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REGISTERED NUMBER: 00919595 (England and Wales)













WILKINS BROTHERS (CYMMER) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILKINS BROTHERS (CYMMER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L Wilkins
G Wilkins
G Wilkins
C Wilkins





SECRETARY: G Wilkins





REGISTERED OFFICE: Unit 1 Croeserw Industrial
Estate Cymmer
Port Talbot
Neath Port Talbot
SA13 3PB





REGISTERED NUMBER: 00919595 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 404,484 373,197

CURRENT ASSETS
Stocks 21,700 21,722
Debtors 5 136,935 91,000
Cash at bank and in hand 233,605 219,285
392,240 332,007
CREDITORS
Amounts falling due within one year 6 113,339 84,748
NET CURRENT ASSETS 278,901 247,259
TOTAL ASSETS LESS CURRENT LIABILITIES 683,385 620,456

CREDITORS
Amounts falling due after more than one
year

7

(234,041

)

(226,533

)

PROVISIONS FOR LIABILITIES (74,219 ) (69,609 )
NET ASSETS 375,125 324,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 375,025 324,214
375,125 324,314

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

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

WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

BALANCE SHEET - continued
31 DECEMBER 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 14 February 2024 and were signed on its behalf by:





G Wilkins - Director


WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

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


1. STATUTORY INFORMATION

Wilkins Brothers (Cymmer) 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.

The principle activity of the company in the year under review was that of passenger and land transport.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

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


2. ACCOUNTING POLICIES - continued

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 21,511 843,934 865,445
Additions - 128,098 128,098
Disposals - (166,000 ) (166,000 )
At 31 December 2023 21,511 806,032 827,543
DEPRECIATION
At 1 January 2023 14,789 477,459 492,248
Charge for year 359 52,289 52,648
Eliminated on disposal - (121,837 ) (121,837 )
At 31 December 2023 15,148 407,911 423,059
NET BOOK VALUE
At 31 December 2023 6,363 398,121 404,484
At 31 December 2022 6,722 366,475 373,197

Included in cost of land and buildings is freehold land of £ 3,850 (2022 - £ 3,850 ) which is not depreciated.

WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 102,461
Additions 81,000
At 31 December 2023 183,461
DEPRECIATION
At 1 January 2023 16,720
Charge for year 15,392
At 31 December 2023 32,112
NET BOOK VALUE
At 31 December 2023 151,349
At 31 December 2022 85,741

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 100,991 62,239
Other debtors 21,903 27,797
122,894 90,036

Amounts falling due after more than one year:
Other debtors 14,041 964

Aggregate amounts 136,935 91,000

WILKINS BROTHERS (CYMMER) LIMITED (REGISTERED NUMBER: 00919595)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 50,535 29,868
Trade creditors 13,631 13,831
Taxation and social security 7,751 -
Other creditors 30,774 30,401
113,339 84,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,812 26,642
Hire purchase contracts 46,678 29,340
Other creditors 170,551 170,551
234,041 226,533

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 97,212 59,207