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REGISTERED NUMBER: 01066264 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2023

for

W J WILKINSON & SONS (LANDSCAPING) LTD

W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W J WILKINSON & SONS (LANDSCAPING) LTD

Company Information
for the Year Ended 28th February 2023







DIRECTORS: Mr J Wilkinson
Mr D J Wilkinson
Mr J W Fountain





REGISTERED OFFICE: Lane Ends Farm
Hothersall Lane
Hothersall
Preston
Lancashire
PR3 2XB





REGISTERED NUMBER: 01066264 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,402 174,879

CURRENT ASSETS
Stocks 125,282 110,196
Debtors 5 360,347 619,734
Cash at bank and in hand 55,076 55,658
540,705 785,588
CREDITORS
Amounts falling due within one year 6 244,815 331,809
NET CURRENT ASSETS 295,890 453,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,292

628,658

CREDITORS
Amounts falling due after more than one
year

7

(55,355

)

(47,033

)

PROVISIONS FOR LIABILITIES (24,054 ) (29,580 )
NET ASSETS 348,883 552,045

CAPITAL AND RESERVES
Called up share capital 10 750 750
Capital reserves 250 250
Retained earnings 347,883 551,045
SHAREHOLDERS' FUNDS 348,883 552,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Balance Sheet - continued
28th February 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 20th December 2023 and were signed on its behalf by:





Mr J Wilkinson - Director


W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

W J Wilkinson & Sons (Landscaping) 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. 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.
Revenue is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

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.


W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Operating lease
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st March 2022 5,800 450,199 40,645 334,159 830,803
Disposals - - - (10,000 ) (10,000 )
At 28th February 2023 5,800 450,199 40,645 324,159 820,803
DEPRECIATION
At 1st March 2022 - 403,982 36,737 215,205 655,924
Charge for year - 10,621 782 29,294 40,697
Eliminated on disposal - - - (8,220 ) (8,220 )
At 28th February 2023 - 414,603 37,519 236,279 688,401
NET BOOK VALUE
At 28th February 2023 5,800 35,596 3,126 87,880 132,402
At 28th February 2022 5,800 46,217 3,908 118,954 174,879

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2022
and 28th February 2023 39,700
DEPRECIATION
At 1st March 2022 7,444
Charge for year 8,064
At 28th February 2023 15,508
NET BOOK VALUE
At 28th February 2023 24,192
At 28th February 2022 32,256

5. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors 199,332 428,304
Other debtors 2,028 2,028
Tax 740 28,110
Prepayments 17,084 24,946
219,184 483,388

W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

5. DEBTORS - continued
28.2.23 28.2.22
£    £   
Amounts falling due after more than one year:
Amount due from Related Party 141,163 136,346

Aggregate amounts 360,347 619,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 8) 5,922 5,776
Hire purchase contracts (see note 9) 17,376 7,890
Trade creditors 182,292 278,839
Social security and other taxes 3,309 7,720
Other creditors 12,015 8,532
Directors' current accounts 11,261 11,261
Accrued expenses 12,640 11,791
244,815 331,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 8) 15,468 21,390
Hire purchase contracts (see note 9) 39,887 25,643
55,355 47,033

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,922 5,776

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,922 5,922

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,546 15,468

The bank loan relates to the government backed Bounce Back Loan; interest charged in the first year is paid by the government.

W J WILKINSON & SONS (LANDSCAPING) LTD (REGISTERED NUMBER: 01066264)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28.2.23 28.2.22
£    £   
Net obligations repayable:
Within one year 17,376 7,890
Between one and five years 39,887 25,643
57,263 33,533

Non-cancellable operating leases
28.2.23 28.2.22
£    £   
Within one year 18,000 18,000
Between one and five years - 18,000
18,000 36,000

The hire purchase contract is secured on the asset to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
750 Ordinary £1 750 750

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Wilkinson.

The above named has controlled the company by virtue of holding 66.67% of the issued ordinary share capital.