IRIS Accounts Production v23.3.0.418 09183681 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091836812022-03-31091836812023-03-31091836812022-04-012023-03-31091836812021-03-31091836812021-04-012022-03-31091836812022-03-3109183681ns16:EnglandWales2022-04-012023-03-3109183681ns15:PoundSterling2022-04-012023-03-3109183681ns11:Director12022-04-012023-03-3109183681ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109183681ns11:SmallEntities2022-04-012023-03-3109183681ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109183681ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109183681ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109183681ns11:FullAccounts2022-04-012023-03-3109183681ns11:Director22022-04-012023-03-3109183681ns11:RegisteredOffice2022-04-012023-03-3109183681ns6:CurrentFinancialInstruments2023-03-3109183681ns6:CurrentFinancialInstruments2022-03-3109183681ns6:Non-currentFinancialInstruments2023-03-3109183681ns6:Non-currentFinancialInstruments2022-03-3109183681ns6:RetainedEarningsAccumulatedLosses2023-03-3109183681ns6:RetainedEarningsAccumulatedLosses2022-03-3109183681ns6:PlantMachinery2022-04-012023-03-3109183681ns6:PlantMachinery2022-03-3109183681ns6:PlantMachinery2023-03-3109183681ns6:PlantMachinery2022-03-3109183681ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109183681ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 09183681 (England and Wales)





Wood & Wire Made Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Wood & Wire Made Limited (Registered number: 09183681)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wood & Wire Made Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: J M Leach
T P Shillitoe





REGISTERED OFFICE: 9 Market Street
Hebden Bridge
West Yorkshire
HX76EU





REGISTERED NUMBER: 09183681 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Wood & Wire Made Limited (Registered number: 09183681)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 97,156 121,650

CURRENT ASSETS
Stocks 106,000 8,912
Debtors 5 90,629 106,157
Cash at bank 174,495 393,755
371,124 508,824
CREDITORS
Amounts falling due within one year 6 (126,937 ) (258,357 )
NET CURRENT ASSETS 244,187 250,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,343

372,117

CREDITORS
Amounts falling due after more than one
year

7

(28,976

)

(53,239

)
NET ASSETS 312,367 318,878

RESERVES
Retained earnings 312,367 318,878
312,367 318,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Wood & Wire Made Limited (Registered number: 09183681)

Statement of Financial Position - continued
31 March 2023


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 21 November 2023 and were signed on its behalf by:





J M Leach - Director


Wood & Wire Made Limited (Registered number: 09183681)

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

1. STATUTORY INFORMATION

Wood & Wire Made 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 10% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Wood & Wire Made Limited (Registered number: 09183681)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 190,063
Additions 3,050
At 31 March 2023 193,113
DEPRECIATION
At 1 April 2022 68,413
Charge for year 27,544
At 31 March 2023 95,957
NET BOOK VALUE
At 31 March 2023 97,156
At 31 March 2022 121,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,857 105,557
Other debtors 12,772 600
90,629 106,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 44,825 5,414
Taxation and social security 23,591 28,303
Other creditors 58,521 224,640
126,937 258,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 28,976 53,239

Wood & Wire Made Limited (Registered number: 09183681)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bounce Back Loan Scheme (BBLS) 28,976 43,529

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from the Nat West Bank PLC in the year.