Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2912023-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1falsetrue 12479027 2023-03-01 2024-02-29 12479027 2022-03-01 2023-02-28 12479027 2024-02-29 12479027 2023-02-28 12479027 c:Director1 2023-03-01 2024-02-29 12479027 d:CurrentFinancialInstruments 2024-02-29 12479027 d:CurrentFinancialInstruments 2023-02-28 12479027 d:Non-currentFinancialInstruments 2024-02-29 12479027 d:Non-currentFinancialInstruments 2023-02-28 12479027 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12479027 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12479027 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 12479027 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12479027 d:ShareCapital 2024-02-29 12479027 d:ShareCapital 2023-02-28 12479027 d:RetainedEarningsAccumulatedLosses 2024-02-29 12479027 d:RetainedEarningsAccumulatedLosses 2023-02-28 12479027 c:FRS102 2023-03-01 2024-02-29 12479027 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12479027 c:FullAccounts 2023-03-01 2024-02-29 12479027 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 12479027









WIRE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
WIRE HOLDINGS LIMITED
REGISTERED NUMBER: 12479027

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
14,875
14,875

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

Creditors: amounts falling due within one year
 6 
(9,798)
(7,218)

Net current liabilities
  
(9,797)
(7,217)

Total assets less current liabilities
  
5,078
7,658

Creditors: amounts falling due after more than one year
 7 
(16,740)
(16,254)

Net liabilities
  
(11,662)
(8,596)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(11,663)
(8,597)

  
(11,662)
(8,596)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.



................................................
Daniel Becker
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
WIRE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Wire Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12479027. The address of the registered office is Cedar House 73 Blanche Lane, South Mimms, Potters Bar, Hertfordshire, United Kingdom, EN6 3PA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least the next twelve months. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
WIRE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments








Investments in associates

£



Cost or valuation


At 1 March 2023
14,875



At 29 February 2024
14,875




The company acquired 17.5% of the share capital of Advancis Holdings Limited in the period ended February 2021.


5.


Debtors

2024
2023
£
£


Called up share capital not paid
1
1

1
1


Page 3

 
WIRE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
7,218
4,668

Accruals and deferred income
2,580
2,550

9,798
7,218



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
16,740
16,254

16,740
16,254


The loan is repayble in 4 years, with a yearly interest charged at 3%.


8.


Related party transactions

Included in other creditors falling due within one year at the balance sheet date is the amount owed to the director Daniel Becker of £7,218 (2023: £4,668). The director has confirmed that they will not seek repayment of these amounts if it would prevent the company meeting its liabilities as they fall due for a period of at least 12 months from the date of signing the accounts.

 
Page 4