A.J. WILLCOCK HOLEFORMERS LTD

Company Registration Number:
02663588 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

A.J. WILLCOCK HOLEFORMERS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

A.J. WILLCOCK HOLEFORMERS LTD

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 173,430 75,491
Total fixed assets: 173,430 75,491
Current assets
Debtors:   186,793 206,223
Cash at bank and in hand: 1,673,304 1,708,085
Total current assets: 1,860,097 1,914,308
Creditors: amounts falling due within one year:   (95,620) (99,115)
Net current assets (liabilities): 1,764,477 1,815,193
Total assets less current liabilities: 1,937,907 1,890,684
Provision for liabilities: (32,220) (4,621)
Total net assets (liabilities): 1,905,687 1,886,063
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,905,587 1,885,963
Shareholders funds: 1,905,687 1,886,063

The notes form part of these financial statements

A.J. WILLCOCK HOLEFORMERS LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 March 2024
and signed on behalf of the board by:

Name: Andrew John Willcock
Status: Director

The notes form part of these financial statements

A.J. WILLCOCK HOLEFORMERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery - 25% straight lineFittings fixtures and equipment - 25% straight lineMotor vehicles - 33% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

TaxationCurrent tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Operating leasesLease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.ProvisionsProvisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

A.J. WILLCOCK HOLEFORMERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 7 10

A.J. WILLCOCK HOLEFORMERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 1,845,973
Additions 192,735
Disposals (645,603)
At 31 August 2023 1,393,105
Depreciation
At 01 September 2022 1,770,482
Charge for year 87,523
On disposals (638,330)
At 31 August 2023 1,219,675
Net book value
At 31 August 2023 173,430
At 31 August 2022 75,491