REGISTERED NUMBER: 04583587

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Reyton Wire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E J K Gilchrist

REGISTERED OFFICE:

3 Grove Road

Wrexham

LL11 1DY

REGISTERED NUMBER:

04583587

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

4

363

486

CURRENT ASSETS

Stocks

501,563

555,803

Debtors

5

487,428

611,392

Cash at bank and in hand

14,938

14,700

1,003,929

1,181,895

CREDITORS

Amounts falling due within one year

6

909,411

1,085,808

NET CURRENT ASSETS

94,518

96,087

TOTAL ASSETS LESS CURRENT LIABILITIES

94,881

96,573

CREDITORS

Amounts falling due after more than one year

7

5,000

15,000

NET ASSETS

89,881

81,573

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

89,681

81,373

89,881

81,573

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 director acknowledges his 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 director and authorised for issue on 16 September 2025 and were signed by:

E J K Gilchrist - Director

1.	STATUTORY INFORMATION

Reyton Wire 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 Company information page.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Trade debtors and trade creditors are classified as financial instruments.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets 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 income statement.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

15,884

10,033

7,681

33,598

DEPRECIATION

At 1 January 2024

15,417

10,032

7,663

33,112

Charge for year

117

-

6

123

At 31 December 2024

15,534

10,032

7,669

33,235

NET BOOK VALUE

At 31 December 2024

350

1

12

363

At 31 December 2023

467

1

18

486

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

480,838

603,869

Prepayments

6,590

7,523

487,428

611,392

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

337,326

449,481

Tax

5,614

1,860

Social security and other taxes

92,827

114,590

Other Creditors

308,878

344,278

Directors' current accounts

136,123

139,956

Accrued expenses

18,643

25,643

909,411

1,085,808

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loan due 2-5 years

5,000

15,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other creditors

304,264

342,959

Secured by a fixed and floating charge over the assets of the company.

9.	RELATED PARTY DISCLOSURES

As at 31st December 2024, the company owed £136,123 (2023:£139,956) to director Mr E J K Gilchrist . Interest of £4,500 (2023: £5,833) has been charged to the company in respect of this loan which is repayable on demand and is classified in creditors due within one year.