1 November 2022 false No description of principal activity Taxfiler 2024.5 SC644541business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC6445412022-10-31 SC6445412022-11-012023-10-31 SC644541business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC644541business:FilletedAccounts2022-11-012023-10-31 SC6445412023-10-31 SC644541business:Director12022-11-012023-10-31 SC644541business:Director22022-11-012023-10-31 SC644541business:RegisteredOffice2022-11-012023-10-31 SC6445412022-10-31 SC644541core:WithinOneYear2023-10-31 SC644541core:WithinOneYear2022-10-31 SC644541core:AfterOneYear2023-10-31 SC644541core:AfterOneYear2022-10-31 SC644541core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC644541core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC644541core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC644541core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC644541core:PreviouslyStatedAmount2023-10-31 SC644541core:PreviouslyStatedAmount2022-10-31 SC644541business:SmallEntities2022-11-012023-10-31 SC644541countries:Scotland2022-11-012023-10-31 SC644541core:PlantMachinery2022-11-012023-10-31 SC644541core:FurnitureFittings2022-11-012023-10-31 SC644541core:PlantMachinery2022-10-31 SC644541core:FurnitureFittings2022-10-31 SC644541core:PlantMachinery2023-10-31 SC644541core:FurnitureFittings2023-10-31 SC644541core:MoreThanFiveYears2023-10-31 SC644541core:MoreThanFiveYears2022-10-31 SC644541core:AcceleratedTaxDepreciationDeferredTax2023-10-31 SC644541core:AcceleratedTaxDepreciationDeferredTax2022-10-31 SC644541core:RevaluationInvestmentPropertyDeferredTax2023-10-31 SC644541core:RevaluationInvestmentPropertyDeferredTax2022-10-31 SC6445412021-10-31 SC6445412021-11-012022-10-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
Wilko Bros Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,355 
12,805 
Investment property
400,000 
400,000 
409,355 
412,805 
Current assets
Debtors
5,648 
4,654 
Cash at bank and in hand
(3,152)
11,849 
2,496 
16,503 
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)
Net assets
79,127 
88,246 
Capital and reserves
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
- 5 -
Wilko Bros Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
4 years
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 
Additions
- 
3,560 
3,560 
At 31 October 2023
4,312 
23,728 
28,040 
Depreciation
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 
Net book value
At 31 October 2023
2,156 
7,199 
9,355 
At 31 October 2022
3,234 
9,571 
12,805 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
400,000 
At 31 October 2023
400,000 
- 6 -
Wilko Bros Ltd Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,648 
4,654 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,393 
2,203 
Loans from directors
593 
7,215 
Accruals
2,405 
2,655 
4,391 
12,073 
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 
28,333 
28,989 
2023 
2022 
£ 
£ 
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).
- 7 -