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REGISTERED NUMBER: 14273378 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WIRE2BALE LIMITED

WIRE2BALE LIMITED (REGISTERED NUMBER: 14273378)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WIRE2BALE LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: B T E Smart
N Walton





REGISTERED OFFICE: Unit 70 Whitbrook Way
Stakehill Industrial Estate
Middleton
United Kingdom
M24 2SS





REGISTERED NUMBER: 14273378 (England and Wales)





AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WIRE2BALE LIMITED (REGISTERED NUMBER: 14273378)

STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 534,775 273,564
Cash at bank 40,880 94,499
575,655 368,063
CREDITORS
Amounts falling due within one year 5 410,744 284,195
NET CURRENT ASSETS 164,911 83,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,911

83,868

CREDITORS
Amounts falling due after more than one year 6 - 55,000
NET ASSETS 164,911 28,868

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164,811 28,768
164,911 28,868

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 28 November 2024 and were signed on its behalf by:





B T E Smart - Director


WIRE2BALE LIMITED (REGISTERED NUMBER: 14273378)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Wire2Bale 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

WIRE2BALE LIMITED (REGISTERED NUMBER: 14273378)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,181 57,026
Amounts owed by group undertakings 405,494 216,438
Other debtors 100 100
534,775 273,564

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 295,498 250,723
Amounts owed to group undertakings 1,000 -
Taxation and social security 32,722 33,472
Other creditors 81,524 -
410,744 284,195

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 55,000

7. SECURED DEBTS

There is a fixed and floating charge which covers all the property or undertaking of the company.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jane Dennis BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd

9. ULTIMATE CONTROLLING PARTY

The parent company is WICB Group Limited.

In the opinion of the directors, the ultimate controlling party is Mr Ben Smart, by means of his shareholding in the Ultimate Parent company, WICB Holdings Limited.