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Unaudited Financial Statements for the Year Ended 30 April 2024

for

Wyre Repairs Limited

Wyre Repairs Limited (Registered number: 01961598)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wyre Repairs Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I C White
L White





SECRETARY: Ms V Lightfoot





REGISTERED OFFICE: Unit J
Boyn Valley Industrial Estate
Boyn Valley Road
Maidenhead
Berkshire
SL6 4EJ





REGISTERED NUMBER: 01961598 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Wyre Repairs Limited (Registered number: 01961598)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 272 364

CURRENT ASSETS
Stocks 5 15,000 15,000
Debtors 6 150,809 109,419
Cash at bank and in hand 129,330 123,177
295,139 247,596
CREDITORS
Amounts falling due within one year 7 65,994 48,034
NET CURRENT ASSETS 229,145 199,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,417

199,926

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 229,317 199,826
SHAREHOLDERS' FUNDS 229,417 199,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 22 October 2024 and were signed on its behalf by:





L White - Director


Wyre Repairs Limited (Registered number: 01961598)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wyre Repairs 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.

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.

Improvements to leasehold property25% on reducing balance
Vans25% on reducing balance
Computer25% on reducing balance
Equipment25% 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.

Net realisable value is the price expected to be obtained if the goods are sold within the next twelve months.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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.

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 3 (2023 - 3 ) .

Wyre Repairs Limited (Registered number: 01961598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Building Office &
under sundry
construction Vans equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 700 24,614 2,906 28,220
DEPRECIATION
At 1 May 2023 700 24,388 2,768 27,856
Charge for year - 57 35 92
At 30 April 2024 700 24,445 2,803 27,948
NET BOOK VALUE
At 30 April 2024 - 169 103 272
At 30 April 2023 - 226 138 364

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 15,000 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 142,360 100,245
Other debtors - 725
Directors' current accounts 8,449 8,449
150,809 109,419

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 17,880 23,165
Tax 6,939 3
Social security and other taxes 246 2,181
VAT 36,050 14,345
Other creditors 779 -
Accrued expenses 4,100 8,340
65,994 48,034

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

Wyre Repairs Limited (Registered number: 01961598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RESERVES
Retained
earnings
£   

At 1 May 2023 199,826
Profit for the year 29,491
At 30 April 2024 229,317