REGISTERED NUMBER: 11793224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WIRE AND CABLE SUPPLIES LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

35,480

34,678

Current assets

Stocks

521,000

461,000

Debtors

5

448,859

497,289

Cash at bank

9,353

7,504

979,212

965,793

Creditors

Amounts falling due within one year

6

758,547

898,146

Net current assets

220,665

67,647

Total assets less current liabilities

256,145

102,325

Creditors

Amounts falling due after more than one year

7

(4,898

)

(15,538

)

Provisions for liabilities

9

(8,006

)

(5,932

)

Net assets

243,241

80,855

Capital and reserves

Called up share capital

10

100

100

Retained earnings

243,141

80,755

Shareholders' funds

243,241

80,855

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr J C Jocham - Director

1.	Statutory information

Wire and Cable Supplies Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11793224. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Unit 16 WestOne, Weston Gateway Business Park, Filers Way, Weston-super-Mare, Somerset, BS24 7JP.

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 represents income received from the distribution of wires and cabling net of VAT and trade discounts.

Tangible fixed assets

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

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account 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

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 January 2024

3,458

21,119

8,044

Additions

-

11,205

273

At 31 December 2024

3,458

32,324

8,317

Depreciation

At 1 January 2024

-

11,245

5,602

Charge for year

-

5,270

679

At 31 December 2024

-

16,515

6,281

Net book value

At 31 December 2024

3,458

15,809

2,036

At 31 December 2023

3,458

9,874

2,442

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2024

35,000

9,576

77,197

Additions

-

-

11,478

At 31 December 2024

35,000

9,576

88,675

Depreciation

At 1 January 2024

20,234

5,438

42,519

Charge for year

3,692

1,035

10,676

At 31 December 2024

23,926

6,473

53,195

Net book value

At 31 December 2024

11,074

3,103

35,480

At 31 December 2023

14,766

4,138

34,678

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

436,638

492,928

Prepayments

12,221

4,361

448,859

497,289

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

11,445

10,440

Trade creditors

299,855

353,115

Tax

78,782

42,059

Social security and other taxes

9,077

5,515

Pension

846

436

VAT

50,264

47,149

Other creditors

303,751

401,773

Directors' current accounts

177

32,534

Accruals and deferred income

4,350

5,125

758,547

898,146

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

4,898

10,877

Bank loans - 2-5 years

-

4,661

4,898

15,538

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Novuna

303,751

401,773

All monies owing to NatWest PLC are secured against all the assets of the company, by way of a legal charge dated 7 November 2019.

All monies owing to Mitsubishi Hc Capital UK PLC are secured against all the assets of the company, by way of a legal charge dated 2 February 2023.

9.	Provisions for liabilities

2024

2023

£

£

Deferred tax

8,006

5,932

Deferred

tax

£

Balance at 1 January 2024

5,932

Provided during year

2,074

Balance at 31 December 2024

8,006

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	Ultimate controlling party

The company is controlled by the two Directors, Mr J Jocham and Mr D Steele, who own 50% of the issued share capital each.