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REGISTERED NUMBER: 08698215 (England and Wales)










Financial Statements for the Year Ended 31 March 2023

for

Wilson Devenish Ltd

Wilson Devenish Ltd (Registered number: 08698215)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wilson Devenish Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: V M Mellett





REGISTERED OFFICE: 67 Newland Street
Witham
CM8 1AA





REGISTERED NUMBER: 08698215 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Wilson Devenish Ltd (Registered number: 08698215)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 245,585 276,754
Tangible assets 5 16,019 8,704
261,604 285,458

CURRENT ASSETS
Stocks 40,059 35,059
Debtors 6 514,565 296,736
Prepayments and accrued income 13,556 15,321
Cash at bank and in hand 88,586 67,396
656,766 414,512
CREDITORS
Amounts falling due within one year 7 230,229 95,889
NET CURRENT ASSETS 426,537 318,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,141

604,081

CREDITORS
Amounts falling due after more than one year 8 32,546 -
NET ASSETS 655,595 604,081

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 655,295 603,781
SHAREHOLDERS' FUNDS 655,595 604,081

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wilson Devenish Ltd (Registered number: 08698215)

Balance Sheet - continued
31 March 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 director and authorised for issue on 15 March 2024 and were signed by:





V M Mellett - Director


Wilson Devenish Ltd (Registered number: 08698215)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wilson Devenish Ltd 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 accountancy practices, is being amortised evenly over its estimated useful lives.

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 etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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

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.

Wilson Devenish Ltd (Registered number: 08698215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 600,000
Additions 20,000
At 31 March 2023 620,000
AMORTISATION
At 1 April 2022 323,246
Charge for year 51,169
At 31 March 2023 374,415
NET BOOK VALUE
At 31 March 2023 245,585
At 31 March 2022 276,754

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 19,898
Additions 11,143
At 31 March 2023 31,041
DEPRECIATION
At 1 April 2022 11,194
Charge for year 3,828
At 31 March 2023 15,022
NET BOOK VALUE
At 31 March 2023 16,019
At 31 March 2022 8,704

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 48,159 25,755
Amounts owed by group undertakings 211,271 203,956
Other debtors 255,135 67,025
514,565 296,736

Wilson Devenish Ltd (Registered number: 08698215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 33,571 26,273
Taxation and social security 68,557 64,110
Other creditors 128,101 5,506
230,229 95,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 32,546 -