Wilson Pilot Services Limited 09098047 false 2022-07-01 2023-12-31 2023-12-31 The principal activity of the company is pilot services. The company ceased to trade in December 2023. Digita Accounts Production Advanced 6.30.9574.0 true true 09098047 2022-07-01 2023-12-31 09098047 2023-12-31 09098047 bus:OrdinaryShareClass1 2023-12-31 09098047 bus:Original 2023-12-31 09098047 core:RetainedEarningsAccumulatedLosses 2023-12-31 09098047 core:ShareCapital 2023-12-31 09098047 core:CurrentFinancialInstruments 2023-12-31 09098047 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09098047 core:FurnitureFittingsToolsEquipment 2023-12-31 09098047 bus:SmallEntities 2022-07-01 2023-12-31 09098047 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-12-31 09098047 bus:FullAccounts 2022-07-01 2023-12-31 09098047 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-12-31 09098047 bus:RegisteredOffice 2022-07-01 2023-12-31 09098047 bus:Director1 2022-07-01 2023-12-31 09098047 bus:OrdinaryShareClass1 2022-07-01 2023-12-31 09098047 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 09098047 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-12-31 09098047 core:OfficeEquipment 2022-07-01 2023-12-31 09098047 1 2022-07-01 2023-12-31 09098047 countries:EnglandWales 2022-07-01 2023-12-31 09098047 2022-06-30 09098047 core:FurnitureFittingsToolsEquipment 2022-06-30 09098047 2021-07-01 2022-06-30 09098047 2022-06-30 09098047 bus:OrdinaryShareClass1 2022-06-30 09098047 core:RetainedEarningsAccumulatedLosses 2022-06-30 09098047 core:ShareCapital 2022-06-30 09098047 core:CurrentFinancialInstruments 2022-06-30 09098047 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 09098047 core:FurnitureFittingsToolsEquipment 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09098047

Wilson Pilot Services Limited

Unaudited Financial Statements

for the Period from 1 July 2022 to 31 December 2023

 

Wilson Pilot Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Wilson Pilot Services Limited

(Registration number: 09098047)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

496

Current assets

 

Debtors

5

100

-

Cash at bank and in hand

 

-

65,767

 

100

65,767

Creditors: Amounts falling due within one year

6

-

(29,911)

Net current assets

 

100

35,856

Total assets less current liabilities

 

100

36,352

Provisions for liabilities

-

(94)

Net assets

 

100

36,258

Capital and reserves

 

Called up share capital

100

100

Retained earnings

-

36,158

Shareholders' funds

 

100

36,258

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 January 2024
 


Mr Mathew Wilson
Director

 

Wilson Pilot Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW

The principal place of business is:
Old Farm
Weston
Hitchin
Herts
SG4 7AS

These financial statements were authorised for issue by the director on 10 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Wilson Pilot Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line - 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

Wilson Pilot Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Wilson Pilot Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

2,256

2,256

Disposals

(2,256)

(2,256)

At 31 December 2023

-

-

Depreciation

At 1 July 2022

1,761

1,761

Eliminated on disposal

(1,761)

(1,761)

At 31 December 2023

-

-

Carrying amount

At 31 December 2023

-

-

At 30 June 2022

496

496

5

Debtors

Current

2023
£

2022
£

Other debtors

100

-

 

100

-

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

91

Amounts due to related parties

-

9

Accruals

 

-

1,020

Income tax liability

-

28,791

 

-

29,911

 

Wilson Pilot Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £310.83 (2022 - £1,028.44) per ordinary share

 

31,083

 

102,844

         

9

Ultimate controlling party

The ultimate controlling party is Mr M Wilson, the sole shareholder.