Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The principal activity of the Company continued to be that of specialised wholesale.2024-01-01false98falsetruefalse 10140654 2024-01-01 2024-12-31 10140654 2023-01-01 2023-12-31 10140654 2024-12-31 10140654 2023-12-31 10140654 2023-01-01 10140654 c:Director1 2024-01-01 2024-12-31 10140654 d:PlantMachinery 2024-01-01 2024-12-31 10140654 d:PlantMachinery 2024-12-31 10140654 d:PlantMachinery 2023-12-31 10140654 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10140654 d:MotorVehicles 2024-01-01 2024-12-31 10140654 d:MotorVehicles 2024-12-31 10140654 d:MotorVehicles 2023-12-31 10140654 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10140654 d:OfficeEquipment 2024-01-01 2024-12-31 10140654 d:OfficeEquipment 2024-12-31 10140654 d:OfficeEquipment 2023-12-31 10140654 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10140654 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10140654 d:CurrentFinancialInstruments 2024-12-31 10140654 d:CurrentFinancialInstruments 2023-12-31 10140654 d:Non-currentFinancialInstruments 2024-12-31 10140654 d:Non-currentFinancialInstruments 2023-12-31 10140654 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10140654 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10140654 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10140654 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10140654 d:ShareCapital 2024-12-31 10140654 d:ShareCapital 2023-12-31 10140654 d:RetainedEarningsAccumulatedLosses 2024-12-31 10140654 d:RetainedEarningsAccumulatedLosses 2023-12-31 10140654 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 10140654 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10140654 d:OtherDeferredTax 2024-12-31 10140654 d:OtherDeferredTax 2023-12-31 10140654 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10140654 c:OrdinaryShareClass1 2024-12-31 10140654 c:OrdinaryShareClass1 2023-12-31 10140654 c:FRS102 2024-01-01 2024-12-31 10140654 c:Audited 2024-01-01 2024-12-31 10140654 c:FullAccounts 2024-01-01 2024-12-31 10140654 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10140654 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10140654 2 2024-01-01 2024-12-31 10140654 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10140654









WYRESIDE PRODUCTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
WYRESIDE PRODUCTS LIMITED
REGISTERED NUMBER: 10140654

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 5 
47,414
57,394

  
47,414
57,394

CURRENT ASSETS
  

Stocks
  
933,616
575,269

Debtors: amounts falling due within one year
 6 
1,697,387
1,176,521

Cash at bank and in hand
  
706,824
1,064,024

  
3,337,827
2,815,814

Creditors: amounts falling due within one year
 7 
(1,544,928)
(2,501,572)

NET CURRENT ASSETS
  
 
 
1,792,899
 
 
314,242

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,840,313
371,636

Creditors: amounts falling due after more than one year
 8 
(2,129,856)
-

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(1,610)
(2,006)

NET (LIABILITIES)/ASSETS
  
(291,153)
369,630


CAPITAL AND RESERVES
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(291,154)
369,629

  
(291,153)
369,630


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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
WYRESIDE PRODUCTS LIMITED
REGISTERED NUMBER: 10140654
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 by: 




H A H M Janssen
Director

Date: 10 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WYRESIDE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Wyreside Products Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Business First Centre, Millennium Road, Preston, Lancashire, PR2 5BL.
The parent undertaking of the smallest group to consolidate these financial statements is Herbonis SA, a company limited by shares and incorporated in Switzerland, the Company's registed office is Rheinstrasse 30, CH-4302 Augst BL, Switzerland. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

TURNOVER

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company's activities. Turnover is shown net of value added tax, returns, rebates and discounts. Sale of goods are recognised when the Company has delivered the goods or provided the service to the customer.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
WYRESIDE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
WYRESIDE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.7
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
15%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

STOCKS

Stocks represent animal feed stocks held for resale and are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

DIVIDENDS

Equity dividends are recognised when they become legally payable.

Page 5

 
WYRESIDE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2023 - 8).


4.


DIVIDENDS

An interim dividend of £1,750,000 (2023 - £1,000,000) was paid during the current year.  Accordingly, the dividends paid in the year ended 31 December 2024 were not supported by relevant accounts and it is liable to be repaid to the Company.  The directors undertake to make no further distributions until such time as there are reserves available for the purpose. 


5.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 January 2024
7,087
73,000
6,272
86,359


Additions
-
-
1,951
1,951


Disposals
-
-
(5,032)
(5,032)



At 31 December 2024

7,087
73,000
3,191
83,278



DEPRECIATION


At 1 January 2024
3,839
20,482
4,644
28,965


Charge for the year on owned assets
1,772
8,711
1,372
11,855


Disposals
-
-
(4,956)
(4,956)



At 31 December 2024

5,611
29,193
1,060
35,864



NET BOOK VALUE



At 31 December 2024
1,476
43,807
2,131
47,414



At 31 December 2023
3,248
52,518
1,628
57,394

Page 6

 
WYRESIDE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
1,639,417
1,099,133

Other debtors
20,030
40,588

Prepayments and accrued income
37,940
36,800

1,697,387
1,176,521



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
232,450
202,268

Amounts owed to group undertakings
753,887
2,075,302

Corporation tax
236,164
142,940

Other taxation and social security
150,305
7,232

Other creditors
1,754
-

Accruals and deferred income
170,368
73,830

1,544,928
2,501,572


Other creditors includes liabilities of £1,754 (2023 - £NIL) payable to the Company's defined contribution pension scheme.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
2,129,856
-

2,129,856
-


Interest is charged on the intercompany loan at a rate of EURIBOR plus 6.75% per annum and is due for repayment in April 2034.

Page 7

 
WYRESIDE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
2,006
3,208


(Credited)/charged to profit or loss
(396)
(1,202)



AT END OF YEAR
1,610
2,006

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,858
2,159

Short term timing differences
(248)
(153)

1,610
2,006


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1



11.OTHER FINANCIAL COMMITMENTS

Other financial commitments that are not included in the balance sheet amount to £22,718 (2023 - £NIL).


12.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 10 April 2025 by Edward Napper (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 8