Company Registration No. 14359800 (England and Wales)
Wilson-Stone Holding Ltd
Unaudited accounts
for the year ended 31 October 2023
Wilson-Stone Holding Ltd
Unaudited accounts
Contents
Wilson-Stone Holding Ltd
Company Information
for the year ended 31 October 2023
Directors
Lucy Jane Hadingham
Dean Stone
Company Number
14359800 (England and Wales)
Registered Office
432 Gloucester Road
Bristol
BS7 8TX
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Wilson-Stone Holding Ltd
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wilson-Stone Holding Ltd for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
28 February 2024
Wilson-Stone Holding Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
10,120
18,400
Tangible assets
7,483
22,512
Investment property
976,903
976,903
Cash at bank and in hand
60,000
-
Creditors: amounts falling due within one year
(140,161)
(960)
Net current assets
148,080
99,039
Net assets
1,142,686
1,116,954
Called up share capital
100
100
Profit and loss account
1,142,586
1,116,854
Shareholders' funds
1,142,686
1,116,954
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2024 and were signed on its behalf by
Lucy Jane Hadingham
Director
Company Registration No. 14359800
Wilson-Stone Holding Ltd
Notes to the Accounts
for the year ended 31 October 2023
Wilson-Stone Holding Ltd is a private company, limited by shares, registered in England and Wales, registration number 14359800. The registered office is 432 Gloucester Road, Bristol, BS7 8TX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
4 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Wilson-Stone Holding Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
91,698
73,634
165,332
At 31 October 2023
91,698
73,634
165,332
At 1 November 2022
89,355
53,465
142,820
Charge for the year
1,583
13,446
15,029
At 31 October 2023
90,938
66,911
157,849
At 31 October 2023
760
6,723
7,483
At 31 October 2022
2,343
20,169
22,512
Fair value at 1 November 2022
976,903
At 31 October 2023
976,903
The investment property is included in the accounts at a market value that is estimated by the directors.
7
Investments
Subsidiary undertakings
Valuation at 1 November 2022
100
Valuation at 31 October 2023
100
Investment in Wilson-Stone Contracting Ltd (06576920).
Wilson-Stone Holding Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
208,241
99,999
9
Creditors: amounts falling due within one year
2023
2022
Loans from directors
139,201
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
On 31st October 2023 the company was due £208,241 from Wilson-Stone Contracting Ltd (06576920) a fully owned subsidiary.
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).