0 0 Ropes & Wire Ltd 13033003 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is the wholesale trade in ropes and wire. Digita Accounts Production Advanced 6.30.9574.0 true 13033003 2023-12-01 2024-11-30 13033003 2024-11-30 13033003 core:CurrentFinancialInstruments 2024-11-30 13033003 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 13033003 core:OtherResidualIntangibleAssets 2024-11-30 13033003 bus:SmallEntities 2023-12-01 2024-11-30 13033003 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13033003 bus:FilletedAccounts 2023-12-01 2024-11-30 13033003 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13033003 bus:RegisteredOffice 2023-12-01 2024-11-30 13033003 bus:Director1 2023-12-01 2024-11-30 13033003 bus:Director2 2023-12-01 2024-11-30 13033003 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13033003 bus:Agent1 2023-12-01 2024-11-30 13033003 core:IntangibleAssetsOtherThanGoodwill 2023-12-01 2024-11-30 13033003 core:OtherResidualIntangibleAssets 2023-12-01 2024-11-30 13033003 countries:AllCountries 2023-12-01 2024-11-30 13033003 2023-11-30 13033003 core:OtherResidualIntangibleAssets 2023-11-30 13033003 2022-12-01 2023-11-30 13033003 2023-11-30 13033003 core:CurrentFinancialInstruments 2023-11-30 13033003 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13033003 core:OtherResidualIntangibleAssets 2023-11-30 xbrli:pure iso4217:GBP

Registration number: 13033003

Ropes & Wire Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Ropes & Wire Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Ropes & Wire Ltd

Company Information

Directors

Benjamin Carne

David Carne

Registered office

The Boathouse
Commercial Road
Penryn
Cornwall
TR10 8AE

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road
Falmouth Road
Falmouth
Cornwall
TR11 4QD

 

Ropes & Wire Ltd

(Registration number: 13033003)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

3,680

5,600

Current assets

 

Stocks

-

1,500

Debtors

5

876

665

Cash at bank and in hand

 

7,205

6,916

 

8,081

9,081

Creditors: Amounts falling due within one year

6

(10,722)

(12,358)

Net current liabilities

 

(2,641)

(3,277)

Net assets

 

1,039

2,323

Capital and reserves

 

Called up share capital

100

100

Retained earnings

939

2,223

Shareholders' funds

 

1,039

2,323

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Ropes & Wire Ltd

(Registration number: 13033003)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 

.........................................
Benjamin Carne
Director

 

Ropes & Wire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Boathouse
Commercial Road
Penryn
Cornwall
TR10 8AE
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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 returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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

 

Ropes & Wire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Ropes & Wire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 December 2023

9,600

9,600

At 30 November 2024

9,600

9,600

Amortisation

At 1 December 2023

4,000

4,000

Amortisation charge

1,920

1,920

At 30 November 2024

5,920

5,920

Carrying amount

At 30 November 2024

3,680

3,680

At 30 November 2023

5,600

5,600

5

Debtors

2024
£

2023
£

Prepayments

432

523

Other debtors

444

142

876

665

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

128

253

Taxation and social security

-

705

Accruals and deferred income

625

600

Other creditors

9,969

10,800

10,722

12,358