Wolfex Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2

Registered number: 12956426

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks		469,837		467,357
Cash at bank and in hand		999		2,765

		470,836		470,122
Creditors: Amounts Falling Due Within One Year		(507,655 )		(500,469 )

NET CURRENT ASSETS (LIABILITIES)			(36,819 )		(30,347 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(36,819 )		(30,347 )

NET LIABILITIES			(36,819 )		(30,347 )

CAPITAL AND RESERVES
Called up share capital	4		100		100
Profit and Loss Account			(36,919 )		(30,447 )

SHAREHOLDERS' FUNDS			(36,819)		(30,347)

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 October 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 31 July 2026 and were signed on its behalf by:

Mr James Young

Director

The notes on page 2 form part of these financial statements.

1. General Information

Wolfex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12956426 . The registered office is Unit 3 Old Park Farm, Letheringham, IP13 0LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Despite having negative net assets, the directors believe there is no concern regarding the company’s ability to continue as a going concern, as its financial needs are fully supported by associated companies.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and

assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of

the revision and future periods where the revision affects both current and future periods.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At each reporting date, an assessment is made for impairment. Any exess of the carrying amount of stocks over its

estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of

impairment losses are also recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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