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REGISTERED NUMBER: 11715633 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Wireprep Ltd

Wireprep Ltd (Registered number: 11715633)






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 4


Wireprep Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G R Colton





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 11715633 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Wireprep Ltd (Registered number: 11715633)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 33,379 24,274

CURRENT ASSETS
Stocks 44,031 17,031
Debtors 6 18,884 29,038
Cash at bank 10,982 32,235
73,897 78,304
CREDITORS
Amounts falling due within one year 7 24,493 37,596
NET CURRENT ASSETS 49,404 40,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,783

64,982

CREDITORS
Amounts falling due after more than one year 8 (5,250 ) -

PROVISIONS FOR LIABILITIES (5,672 ) (4,612 )
NET ASSETS 71,861 60,370

CAPITAL AND RESERVES
Called up share capital 100 100
Allotted, called up and fully
paid share capital 71,761 60,270
SHAREHOLDERS' FUNDS 71,861 60,370

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 director acknowledges his 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.

Wireprep Ltd (Registered number: 11715633)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





G R Colton - Director


Wireprep Ltd (Registered number: 11715633)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wireprep 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 20% on cost
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

Wireprep Ltd (Registered number: 11715633)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 39,875 12,750 52,625
Additions 10,632 16,500 27,132
Disposals - (12,750 ) (12,750 )
At 31 December 2023 50,507 16,500 67,007
DEPRECIATION
At 1 January 2023 22,507 5,844 28,351
Charge for year 9,058 2,063 11,121
Eliminated on disposal - (5,844 ) (5,844 )
At 31 December 2023 31,565 2,063 33,628
NET BOOK VALUE
At 31 December 2023 18,942 14,437 33,379
At 31 December 2022 17,368 6,906 24,274

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,089 27,569
Amounts recoverable on contracts 750 1,125
Other debtors 79 79
Prepayments 966 265
18,884 29,038

Wireprep Ltd (Registered number: 11715633)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 3,000 -
Trade creditors 3,197 2,044
Tax 4,684 8,993
Social security and other taxes 2,366 1,083
VAT 7,373 10,504
Other creditors 306 115
Directors' current accounts 2,757 14,047
Accrued expenses 810 810
24,493 37,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,250 -