Company Registration No. 04922958 (England and Wales)
Fisher & Wilkinson Limited
Unaudited accounts
for the year ended 31 March 2024
Fisher & Wilkinson Limited
Unaudited accounts
Contents
Fisher & Wilkinson Limited
Company Information
for the year ended 31 March 2024
Secretary
Finishchoice Limited
Company Number
04922958 (England and Wales)
Registered Office
30 Newmarket Street
Skipton
BD23 2JB
ENGLAND
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
Fisher & Wilkinson Limited
Statement of financial position
as at 31 March 2024
Tangible assets
64,546
9,154
Inventories
557,985
467,982
Cash at bank and in hand
312,513
12,760
Creditors: amounts falling due within one year
(24,255)
(131,254)
Net current assets
1,075,970
1,064,546
Total assets less current liabilities
1,140,516
1,073,700
Provisions for liabilities
Deferred tax
(12,264)
(1,739)
Net assets
1,128,252
1,071,961
Called up share capital
2
2
Profit and loss account
1,128,250
1,071,959
Shareholders' funds
1,128,252
1,071,961
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 26 July 2024 and were signed on its behalf by
Greg Wilkinson
Director
Company Registration No. 04922958
Fisher & Wilkinson Limited
Notes to the Accounts
for the year ended 31 March 2024
Fisher & Wilkinson Limited is a private company, limited by shares, registered in England and Wales, registration number 04922958. The registered office is 30 Newmarket Street, Skipton, BD23 2JB, ENGLAND.
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:
Plant & machinery
over 5 years
Motor vehicles
over 4 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Fisher & Wilkinson Limited
Notes to the Accounts
for the year ended 31 March 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
140,675
45,743
186,418
Disposals
(49,429)
-
(49,429)
At 31 March 2024
160,546
45,743
206,289
At 1 April 2023
140,583
36,681
177,264
Charge for the year
11,643
2,265
13,908
On disposals
(49,429)
-
(49,429)
At 31 March 2024
102,797
38,946
141,743
At 31 March 2024
57,749
6,797
64,546
At 31 March 2023
92
9,062
9,154
Amounts falling due within one year
Trade debtors
36,922
259,690
Accrued income and prepayments
5,340
4,244
Other debtors
179,162
130,713
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,434
102,275
Taxes and social security
7,261
18,832
Fisher & Wilkinson Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
12,264
1,739
Provision at start of year
1,739
2,808
Charged/(credited) to the profit and loss account
10,525
(1,069)
Provision at end of year
12,264
1,739
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
130,713
119,088
130,713
119,088
130,713
119,088
130,713
119,088
Directors Loan was repaid July 2024
9
Transactions with related parties
During the year the company entered into the following transactions with related parties:
The company lent to a company over which a director of Fisher & Wilkinson Ltd had significant influence. The amount outstanding at the Balance Sheet date was £0 (2023 £309,669) and was included in debtors falling due after one year in last years accounts.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).