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REGISTERED NUMBER: 03304241 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

M AND C WILKINSON LTD

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M AND C WILKINSON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M Wilkinson
M A Wilkinson





SECRETARY: M Wilkinson





REGISTERED OFFICE: Park Farm
Tethering Lane
Everton
Doncaster
South Yorkshire
DN10 5DR





REGISTERED NUMBER: 03304241 (England and Wales)

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 173,390 185,648

CURRENT ASSETS
Stocks 276,250 262,424
Debtors 6 59,037 63,234
Cash in hand 35 132
335,322 325,790
CREDITORS
Amounts falling due within one year 7 297,782 308,107
NET CURRENT ASSETS 37,540 17,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,930

203,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 210,830 203,231
SHAREHOLDERS' FUNDS 210,930 203,331

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

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

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

BALANCE SHEET - continued
31 JANUARY 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 26 October 2023 and were signed on its behalf by:




M Wilkinson - Director



M A Wilkinson - Director


M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

M and C Wilkinson Ltd 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. 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.

REVENUE
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable in respect od sales of motor parts and associated works, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 estimated residual value over their estimated useful lives, using the straight-line method and reducing balance method

Depreciation is provided on the following bases:
Land and buildings - 4% straight line
Plant and machinery - 15% straight line
Fixtures and fittings - 15% reducing balance
Computer equipment - 20% straight line
Motor vehicles - 25% - reducing balance

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 thee proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

STOCKS
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2022 205,232 25,679 67,584
Additions - 3,750 -
At 31 January 2023 205,232 29,429 67,584
DEPRECIATION
At 1 February 2022 52,034 14,674 51,948
Charge for year 8,209 3,912 2,345
At 31 January 2023 60,243 18,586 54,293
NET BOOK VALUE
At 31 January 2023 144,989 10,843 13,291
At 31 January 2022 153,198 11,005 15,636

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 27,905 1,425 327,825
Additions - - 3,750
At 31 January 2023 27,905 1,425 331,575
DEPRECIATION
At 1 February 2022 23,165 356 142,177
Charge for year 1,185 357 16,008
At 31 January 2023 24,350 713 158,185
NET BOOK VALUE
At 31 January 2023 3,555 712 173,390
At 31 January 2022 4,740 1,069 185,648

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,892 29,047
Other debtors 21,145 34,187
59,037 63,234

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,525 47,826
Trade creditors 55,742 56,504
Taxation and social security 28,206 31,507
Other creditors 163,309 172,270
297,782 308,107

Included in other creditors are amounts payable to the directors amounting to £129,216 (2022 - £138,269).

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 50,525 47,826

The bank overdraft is secured by a debenture over the assets of the company and a personal guarantee given by the director, Mr M Wilkinson.