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REGISTERED NUMBER: 10830837 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Wrexham Metal Finishing Limited

Wrexham Metal Finishing Limited (Registered number: 10830837)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wrexham Metal Finishing Limited

Company Information
for the year ended 31 January 2023







DIRECTORS: A P Buckley
Mrs V Buckley





REGISTERED OFFICE: Units 7 & 8
Catheralls Industrial Estate
Pinfold Lane
Buckley
Flintshire
CH7 3PS





REGISTERED NUMBER: 10830837 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Wrexham Metal Finishing Limited (Registered number: 10830837)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 32,984 27,758
Cash at bank and in hand 26,297 6,203
59,281 33,961
CREDITORS
Amounts falling due within one year 5 73,549 64,234
NET CURRENT LIABILITIES (14,268 ) (30,273 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,268 ) (30,273 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (14,269 ) (30,274 )
(14,268 ) (30,273 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 11 October 2023 and were signed on its behalf by:





Mrs V Buckley - Director


Wrexham Metal Finishing Limited (Registered number: 10830837)

Notes to the Financial Statements
for the year ended 31 January 2023

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 15,356
AMORTISATION
At 1 February 2022
and 31 January 2023 15,356
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Wrexham Metal Finishing Limited (Registered number: 10830837)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,984 27,758

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,363 4,789
Taxation and social security 18,565 12,989
Other creditors 46,621 46,456
73,549 64,234

6. RELATED PARTY DISCLOSURES

Included in closing trade creditors is a balance due of £12,930 (2022 £9,310) due to Play & Leisure Limited, a company with common directors. The amount of invoices raised in the year totalled £126,491 (2022 £88,236)

Included in creditors is an intercompany loan with a balance due of £44,072 (2022 £44,072) to Play and Leisure Ltd, a company with common directors.

7. PARENT COMPANY

The company is a 100% subsidiary of Zone Play and Leisure Limited. The registered office of the parent is the same as Wrexham Metal Finishing Limited which can be found on the Company Information page.