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REGISTERED NUMBER: 07827259 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

K. Wilson Developments Ltd

K. Wilson Developments Ltd (Registered number: 07827259)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

K. Wilson Developments Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: K Wilson
Mrs.C Wilson





SECRETARY:





REGISTERED OFFICE: Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR





REGISTERED NUMBER: 07827259 (England and Wales)





ACCOUNTANTS: Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR

K. Wilson Developments Ltd (Registered number: 07827259)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5,943 6,992

CURRENT ASSETS
Stocks 4 266,575 346,100
Debtors 5 300,000 2,963
Cash at bank and in hand 3,292 1,627
569,867 350,690
CREDITORS
Amounts falling due within one year 6 482,876 272,201
NET CURRENT ASSETS 86,991 78,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,934

85,481

CREDITORS
Amounts falling due after more than one
year

7

17,866

26,667
NET ASSETS 75,068 58,814

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,968 58,714
SHAREHOLDERS' FUNDS 75,068 58,814

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

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

K. Wilson Developments Ltd (Registered number: 07827259)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





K Wilson - Director


K. Wilson Developments Ltd (Registered number: 07827259)

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

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and Equipment - 15% on reducing balance
Computer equipment - 15% 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

3. TANGIBLE FIXED ASSETS
Tools and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 8,323 1,891 10,214
DEPRECIATION
At 1 November 2022 2,422 800 3,222
Charge for year 885 164 1,049
At 31 October 2023 3,307 964 4,271
NET BOOK VALUE
At 31 October 2023 5,016 927 5,943
At 31 October 2022 5,901 1,091 6,992

4. STOCKS
31.10.23 31.10.22
£    £   
Stocks 1,575 1,100
Work-in-progress 265,000 345,000
266,575 346,100

K. Wilson Developments Ltd (Registered number: 07827259)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 300,000 -
VAT - 2,963
300,000 2,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Corporation Tax - (377 )
Social security and other taxes - 451
VAT 48,362 -
Proposed dividends 43,500 43,500
Other creditors 45 90
Business Credit Card 12,780 -
Directors' current accounts 366,553 217,049
Accrued expenses 1,636 1,488
482,876 272,201

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bounce Back Loan 10,000 10,000
Bounce Back Loan 7,866 16,667
17,866 26,667

K. Wilson Developments Ltd

Report of the Accountants to the Directors of
K. Wilson Developments Ltd

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR


Date: .............................................