REGISTERED NUMBER: |
Photronics (Wales) Limited |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
REGISTERED NUMBER: |
Photronics (Wales) Limited |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
Photronics (Wales) Limited (Registered number: 01685977) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Photronics (Wales) Limited |
Company Information |
for the Year Ended 31 October 2023 |
Director: |
Registered office: |
Registered number: |
Photronics (Wales) Limited (Registered number: 01685977) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Notes | £ | £ |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 4 |
Other reserves |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds |
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. |
The financial statements were approved by the director and authorised for issue on |
Photronics (Wales) Limited (Registered number: 01685977) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | Statutory information |
Photronics (Wales) Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom law and accounting standards. |
Profit and loss account |
No profit or loss account is presented with these financial statements because the company has not received income, incurred expenditure or recognised any gains or losses during either the year under review or the preceding financial year. There have been no movements in shareholders' funds during the year under review or the preceding year. |
Information regarding directors and employees |
The company had no employees during the current or preceding year. |
The directors received no remuneration for their services to this company in either the current year or the preceding year. The directors are also directors of the ultimate parent company, Photronics Inc. The majority of the directors' activities relate to services carried out in relation to Photronics Inc. and other group companies. Therefore the directors deem it appropriate not to directly allocate any of their costs to the profit and loss account of this company. |
Related party transactions |
The cost of the annual return fee was borne by the company's parent company without any right of reimbursement. |
Immediate and ultimate parent companies |
In the opinion of the directors, the immediate parent company is Align-Rite International Limited, a company incorporated in Great Britain and the ultimate parent company and controlling party is Photronics, Inc., a company registered in the United States of America. |
Copies of the group financial statements of Photronics Inc. are available from 15 Secor Road, Brookfield, Connecticut, USA 06804. Photronics Inc. is the largest group into which the results of Photronics (Wales) Limited are consolidated. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary Shares | £1 | 1,954,850 | 1,954,850 |
"A" Ordinary Share | £1 | 1 | 1 |
1,954,851 | 1,954,851 |