Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-31false2021-02-01No description of principal activityfalse00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07929525 2021-02-01 2022-01-31 07929525 2020-02-01 2021-01-31 07929525 2022-01-31 07929525 2021-01-31 07929525 c:Director3 2021-02-01 2022-01-31 07929525 d:OfficeEquipment 2021-02-01 2022-01-31 07929525 d:OfficeEquipment 2022-01-31 07929525 d:OfficeEquipment 2021-01-31 07929525 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07929525 d:CurrentFinancialInstruments 2022-01-31 07929525 d:CurrentFinancialInstruments 2021-01-31 07929525 c:FRS102 2021-02-01 2022-01-31 07929525 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 07929525 c:FullAccounts 2021-02-01 2022-01-31 07929525 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure

Registered number: 07929525










WILSCO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2022

 
WILSCO LIMITED
REGISTERED NUMBER: 07929525

BALANCE SHEET
AS AT 31 JANUARY 2022

2022
2021
£
£


Fixed assets
388
485

Current assets
18,790
24,895

Creditors: amounts falling due within one year
(720)
(6,600)

Net current assets
 
 
18,070
 
 
18,295

Total assets less current liabilities
18,458
18,780


Net assets
18,458
18,780



Capital and reserves
18,458
18,780


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2022.




Mr S P Wilson
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
WILSCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1.


General information

Wilsco Limited is a Private Company limited by shares which was incorporated in England and Wales. 
The address of the registered office is:
2 Michaels Court, Hanney Road, Southmoor, Oxfordshire, OX13 5HR.
The principal activity of the company is the selling of plant and equipment and construction services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 2

 
WILSCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
WILSCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

3.


Taxation


2022
2021
£
£



Total current tax
-
-

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
-
-

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2021 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 4

 
WILSCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2021
607



At 31 January 2022

607



Depreciation


At 1 February 2021
121


Charge for the year on owned assets
97



At 31 January 2022

218



Net book value



At 31 January 2022
389



At 31 January 2021
485


5.


Debtors

2022
2021
£
£


Other debtors
15,479
22,581

15,479
22,581



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
3,311
2,023

3,311
2,023


Page 5

 
WILSCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
-
2,873

Other taxation and social security
-
3,007

Accruals and deferred income
720
720

720
6,600


 
Page 6