Company Registration No. SC644541 (Scotland)
Wilko Bros Ltd
Amended unaudited accounts
for the year ended 31 October 2023
Wilko Bros Ltd
Amended unaudited accounts
Contents
Wilko Bros Ltd
Company Information
for the year ended 31 October 2023
Directors
Matthew Wilkinson
Oliver Wilkinson
Company Number
SC644541 (Scotland)
Registered Office
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
Accountants
FBD Consultancy, Accounts & Tax Ltd
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Wilko Bros Ltd
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Wilko Bros Ltd for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
FBD Consultancy, Accounts & Tax Ltd
Chartered Accountants
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
31 July 2024
Wilko Bros Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
9,355
12,805
Investment property
400,000
400,000
Cash at bank and in hand
(3,152)
11,849
Creditors: amounts falling due within one year
(4,391)
(12,073)
Net current (liabilities)/assets
(1,895)
4,430
Total assets less current liabilities
407,460
417,235
Creditors: amounts falling due after more than one year
(300,000)
(300,000)
Provisions for liabilities
Deferred tax
(28,333)
(28,989)
Called up share capital
100
100
Profit and loss account
79,027
88,146
Shareholders' funds
79,127
88,246
For the year ending 31 October 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Oliver Wilkinson
Director
Company Registration No. SC644541
Wilko Bros Ltd
Notes to the Accounts
for the year ended 31 October 2023
Wilko Bros Ltd is a private company, limited by shares, registered in Scotland, registration number SC644541. The registered office is 10 Binniehill Road, Cumbernauld, North Lanarkshire, G68 9AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
4,312
20,168
24,480
At 31 October 2023
4,312
23,728
28,040
At 1 November 2022
1,078
10,597
11,675
Charge for the year
1,078
5,932
7,010
At 31 October 2023
2,156
16,529
18,685
At 31 October 2023
2,156
7,199
9,355
At 31 October 2022
3,234
9,571
12,805
Fair value at 1 November 2022
400,000
At 31 October 2023
400,000
Wilko Bros Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
593
7,215
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
300,000
300,000
Aggregate of amounts that fall due for payment after five years
300,000
300,000
9
Deferred taxation
2023
2022
Accelerated capital allowances
1,777
2,433
Revaluation of investment property
26,556
26,556
Provision at start of year
28,989
22,248
(Credited)/charged to the profit and loss account
(656)
6,741
Provision at end of year
28,333
28,989
10
Average number of employees
During the year the average number of employees was 2 (2022: 0).