Wire-Free Protection Ltd


Directors	Mrs Melanie Ann Field
	Mr Paul Terence Field
	Mr Scott Lindsay Wright


Company Secretary	Mrs Melanie Ann Field


Registered Address	Unit 8 Oaklands Farm Estate
	Goatsmoor Lane
	Stock
	CM4 9RS


Registered Number	04974160 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		51,398		39,918
			51,398		39,918
Current assets
Stocks	4	18,072		33,824
Debtors	5	353,700		404,830
Cash at bank and on hand		173,887		217,629
		545,659		656,283
Creditors amounts falling due within one year	6	(419,750)		(550,929)
Net current assets (liabilities)			125,909		105,354
Total assets less current liabilities			177,307		145,272
Creditors amounts falling due after one year	7		(19,872)		(42,500)
Provisions for liabilities	9		(11,931)		(6,842)
Net assets			145,504		95,930
Capital and reserves
Profit and loss account			145,504		95,930
Shareholders' funds			145,504		95,930

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

Mr Paul Terence Field
Director
Registered Company No. 04974160

Wire-Free Protection Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Computer Equipment: 3 year SLM All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

Computer Equipment: 3 year SLM
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	4
Fixtures and fittings	-	4
Vehicles	25	-
Office Equipment	-	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	20		19

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	6,453	73,515	2,370	13,640	95,978
Additions	-	38,000	-	-	38,000
Disposals	-	(13,850)	-	-	(13,850)
At 31 December 24	6,453	97,665	2,370	13,640	120,128
Depreciation and impairment
At 01 January 24	3,334	43,054	1,139	8,533	56,060
Charge for year	802	12,673	477	2,469	16,421
On disposals	-	(3,751)	-	-	(3,751)
At 31 December 24	4,136	51,976	1,616	11,002	68,730
Net book value
At 31 December 24	2,317	45,689	754	2,638	51,398
At 31 December 23	3,119	30,461	1,231	5,107	39,918

4.	Stocks

	2024	2023
	£	£
Finished goods	18,072	33,824
Total	18,072	33,824

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	316,232	323,361
Other debtors	3,013	60,515
Prepayments and accrued income	34,455	20,954
Total	353,700	404,830

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	191,067	221,832
Bank borrowings and overdrafts	30,000	36,224
Taxation and social security	67,278	103,586
Finance lease and HP contracts	18,629	10,339
Other creditors	86,496	167,210
Accrued liabilities and deferred income	26,280	11,738
Total	419,750	550,929

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	12,500	42,500
Other creditors	7,372	-
Total	19,872	42,500

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	26,001		10,339

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	11,931	6,842
Total	11,931	6,842

10.	Directors advances, credits and guarantees
	During the year the following advances and credits were made to directors, advances £1,004 (2023: £13,773) , credits £10,600 (2024: £3,000), year end balance £919 (2024: £10,516) .