one year:   (1,148,163) (1,181,231)
Total net assets (liabilities): (60,028) 30,215
Capital and reserves
Called up share capital: 133,433 133,433
Revaluation reserve:4598,012611,512
Profit and loss account: (791,473) (714,730)
Shareholders funds: (60,028) 30,215

The notes form part of these financial statements

MADISON WIRE (EUROPE) LTD

Balance sheet statements

For the year ending 31 December 2019 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 10 March 2020
and signed on behalf of the board by:

Name: Dariusz 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 2019

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 2019

2. Employees

2019 2018
Average number of employees during the period 25 20

MADISON WIRE (EUROPE) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 1,736,932
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2019 1,736,932
Depreciation
At 01 January 2019 703,745
Charge for year 33,159
On disposals 0
At 31 December 2019 736,904
Net book value
At 31 December 2019 1,000,028
At 31 December 2018 1,033,187

MADISON WIRE (EUROPE) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Revaluation reserve

2019
£
Balance at 01 January 2019 611,512
Surplus or deficit after revaluation (13,500)
Balance at 31 December 2019 598,012