IRIS Accounts Production v24.3.2.46 12766872 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127668722023-12-31127668722024-12-31127668722024-01-012024-12-31127668722022-06-30127668722022-07-012023-12-31127668722023-12-3112766872ns15:EnglandWales2024-01-012024-12-3112766872ns14:PoundSterling2024-01-012024-12-3112766872ns10:Director12024-01-012024-12-3112766872ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112766872ns10:SmallEntities2024-01-012024-12-3112766872ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112766872ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112766872ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112766872ns10:FullAccounts2024-01-012024-12-3112766872ns10:OrdinaryShareClass12024-01-012024-12-3112766872ns10:Director22024-01-012024-12-3112766872ns10:CompanySecretary12024-01-012024-12-3112766872ns10:RegisteredOffice2024-01-012024-12-3112766872ns5:CurrentFinancialInstruments2024-12-3112766872ns5:CurrentFinancialInstruments2023-12-3112766872ns5:Non-currentFinancialInstruments2024-12-3112766872ns5:Non-currentFinancialInstruments2023-12-3112766872ns5:ShareCapital2024-12-3112766872ns5:ShareCapital2023-12-3112766872ns5:RetainedEarningsAccumulatedLosses2024-12-3112766872ns5:RetainedEarningsAccumulatedLosses2023-12-3112766872ns5:MotorVehicles2023-12-3112766872ns5:ComputerEquipment2023-12-3112766872ns5:MotorVehicles2024-01-012024-12-3112766872ns5:ComputerEquipment2024-01-012024-12-3112766872ns5:MotorVehicles2024-12-3112766872ns5:ComputerEquipment2024-12-3112766872ns5:MotorVehicles2023-12-3112766872ns5:ComputerEquipment2023-12-3112766872ns5:CostValuation2023-12-3112766872ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112766872ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112766872ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3112766872ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3112766872ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3112766872ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3112766872ns5:HirePurchaseContracts2024-12-3112766872ns5:HirePurchaseContracts2023-12-3112766872ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 12766872 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WOLF UK HOLDINGS LIMITED

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLF UK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr R S Baul
Mr A M Joyce



SECRETARY: Mr R S Baul



REGISTERED OFFICE: 12 Victoria Road
Barnsley
United Kingdom
S70 2BB



REGISTERED NUMBER: 12766872 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Arbuthnot Latham & Co
Arbuthnot House
7 Wilson Street
London
EC2M 2SN

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,781 82,322
Investments 5 1,000 1,000
68,781 83,322

CURRENT ASSETS
Debtors 6 495,982 342,058
Cash at bank and in hand 205,655 170,440
701,637 512,498
CREDITORS
Amounts falling due within one year 7 450,305 221,597
NET CURRENT ASSETS 251,332 290,901
TOTAL ASSETS LESS CURRENT LIABILITIES 320,113 374,223

CREDITORS
Amounts falling due after more than
one year

8

(49,809

)

(61,677

)

PROVISIONS FOR LIABILITIES (16,945 ) (20,581 )
NET ASSETS 253,359 291,965

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Retained earnings 251,359 289,965
SHAREHOLDERS' FUNDS 253,359 291,965

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

BALANCE SHEET - continued
31 DECEMBER 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 7 April 2025 and were signed on its behalf by:





Mr R S Baul - Director


WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Wolf UK Holdings 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Preparation of consolidated financial statements
The financial statements contain information about Wolf UK Holdings Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT.

Management charge income is recognised as the company's right to receive payment is established.

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment20% Reducing balance
Motor vehicles20% Reducing balance

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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 87,500 1,042 88,542
Additions - 2,072 2,072
At 31 December 2024 87,500 3,114 90,614
DEPRECIATION
At 1 January 2024 6,130 90 6,220
Charge for year 16,274 339 16,613
At 31 December 2024 22,404 429 22,833
NET BOOK VALUE
At 31 December 2024 65,096 2,685 67,781
At 31 December 2023 81,370 952 82,322

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1,000
NET BOOK VALUE
At 31 December 2024 1,000
At 31 December 2023 1,000

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 3,688 -
Amounts owed by group undertakings - 164,279
Other loans 300,000 -
Prepayments and accrued income 48,822 15,985
352,510 180,264

Amounts falling due after more than one year:
Amounts owed by group undertakings 143,472 161,794

Aggregate amounts 495,982 342,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 11,867 11,867
Trade creditors 100,945 100,133
Amounts owed to group undertakings 155,493 -
Corporation tax 23,527 4,150
Social security and other taxes 19,741 21,778
VAT 37,066 33,591
Other creditors 2,795 257
Directors' current accounts 88,871 48,071
Accruals and deferred income 10,000 1,750
450,305 221,597

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 49,809 61,677

WOLF UK HOLDINGS LIMITED (REGISTERED NUMBER: 12766872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 11,867 11,867
Between one and five years 49,809 61,677
61,676 73,544

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2,000 Ordinary £1 2,000 2,000

11. OTHER FINANCIAL COMMITMENTS

The company has provided a composite guarantee to secure the banking liabilities of its subsidiary, Wolf Components Limited. As at 31 December 2024, no amounts have been called under this guarantee.