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Registration number: 06363368

Booth Wire Products Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Booth Wire Products Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

Booth Wire Products Ltd

(Registration number: 06363368)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

41,202

280,496

Cash at bank and in hand

 

2,811

4,433

 

44,013

284,929

Creditors: Amounts falling due within one year

5

(6,913)

(92,969)

Total assets less current liabilities

 

37,100

191,960

Creditors: Amounts falling due after more than one year

5

(34,273)

(39,829)

Net assets

 

2,827

152,131

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

2,825

152,129

Total equity

 

2,827

152,131

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
Mr Wesley Michael Spencer Dance
Director

 

Booth Wire Products Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Craven & Co Limited
Craven House
Manse Lane
Knaresborough
North Yorkshire
HG5 8ET

These financial statements were authorised for issue by the director on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 2 (2022 - 2).

 

Booth Wire Products Ltd

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

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

5,018

53,719

Amounts owed by related parties

6

30,433

221,245

Other debtors

 

5,751

5,532

   

41,202

280,496

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Bank loans and overdrafts

5,390

12,435

Trade creditors

-

1,827

Amounts owed to group undertakings

-

32,171

Taxation and social security

-

8,889

Accruals and deferred income

1,524

37,636

Other creditors

(1)

11

6,913

92,969

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

34,273

39,829

6

Related party transactions

Summary of transactions with parent

CBB Group Ltd
 (Parent company)
  Booth Wire Products Ltd is a 100% subsidiary of CBB Group Ltd.
There were no disclosable transactions during the year. At the balance sheet date the amount due to / (from) CBB Limited was £Nil.

Summary of transactions with associates

Craven & Co Limited
 During the year Craven & Co Limited made Sales of £28,568 (2022 -£255,370) to Booth Wire Products Ltd and made purchase of £Nil (2022 - £7,164) from Craven & Co Limited.. At the balance sheet date the amount due from Craven & Co Ltd was £176,945 (2022 - £171,811).