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REGISTERED NUMBER: 05780468 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st December 2023

for

Wilsons Sheet Metalwork Limited

Wilsons Sheet Metalwork Limited (Registered number: 05780468)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Wilsons Sheet Metalwork Limited

Company Information
For The Year Ended 31st December 2023







DIRECTORS: D Wilson
Ms K Hadley





SECRETARY: Ms K Hadley





REGISTERED OFFICE: Unit 24 Park Rose Industrial Estate
Middlemore Road
Smethwick
West Midlands
B66 2DZ





REGISTERED NUMBER: 05780468 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Wilsons Sheet Metalwork Limited (Registered number: 05780468)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,581 52,926
70,581 52,926

CURRENT ASSETS
Stocks 58,455 150,056
Debtors 6 90,029 297,197
Cash at bank and in hand 8,011 44,177
156,495 491,430
CREDITORS
Amounts falling due within one year 7 86,553 487,672
NET CURRENT ASSETS 69,942 3,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,523

56,684

CREDITORS
Amounts falling due after more than one
year

8

-

(7,241

)

PROVISIONS FOR LIABILITIES 9 (17,645 ) -
NET ASSETS 122,878 49,443

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 122,868 49,433
SHAREHOLDERS' FUNDS 122,878 49,443

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

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

Wilsons Sheet Metalwork Limited (Registered number: 05780468)

Balance Sheet - continued
31st 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 and authorised for issue by the Board of Directors and authorised for issue on 15th February 2024 and were signed on its behalf by:





Ms K Hadley - Director


Wilsons Sheet Metalwork Limited (Registered number: 05780468)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

Wilsons Sheet Metalwork 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Wilsons Sheet Metalwork Limited (Registered number: 05780468)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 30,000
AMORTISATION
At 1st January 2023
and 31st December 2023 30,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 64,793 39,413 104,206
Additions 13,416 31,295 44,711
Disposals - (11,000 ) (11,000 )
At 31st December 2023 78,209 59,708 137,917
DEPRECIATION
At 1st January 2023 36,268 15,012 51,280
Charge for year 9,725 7,431 17,156
Eliminated on disposal - (1,100 ) (1,100 )
At 31st December 2023 45,993 21,343 67,336
NET BOOK VALUE
At 31st December 2023 32,216 38,365 70,581
At 31st December 2022 28,525 24,401 52,926

Wilsons Sheet Metalwork Limited (Registered number: 05780468)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 28,242 32,719
Owed from Associated Companies 47,142 248,690
Directors' current accounts 10,908 10,908
Prepayments 3,737 4,880
90,029 297,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 7,241 12,748
Trade creditors 54,194 142,059
Tax 1,994 -
Social security and other taxes 3,081 2,526
Pension 1,262 556
VAT 2,330 1,076
Other creditors 1,443 2,464
Owing to Associated Companies - 311,608
Directors' current accounts 8,597 8,597
Accrued expenses 6,411 6,038
86,553 487,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 7,241

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 17,645 -

Deferred
tax
£   
Charge to Income Statement during year 17,645
Balance at 31st December 2023 17,645

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Share capital 1 10p 10 10

Wilsons Sheet Metalwork Limited (Registered number: 05780468)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

11. RESERVES
Retained
earnings
£   

At 1st January 2023 49,433
Profit for the year 73,435
At 31st December 2023 122,868

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£    £   
D Wilson
Balance outstanding at start of year 10,908 10,908
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,908 10,908

13. RELATED PARTY DISCLOSURES

There were, at the year end, monies owed by associated companies as follows:

D Wilson Property Holding Group Limited £25,766 (2022 £248,690)
D Wilson Architectural Metalwork Limited £21,376 (2022 £NIL\


There were monies owed to associated companies as follows:
D Wilson Architectural Metalwork Limited £NIL (2022 £311,608)





14. ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Hadley.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wilsons Sheet Metalwork Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wilsons Sheet Metalwork Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wilsons Sheet Metalwork Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wilsons Sheet Metalwork Limited and state those matters that we have agreed to state to the Board of Directors of Wilsons Sheet Metalwork Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wilsons Sheet Metalwork Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wilsons Sheet Metalwork Limited. You consider that Wilsons Sheet Metalwork Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wilsons Sheet Metalwork Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 15th February 2024