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REGISTERED NUMBER: 08371934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Wilbourn & Co Ltd

Wilbourn & Co Ltd (Registered number: 08371934)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wilbourn & Co Ltd

Company Information
for the year ended 31 January 2024







DIRECTORS: P Wilbourn
Mrs C E Wilbourn
Miss L Wilbourn





REGISTERED OFFICE: 6 Whin Hill Road
Bessacarr
Doncaster
South Yorkshire
DN4 7AE





REGISTERED NUMBER: 08371934 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Wilbourn & Co Ltd (Registered number: 08371934)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,788 16,195

CURRENT ASSETS
Debtors 5 26,042 32,149
Cash at bank 19,448 4,615
45,490 36,764
CREDITORS
Amounts falling due within one year 6 51,872 61,461
NET CURRENT LIABILITIES (6,382 ) (24,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,406

(8,502

)

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167

PROVISIONS FOR LIABILITIES 3,724 3,077

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,585 ) (35,846 )
SHAREHOLDERS' FUNDS (8,485 ) (35,746 )
9,406 (8,502 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Wilbourn & Co Ltd (Registered number: 08371934)

Statement of Financial Position - continued
31 January 2024


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 Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





P Wilbourn - Director


Wilbourn & Co Ltd (Registered number: 08371934)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Wilbourn & Co 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Computer equipment - 33% on cost
Fixtures and fittings - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Wilbourn & Co Ltd (Registered number: 08371934)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

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 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 11,999 18,222 23,209 53,430
Additions - - 3,977 3,977
At 31 January 2024 11,999 18,222 27,186 57,407
DEPRECIATION
At 1 February 2023 - 15,447 21,788 37,235
Charge for year - 1,847 2,537 4,384
At 31 January 2024 - 17,294 24,325 41,619
NET BOOK VALUE
At 31 January 2024 11,999 928 2,861 15,788
At 31 January 2023 11,999 2,775 1,421 16,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,362 1,800
Other debtors 5,680 30,349
26,042 32,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,211 16,954
Taxation and social security 23,423 12,759
Other creditors 7,238 31,748
51,872 61,461

Wilbourn & Co Ltd (Registered number: 08371934)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,167

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
P Wilbourn
Balance outstanding at start of year 17,041 4,336
Amounts advanced 10,025 60,017
Amounts repaid (26,389 ) (47,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 677 17,041

Mrs C E Wilbourn
Balance outstanding at start of year 7,439 1,530
Amounts advanced 5,280 26,065
Amounts repaid (13,081 ) (20,156 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (362 ) 7,439

The loan was interest free and had no fixed terms.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Wilbourn.