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REGISTERED NUMBER: 01862764 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Wilby's Sales & Repairs Limited

Wilby's Sales & Repairs Limited (Registered number: 01862764)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wilby's Sales & Repairs Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J K Wilby
Mrs T A Wilby





SECRETARY: Mrs T A Wilby





REGISTERED OFFICE: West Street
Hibaldstow
Brigg
North Lincolnshire
DN20 9NY





REGISTERED NUMBER: 01862764 (England and Wales)





ACCOUNTANTS: Discount Accountancy Services
7 Purbeck Road
Scunthorpe
North Lincolnshire
DN17 1TY

Wilby's Sales & Repairs Limited (Registered number: 01862764)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,860 227,662

CURRENT ASSETS
Debtors 5 1,147 3,044
Cash at bank and in hand 22,281 36,167
23,428 39,211
CREDITORS
Amounts falling due within one year 6 179,141 215,654
NET CURRENT LIABILITIES (155,713 ) (176,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,147

51,219

CAPITAL AND RESERVES
Called up share capital 12,525 12,525
Retained earnings 59,622 38,694
SHAREHOLDERS' FUNDS 72,147 51,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 26 September 2023 and were signed on its behalf by:





Mrs T A Wilby - Director


Wilby's Sales & Repairs Limited (Registered number: 01862764)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Wilby's Sales & Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Wilby's Sales & Repairs Limited (Registered number: 01862764)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 226,512 212,033 438,545
Additions - 512 512
At 31 May 2023 226,512 212,545 439,057
DEPRECIATION
At 1 June 2022 - 210,883 210,883
Charge for year - 314 314
At 31 May 2023 - 211,197 211,197
NET BOOK VALUE
At 31 May 2023 226,512 1,348 227,860
At 31 May 2022 226,512 1,150 227,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 1,778
Other debtors 1,147 1,266
1,147 3,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 4,844 3,956
Other creditors 174,297 211,698
179,141 215,654