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REGISTERED NUMBER: 04110660 (England and Wales)















WIRE 63 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIRE 63 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A Cumming
Mrs J E Cumming





SECRETARY: A Cumming





REGISTERED OFFICE: The Old Rectory
Woodleigh
Kingsbridge
Devon
TQ7 4DG





REGISTERED NUMBER: 04110660 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 865,041 871,397
Investments 5 144,167 144,167
1,009,208 1,015,564

CURRENT ASSETS
Debtors 6 12,623 42,327
Cash at bank 604,331 715,252
616,954 757,579
CREDITORS
Amounts falling due within one year 7 93,674 82,152
NET CURRENT ASSETS 523,280 675,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,532,488

1,690,991

CREDITORS
Amounts falling due after more than one
year

8

(290,522

)

-

PROVISIONS FOR LIABILITIES 10 (139,435 ) (140,578 )
NET ASSETS 1,102,531 1,550,413

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Fair value reserve 12 304,020 305,596
Retained earnings 12 796,511 1,242,817
SHAREHOLDERS' FUNDS 1,102,531 1,550,413

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.

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





A Cumming - Director


WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Wire 63 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 4 (2023 - 5 ) .

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,004,076 10,057 1,014,133
DEPRECIATION
At 1 May 2023 133,393 9,343 142,736
Charge for year 5,999 357 6,356
At 30 April 2024 139,392 9,700 149,092
NET BOOK VALUE
At 30 April 2024 864,684 357 865,041
At 30 April 2023 870,683 714 871,397

The leasehold property was valued at transition at a fair value by the directors using zoopla and yourmove for reference.

5. FIXED ASSET INVESTMENTS

30.4.24 30.4.23
£    £   
Shares in group undertakings 49 49
Loans to group undertakings 144,118 144,118
144,167 144,167

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 49
NET BOOK VALUE
At 30 April 2024 49
At 30 April 2023 49

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. FIXED ASSET INVESTMENTS - continued
Loans to
group
undertakings
£   
At 1 May 2023
and 30 April 2024 144,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
VAT 881 2,920
Prepayments and accrued income 11,742 39,407
12,623 42,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans 7,765 -
Trade creditors 8,727 6,702
Corporation tax 60,561 66,850
Social security and other taxes 1,031 1,663
Pension payable 101 -
Directors' current accounts 8,568 437
Accrued expenses 6,921 6,500
93,674 82,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other loans more 5yrs instal 290,522 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 290,522 -

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 298,287 -

Charge Dated 09/10/2023 over the company property, Flat 5, 3 Berners Street, London, in favour of Aldermore Bank PLC.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 139,435 140,578

Deferred
tax
£   
Balance at 1 May 2023 140,578
Credit to Income Statement during year (1,143 )
Accelerated capital allowances
Balance at 30 April 2024 139,435

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
2,000 2,000

Dividends: All classes of shares are only entitled to such dividends as may be specifically declared by the Board of Directors on each class of share.

Voting Rights: Only "A" Ordinary shares have full voting rights. "B" Ordinary shares have rights to vote only on resolutions directly affecting the rights of their shares.

Winding Up: Only "A" Ordinary shares have full rights to participate in a capital distribution on winding up. "B" Ordinary shares are only entitled to repayment of capital at par.

WIRE 63 LIMITED (REGISTERED NUMBER: 04110660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 1,242,817 305,596 1,548,413
Profit for the year 177,118 177,118
Dividends (625,000 ) (625,000 )
Movement in year 1,576 (1,576 ) -
At 30 April 2024 796,511 304,020 1,100,531

13. RELATED PARTY DISCLOSURES

The company is under the control of Mr & Mrs Cumming. Mr A Cumming is the managing director.