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REGISTERED NUMBER: 03131682 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WENGLOR SENSORIC LIMITED

WENGLOR SENSORIC LIMITED (REGISTERED NUMBER: 03131682)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WENGLOR SENSORIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: F Baur
R Baur
J Mayo





REGISTERED OFFICE: Unit 2 Beechwood
Cherry Hall Road
Kettering Business Park
Kettering
Northamptonshire
NN14 1UE





REGISTERED NUMBER: 03131682 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

WENGLOR SENSORIC LIMITED (REGISTERED NUMBER: 03131682)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,794 28,848

CURRENT ASSETS
Debtors 5 720,180 701,617
Cash at bank and in hand 582,591 320,266
1,302,771 1,021,883
CREDITORS
Amounts falling due within one year 6 269,094 168,239
NET CURRENT ASSETS 1,033,677 853,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,471

882,492

CAPITAL AND RESERVES
Called up share capital 574,000 574,000
Retained earnings 483,471 308,492
SHAREHOLDERS' FUNDS 1,057,471 882,492

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.

WENGLOR SENSORIC LIMITED (REGISTERED NUMBER: 03131682)

BALANCE SHEET - continued
31 DECEMBER 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 July 2024 and were signed on its behalf by:




F Baur - Director



R Baur - Director


WENGLOR SENSORIC LIMITED (REGISTERED NUMBER: 03131682)

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


1. STATUTORY INFORMATION

Wenglor Sensoric 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 each asset over its estimated useful life.
Short leasehold - 2% on cost and Straight line over 20 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WENGLOR SENSORIC LIMITED (REGISTERED NUMBER: 03131682)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 20,571 77,631 17,216 115,418
Additions - - 1,215 1,215
At 31 December 2023 20,571 77,631 18,431 116,633
DEPRECIATION
At 1 January 2023 12,343 59,562 14,665 86,570
Charge for year 1,028 3,613 1,628 6,269
At 31 December 2023 13,371 63,175 16,293 92,839
NET BOOK VALUE
At 31 December 2023 7,200 14,456 2,138 23,794
At 31 December 2022 8,228 18,069 2,551 28,848

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 481,119 471,304
Other debtors 194,519 145,975
675,638 617,279

Amounts falling due after more than one year:
Other debtors 44,542 84,338

Aggregate amounts 720,180 701,617

WENGLOR SENSORIC LIMITED (REGISTERED NUMBER: 03131682)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 196,233 23,668
Taxation and social security 14,669 49,815
Other creditors 58,192 94,756
269,094 168,239

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 113,968 69,961
Between one and five years 131,903 133,864
245,871 203,825

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R Baur
Balance outstanding at start of year 61,844 80,079
Amounts advanced 8,911 9,939
Amounts repaid (28,586 ) (28,174 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,169 61,844

F Baur
Balance outstanding at start of year 61,844 80,079
Amounts advanced 8,911 9,939
Amounts repaid (28,586 ) (28,174 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,169 61,844

Of these balances, £39,796 (2022: £39,350) is included within other debtors and £44,542 (2022: £84,338) is included within other debtors due after more than one year. Interest is charged on the loan at 3.25%.