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Company Registration No. 08087435 (England and Wales)
Solvency II Wire Ltd Unaudited accounts for the year ended 31 March 2025
Solvency II Wire Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Solvency II Wire Ltd Company Information for the year ended 31 March 2025
Director
Mr Gidon Benari
Company Number
08087435 (England and Wales)
Registered Office
International House 64 Nile Street London N1 7SR United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Solvency II Wire Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,192
269
Current assets
Debtors
111,937
69,520
Cash at bank and in hand
40,487
9,227
152,424
78,747
Creditors: amounts falling due within one year
(177,467)
(165,304)
Net current liabilities
(25,043)
(86,557)
Total assets less current liabilities
(23,851)
(86,288)
Provisions for liabilities
Deferred tax
(262)
(51)
Net liabilities
(24,113)
(86,339)
Capital and reserves
Called up share capital
20
20
Profit and loss account
(24,133)
(86,359)
Shareholders' funds
(24,113)
(86,339)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2025 and were signed on its behalf by
Mr Gidon Benari Director Company Registration No. 08087435
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Solvency II Wire Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Solvency II Wire Ltd is a private company, limited by shares, registered in England and Wales, registration number 08087435. The registered office is International House, 64 Nile Street, London, N1 7SR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Solvency II Wire Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
5,570
Additions
1,788
Disposals
(1,412)
At 31 March 2025
5,946
Depreciation
At 1 April 2024
5,301
Charge for the year
865
On disposals
(1,412)
At 31 March 2025
4,754
Net book value
At 31 March 2025
1,192
At 31 March 2024
269
5
Loans to directors
Movements on directors' loan accounts represents timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed to the company by Mr G Benari totalled £26,400, a movement of £58,663 from £33,376 owed by the company at the beginning of the period. The loan was then repaid in full on 5th April 2025. Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
6
Transactions with related parties
Included within "debtors" in the accounts for Solvency II Wire Ltd is a loan to Wisteria Theatre Cluster Ltd. The amount outstanding as at 31st March 2025 was £2,800 (£2,800 in YE March 2024).
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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