WRG STEEL PARTITIONING LIMITED

Company Registration Number:
07872642 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

WRG STEEL PARTITIONING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

WRG STEEL PARTITIONING LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 16,146 20,468
Total fixed assets: 16,146 20,468
Current assets
Stocks: 184,510 222,860
Debtors:   480,394 473,983
Cash at bank and in hand: 947,486 577,714
Total current assets: 1,612,390 1,274,557
Creditors: amounts falling due within one year: 4 (556,210) (517,646)
Net current assets (liabilities): 1,056,180 756,911
Total assets less current liabilities: 1,072,326 777,379
Total net assets (liabilities): 1,072,326 777,379
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,072,226 777,279
Shareholders funds: 1,072,326 777,379

The notes form part of these financial statements

WRG STEEL PARTITIONING LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 31 October 2023
and signed on behalf of the board by:

Name: S D Fryer
Status: Director

The notes form part of these financial statements

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Plant & machinery 25 to 33% on a reducing balance basis

Valuation and information policy

InventoriesStocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and a proportion of fixed and variable overheads where appropriate.

Other accounting policies

The accounts are presented in £ sterling.Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 22 21

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 66,915
Additions 1,484
At 31 March 2023 68,399
Depreciation
At 01 April 2022 46,447
Charge for year 5,806
At 31 March 2023 52,253
Net book value
At 31 March 2023 16,146
At 31 March 2022 20,468

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Included within bank loans and overdraft are loans totalling £Nil (2022 £Nil) which are secured on the trade debtors of the company.

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Post balance sheet events

On 25 July 2023 the entire issued share capital of WRG Steel Partitioning Limited was aquired by Emby Manufacturing Limited. Mr Stephen David Fryer, director, owns 100% of the issued share capital of Emby Manufacturing Limited and as such is considered the Ultimate Controlling party of WRG Steel Partitioning Limited.