WIREBLOOM LTD

• ⚠

  Material uncertainty over going concern

  The shareholder is currently in the process of completing sale of the Company by way of share transfer ensuring that all liabilities and other debts will be fully transferred. At the signing date, the formal process of sale is in progress and is expected to complete within next 12 months. Once this exercise is complete, the management expects the residual value left in the shareholders funds will be fully transferred to the buyer in an orderly manner. At this stage, the Company is expected to cease trading, Accordingly, the Directors have decided to prepare the financial statements on a basis other than that of a going concern.

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -99.7%

  £1,541 → £4

• Net assets

  +99%

  £209,300 → £416,484

• Employees

  -100%

  1 → 0

• Operating profit

  +86.6%

  -£76,155 → -£10,226

• Profit before tax

  +86.6%

  -£76,155 → -£10,226

• Wages

  -53.8%

  £53,401 → £24,693

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. WIREBLOOM LTD 2019-02-25 → present
2. SYSTEM MERCHANTS UK LTD 2017-05-15 → 2019-02-25

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The shareholder is currently in the process of completing sale of the Company by way of share transfer ensuring that all liabilities and other debts will be fully transferred. At the signing date, the formal process of sale is in progress and is expected to complete within next 12 months. Once this exercise is complete, the management expects the residual value left in the shareholders funds will be fully transferred to the buyer in an orderly manner. At this stage, the Company is expected to cease trading, Accordingly, the Directors have decided to prepare the financial statements on a basis other than that of a going concern.”

Significant events

• “During the financial year, the Company received a capital contribution of 250,000 from its shareholder, strengthening the financial position of the business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.