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REGISTERED NUMBER: SC041900 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Carole Wilson Limited

Carole Wilson Limited (Registered number: SC041900)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carole Wilson Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr James Wilson
James Francis Wilson





SECRETARY: Mr Mark Wilson





REGISTERED OFFICE: 3 Lynton Avenue
Giffnock
Glasgow
G46 7JP





REGISTERED NUMBER: SC041900 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Carole Wilson Limited (Registered number: SC041900)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210,784 218,995

CURRENT ASSETS
Debtors 5 4,850 6,494
Cash at bank 119,124 133,773
123,974 140,267
CREDITORS
Amounts falling due within one year 6 39,807 48,227
NET CURRENT ASSETS 84,167 92,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,951

311,035

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 358,193 358,193
Retained earnings (64,242 ) (48,158 )
SHAREHOLDERS' FUNDS 294,951 311,035

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

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

Carole Wilson Limited (Registered number: SC041900)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





James Francis Wilson - Director


Carole Wilson Limited (Registered number: SC041900)

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

1. STATUTORY INFORMATION

Carole Wilson Limited 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. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - 2% on cost
Fittings and equipment - 10% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Carole Wilson Limited (Registered number: SC041900)

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

2. ACCOUNTING POLICIES - continued

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Heritable and Computer
property equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 402,400 1,450 2,521 406,371
DEPRECIATION
At 1 April 2022 185,104 1,137 1,135 187,376
Charge for year 8,048 30 133 8,211
At 31 March 2023 193,152 1,167 1,268 195,587
NET BOOK VALUE
At 31 March 2023 209,248 283 1,253 210,784
At 31 March 2022 217,296 313 1,386 218,995

Cost or valuation at 31 March 2023 is represented by:

Fittings
Heritable and Computer
property equipment equipment Totals
£    £    £    £   
Valuation in 1987 380,593 - - 380,593
Cost 21,807 1,450 2,521 25,778
402,400 1,450 2,521 406,371

Carole Wilson Limited (Registered number: SC041900)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,850 5,000
Other debtors - 1,494
4,850 6,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 18,108 26,905
Other creditors 21,699 21,322
39,807 48,227

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 358,193

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr James Wilson.