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REGISTERED NUMBER: 04583587















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REYTON WIRE LIMITED

REYTON WIRE LIMITED (REGISTERED NUMBER: 04583587)






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


REYTON WIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: E J K Gilchrist





REGISTERED OFFICE: 3 Grove Road
Wrexham
LL11 1DY





REGISTERED NUMBER: 04583587





ACCOUNTANTS: Guy Walmsley Limited
Chartered Accountants
3 Grove Road
Wrexham
LL11 1DY

REYTON WIRE LIMITED (REGISTERED NUMBER: 04583587)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 486 651

CURRENT ASSETS
Stocks 555,803 503,506
Debtors 5 611,392 827,809
Cash at bank and in hand 14,700 8,793
1,181,895 1,340,108
CREDITORS
Amounts falling due within one year 6 1,085,808 1,227,665
NET CURRENT ASSETS 96,087 112,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,573

113,094

CREDITORS
Amounts falling due after more than one
year

7

15,000

25,000
NET ASSETS 81,573 88,094

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 81,373 87,894
SHAREHOLDERS' FUNDS 81,573 88,094

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.

REYTON WIRE LIMITED (REGISTERED NUMBER: 04583587)

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 director and authorised for issue on 12 September 2024 and were signed by:





E J K Gilchrist - Director


REYTON WIRE LIMITED (REGISTERED NUMBER: 04583587)

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

1. STATUTORY INFORMATION

Reyton Wire 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 Company information page.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.

Financial instruments
Trade debtors and trade creditors are classified as financial instruments.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

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.


REYTON WIRE LIMITED (REGISTERED NUMBER: 04583587)

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

2. ACCOUNTING POLICIES - continued
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.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 15,884 10,033 7,681 33,598
DEPRECIATION
At 1 January 2023 15,261 10,032 7,654 32,947
Charge for year 156 - 9 165
At 31 December 2023 15,417 10,032 7,663 33,112
NET BOOK VALUE
At 31 December 2023 467 1 18 486
At 31 December 2022 623 1 27 651

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 603,869 820,924
Prepayments 7,523 6,885
611,392 827,809

REYTON WIRE LIMITED (REGISTERED NUMBER: 04583587)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 449,481 798,255
Tax 1,860 4,970
Social security and other taxes 114,590 147,137
Other Creditors 344,278 238,696
Directors' current accounts 139,956 24,956
Accrued expenses 25,643 3,651
1,085,808 1,227,665

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loan due 2-5 years 15,000 25,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other creditors 342,959 237,490

Secured by a fixed and floating charge over the assets of the company.

9. RELATED PARTY DISCLOSURES

As at 31st December 2023, the company owed £139,956 (2022:£24,596) to director Mr E J K Gilchrist . No interest has been charged to the company in respect of this loan which is repayable on demand and is classified in creditors due within one year.