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REGISTERED NUMBER: SC562949 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

WILKINSON COUTTS
ENGINEERING TRAINING LTD

WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILKINSON COUTTS
ENGINEERING TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: P Wilkinson
C A Coutts





REGISTERED OFFICE: Bluesky Building
Arnhall Business Park
Prospect Road
Westhill
Aberdeenshire
AB32 6FJ





REGISTERED NUMBER: SC562949 (Scotland)

WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 163 185
Tangible assets 6 133,562 100,858
133,725 101,043

CURRENT ASSETS
Debtors 7 342,746 146,328
Cash at bank 225,444 212,730
568,190 359,058
CREDITORS
Amounts falling due within one year 8 461,844 320,486
NET CURRENT ASSETS 106,346 38,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,071

139,615

CREDITORS
Amounts falling due after more than one
year

9

(19,533

)

(28,686

)

PROVISIONS FOR LIABILITIES (30,260 ) (22,120 )
NET ASSETS 190,278 88,809

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 190,276 88,807
SHAREHOLDERS' FUNDS 190,278 88,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)

BALANCE SHEET - continued
30 APRIL 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2023 and were signed on its behalf by:




P Wilkinson - Director



C A Coutts - Director


WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Wilkinson Coutts Engineering Training Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are 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.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trade marks are being amortised evenly over their estimated useful life of nil years.

Trade marks
Trade marks are amortised over 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 4% on cost


WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 220
AMORTISATION
At 1 May 2022 35
Charge for year 22
At 30 April 2023 57
NET BOOK VALUE
At 30 April 2023 163
At 30 April 2022 185

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 163,157
Additions 92,727
Disposals (44,569 )
At 30 April 2023 211,315
DEPRECIATION
At 1 May 2022 62,299
Charge for year 29,317
Eliminated on disposal (13,863 )
At 30 April 2023 77,753
NET BOOK VALUE
At 30 April 2023 133,562
At 30 April 2022 100,858

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,136 141,112
Other debtors 57,610 5,216
342,746 146,328

WILKINSON COUTTS
ENGINEERING TRAINING LTD (REGISTERED NUMBER: SC562949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,820 8,500
Trade creditors 7,215 4,158
Taxation and social security 145,257 79,718
Other creditors 300,552 228,110
461,844 320,486

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,533 28,686

10. PENSION COMMITMENTS

Included within Other creditors are outstanding pension contributions of £168 (2022 - £422).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, P Wilkinson and C Coutts by virtue of the fact that they own 100% of the issued share capital of the company.