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COMPANY REGISTRATION NUMBER: 09084560
Resistance Wires Limited
Unaudited Financial Statements
31 March 2023
Resistance Wires Limited
Financial Statements
Year ended 31 March 2023
Contents
Pages
Officers and professional advisers
1
Directors' report
2
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of financial position
4
Notes to the financial statements
5 to 6
Resistance Wires Limited
Officers and Professional Advisers
The board of directors
Mr A W Hogarth
Mr M Venables
Registered office
5A Narrowboat Way
Hurst Business Park
Brierley Hill
West Midlands
United Kingdom
DY5 1UF
Accountants
BSN Associates Limited
Chartered Accountants
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
Resistance Wires Limited
Directors' Report
Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr A W Hogarth
Mr M Venables
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 10 July 2023 and signed on behalf of the board by:
Mr M Venables
Director
Registered office:
5A Narrowboat Way
Hurst Business Park
Brierley Hill
West Midlands
United Kingdom
DY5 1UF
Resistance Wires Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Resistance Wires Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Resistance Wires Limited for the year ended 31 March 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Resistance Wires Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Resistance Wires Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Resistance Wires Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Resistance Wires Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Resistance Wires Limited. You consider that Resistance Wires Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Resistance Wires Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
BSN Associates Limited Chartered Accountants
3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG
10 July 2023
Resistance Wires Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
100
100
----
----
Net current assets
100
100
----
----
Total assets less current liabilities
100
100
----
----
Capital and reserves
Called up share capital
100
100
----
----
Shareholders funds
100
100
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 July 2023 , and are signed on behalf of the board by:
M Venables Director
Company registration number: 09084560
Resistance Wires Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5A Narrowboat Way, Hurst Business Park, Brierley Hill, West Midlands, DY5 1UF, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements, estimates or assumptions have been made during the current and prior period.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
100
100
----
----
6. Related party transactions
At the year end the company was owed £100 (2022: £100) by Alloy Wire International Limited.
7. Controlling party
During the year, the ultimate parent company ceased to be Alloy Wire Holdings Limited and became Alloy Wire Holding 2022 Limited, a company registered in England & Wales.