IRIS Accounts Production v22.2.0.402 01961598 Board of Directors 1.5.21 30.4.22 30.4.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure019615982021-04-30019615982022-04-30019615982021-05-012022-04-30019615982020-04-30019615982020-05-012021-04-30019615982021-04-3001961598ns16:EnglandWales2021-05-012022-04-3001961598ns15:PoundSterling2021-05-012022-04-3001961598ns11:Director12021-05-012022-04-3001961598ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3001961598ns11:SmallEntities2021-05-012022-04-3001961598ns11:AuditExempt-NoAccountantsReport2021-05-012022-04-3001961598ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3001961598ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3001961598ns11:FullAccounts2021-05-012022-04-3001961598ns11:OrdinaryShareClass12021-05-012022-04-3001961598ns11:Director22021-05-012022-04-3001961598ns11:CompanySecretary12021-05-012022-04-3001961598ns11:RegisteredOffice2021-05-012022-04-3001961598ns6:CurrentFinancialInstruments2022-04-3001961598ns6:CurrentFinancialInstruments2021-04-3001961598ns6:ShareCapital2022-04-3001961598ns6:ShareCapital2021-04-3001961598ns6:RetainedEarningsAccumulatedLosses2022-04-3001961598ns6:RetainedEarningsAccumulatedLosses2021-04-3001961598ns6:ShortLeaseholdAssetsns6:LandBuildings2021-04-3001961598ns6:PlantMachinery2021-04-3001961598ns6:ComputerEquipment2021-04-3001961598ns6:ShortLeaseholdAssetsns6:LandBuildings2021-05-012022-04-3001961598ns6:PlantMachinery2021-05-012022-04-3001961598ns6:ComputerEquipment2021-05-012022-04-3001961598ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-3001961598ns6:PlantMachinery2022-04-3001961598ns6:ComputerEquipment2022-04-3001961598ns6:ShortLeaseholdAssetsns6:LandBuildings2021-04-3001961598ns6:PlantMachinery2021-04-3001961598ns6:ComputerEquipment2021-04-3001961598ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3001961598ns6:WithinOneYearns6:CurrentFinancialInstruments2021-04-3001961598ns6:DeferredTaxation2021-04-3001961598ns6:DeferredTaxation2022-04-3001961598ns11:OrdinaryShareClass12022-04-3001961598ns6:RetainedEarningsAccumulatedLosses2021-04-3001961598ns6:RetainedEarningsAccumulatedLosses2021-05-012022-04-30
















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Wyre Repairs Limited

Wyre Repairs Limited (Registered number: 01961598)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wyre Repairs Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: I C White
L White





SECRETARY: Ms V Lightfoot





REGISTERED OFFICE: Unit J
Boyn Valley Industrial Estate
Boyn Valley Road
Maidenhead
Berkshire
SL6 4EJ





REGISTERED NUMBER: 01961598 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Wyre Repairs Limited (Registered number: 01961598)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 486 648

CURRENT ASSETS
Stocks 5 20,000 20,000
Debtors 6 54,315 52,117
Cash at bank and in hand 80,427 56,868
154,742 128,985
CREDITORS
Amounts falling due within one year 7 45,992 47,382
NET CURRENT ASSETS 108,750 81,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,236

82,251

PROVISIONS FOR LIABILITIES 8 - 105
NET ASSETS 109,236 82,146

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 109,136 82,046
SHAREHOLDERS' FUNDS 109,236 82,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by:





L White - Director


Wyre Repairs Limited (Registered number: 01961598)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Wyre Repairs 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.

Improvements to leasehold property25% on reducing balance
Vans25% on reducing balance
Computer25% on reducing balance
Equipment25% on reducing balance



Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value is the price expected to be obtained if the goods are sold within the next twelve months.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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 3 (2021 - 3 ) .

Wyre Repairs Limited (Registered number: 01961598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Building Office &
under sundry
construction Vans equipment Totals
£    £    £    £   
COST
At 1 May 2021
and 30 April 2022 700 24,614 2,906 28,220
DEPRECIATION
At 1 May 2021 700 24,211 2,661 27,572
Charge for year - 101 61 162
At 30 April 2022 700 24,312 2,722 27,734
NET BOOK VALUE
At 30 April 2022 - 302 184 486
At 30 April 2021 - 403 245 648

5. STOCKS
30.4.22 30.4.21
£    £   
Stocks 20,000 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 45,122 42,924
Other debtors 9,193 9,193
54,315 52,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade creditors 18,489 21,807
Tax 3 -
Social security and other taxes 2,260 3,613
VAT 16,900 13,622
Other creditors 8,340 8,340
45,992 47,382

8. PROVISIONS FOR LIABILITIES
30.4.22 30.4.21
£    £   
Deferred tax - 105

Deferred
tax
£   
Balance at 1 May 2021 105
Deferred tax (105 )
Balance at 30 April 2022 -

Wyre Repairs Limited (Registered number: 01961598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.22 30.4.21
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2021 82,046
Profit for the year 27,090
At 30 April 2022 109,136