WRG STEEL PARTITIONING LIMITED

Company Registration Number:
07872642 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

WRG STEEL PARTITIONING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

WRG STEEL PARTITIONING LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 16,257 16,146
Total fixed assets: 16,257 16,146
Current assets
Stocks: 178,142 184,510
Debtors: 4 2,338,549 480,394
Cash at bank and in hand: 276,637 947,486
Total current assets: 2,793,328 1,612,390
Creditors: amounts falling due within one year:   (1,231,905) (556,210)
Net current assets (liabilities): 1,561,423 1,056,180
Total assets less current liabilities: 1,577,680 1,072,326
Creditors: amounts falling due after more than one year: 5 (276,680)
Total net assets (liabilities): 1,301,000 1,072,326
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,300,900 1,072,226
Shareholders funds: 1,301,000 1,072,326

The notes form part of these financial statements

WRG STEEL PARTITIONING LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 August 2024
and signed on behalf of the board by:

Name: S D Fryer
Status: Director

The notes form part of these financial statements

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant & machinery 25 to 33% on a reducing balance basis

Valuation and information policy

Inventories Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and a proportion of fixed and variable overheads where appropriate.

Other accounting policies

Operating leases: Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Deferred taxation: Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted. Financial instruments: Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 24 22

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 68,399
Additions 4,942
At 31 March 2024 73,341
Depreciation
At 01 April 2023 52,253
Charge for year 4,831
At 31 March 2024 57,084
Net book value
At 31 March 2024 16,257
At 31 March 2023 16,146

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 1,672,250 0

WRG STEEL PARTITIONING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

The bank loans, from ABN AMRO Group, are secured by a fixed and floating charge over all assets of the company and of its parent undertaking, Emby Manufacturing Limited. All amounts outstanding on the loans are repayable within 5 years.