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REGISTERED NUMBER: 01685977 (England and Wales)















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: E Rivera





Registered office: 1 Technology Drive
Bridgend
South Wales
Mid Glamorgan
CF31 3LU





Registered number: 01685977 (England and Wales)

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 1,954,851 1,954,851
Other reserves 255,149 255,149
Retained earnings (2,210,000 ) (2,210,000 )
Shareholders' funds - -

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 31 October 2024 and were signed by:





E Rivera - Director


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 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
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: £    £   
1,954,850 Ordinary Shares £1 1,954,850 1,954,850
1 "A" Ordinary Share £1 1 1
1,954,851 1,954,851