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REGISTERED NUMBER: 01480960 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UNIWIRE LTD

UNIWIRE LTD (REGISTERED NUMBER: 01480960)






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




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3

Chartered accountants' report 5

UNIWIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: R P Farmer
W R P Farmer



SECRETARY: W R P Farmer



REGISTERED OFFICE: Unit 7
Babdown Airfield
Babdown
Tetbury
Gloucestershire
GL8 8YL



REGISTERED NUMBER: 01480960 (England and Wales)



ACCOUNTANTS: Mitchell Glanville Limited
Chartered Accountants
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX



BANKERS: Barclays Bank plc
Cardigan
Leicestershire
LE87 2BB

UNIWIRE LTD (REGISTERED NUMBER: 01480960)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,074,578 661,686

CURRENT ASSETS
Stocks 1,096,869 1,082,555
Debtors 5 200,545 743,565
Cash at bank 785,846 1,244,090
2,083,260 3,070,210
CREDITORS
Amounts falling due within one year 6 86,117 344,475
NET CURRENT ASSETS 1,997,143 2,725,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,071,721

3,387,421

PROVISIONS FOR LIABILITIES 110,940 143,288
NET ASSETS 2,960,781 3,244,133

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 2,958,781 3,242,133
SHAREHOLDERS' FUNDS 2,960,781 3,244,133

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 June 2024 and were signed on its behalf by:





R P Farmer - Director


UNIWIRE LTD (REGISTERED NUMBER: 01480960)

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

1. STATUTORY INFORMATION

Uniwire Ltd 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.

A directors review, at the date of this report, has been made and there are no concerns that the company will not be able to meet its current creditor terms and is trading as a going concern for at least the next 12 months, from the date of this report.

Therefore, these accounts have been prepared on the going concern basis.

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 each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Computer equipment - 20% 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 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.

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 18 (2022 - 17 ) .

UNIWIRE LTD (REGISTERED NUMBER: 01480960)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 99,473 914,344 20,902 1,034,719
Additions 546,450 38,437 - 584,887
At 31 December 2023 645,923 952,781 20,902 1,619,606
DEPRECIATION
At 1 January 2023 10,938 341,843 20,252 373,033
Charge for year 4,168 167,664 163 171,995
At 31 December 2023 15,106 509,507 20,415 545,028
NET BOOK VALUE
At 31 December 2023 630,817 443,274 487 1,074,578
At 31 December 2022 88,535 572,501 650 661,686

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 181,865 311,883
Other debtors 280 1,141
Tax 18,400 -
200,545 313,024

Amounts falling due after more than one year:
Uniwire International Limited - 430,541

Aggregate amounts 200,545 743,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,193 138,974
Tax - 99,796
Social security and other taxes 6,189 5,427
Pension creditor 737 873
VAT 47,390 94,797
Accrued expenses 5,608 4,608
86,117 344,475

7. RELATED PARTY DISCLOSURES

This company, which is a 100% subsidiary of Uniwire Holdings Limited, pays Uniwire Holdings Limited rent of £6,500/month (2022: £6,500/month). This year they paid them £78,000 (2022: £78,000). At the balance sheet date, included in debtors is an amount of £448 owed by Uniwire Holdings, the parent company.
During the year, the company paid a dividend of £110,674 to Uniwire Holdings Ltd.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Farmer.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
UNIWIRE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Uniwire Ltd for the year ended 31 December 2023 which comprise the Income statement, Statement of financial position, Statement of changes in equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Uniwire Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Uniwire Ltd and state those matters that we have agreed to state to the Board of Directors of Uniwire Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Uniwire Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Uniwire Ltd 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 loss of Uniwire Ltd. You consider that Uniwire Ltd 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 Uniwire Ltd. 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.






Mitchell Glanville Limited
Chartered Accountants
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................