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REGISTERED NUMBER: 11227222 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WULFRUN SPECIALISED FASTENERS LIMITED

WULFRUN SPECIALISED FASTENERS LIMITED (REGISTERED NUMBER: 11227222)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WULFRUN SPECIALISED FASTENERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Miss B L Botha
W F Fraser
P Gomes





REGISTERED OFFICE: Unit 13 Planetary Road Industrial Estate
Willenhall
Wolverhampton
West Midlands
WV13 3XA





REGISTERED NUMBER: 11227222 (England and Wales)





ACCOUNTANTS: Windsors Rybridge Ltd
No 9, Castle Court 2
Castlegate Way
Dudley
West Midlands
DY1 4RH

WULFRUN SPECIALISED FASTENERS LIMITED (REGISTERED NUMBER: 11227222)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,831 27,467
32,831 27,467

CURRENT ASSETS
Stocks 685,644 582,401
Debtors 6 1,341,537 899,625
Cash at bank 11,218 16,044
2,038,399 1,498,070
CREDITORS
Amounts falling due within one year 7 1,774,769 1,307,108
NET CURRENT ASSETS 263,630 190,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,461

218,429

CREDITORS
Amounts falling due after more than one
year

8

89,351

125,715
NET ASSETS 207,110 92,714

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 207,109 92,713
207,110 92,714

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

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

WULFRUN SPECIALISED FASTENERS LIMITED (REGISTERED NUMBER: 11227222)

BALANCE SHEET - continued
31 JULY 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 8 February 2024 and were signed on its behalf by:





W F Fraser - Director


WULFRUN SPECIALISED FASTENERS LIMITED (REGISTERED NUMBER: 11227222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Wulfrun Specialised Fasteners 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 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.

WULFRUN SPECIALISED FASTENERS LIMITED (REGISTERED NUMBER: 11227222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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 38 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 407,811 5,000 412,811
AMORTISATION
At 1 August 2022
and 31 July 2023 407,811 5,000 412,811
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 27,759 71,308 21,096 19,474 139,637
Additions 6,482 22,242 - - 28,724
At 31 July 2023 34,241 93,550 21,096 19,474 168,361
DEPRECIATION
At 1 August 2022 17,337 62,896 19,338 12,599 112,170
Charge for year 7,684 8,726 1,758 5,192 23,360
At 31 July 2023 25,021 71,622 21,096 17,791 135,530
NET BOOK VALUE
At 31 July 2023 9,220 21,928 - 1,683 32,831
At 31 July 2022 10,422 8,412 1,758 6,875 27,467

WULFRUN SPECIALISED FASTENERS LIMITED (REGISTERED NUMBER: 11227222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 1,103,857 789,364
Amounts owed by group undertakings 27,498 -
Other debtors 210,182 110,261
1,341,537 899,625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 40,875 32,138
Trade creditors 454,459 390,603
Amounts owed to group undertakings - 19,146
Taxation and social security 74,509 7,222
Other creditors 1,204,926 857,999
1,774,769 1,307,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 89,351 125,715