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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
Page
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Fisher & Wilkinson Limited Company Information for the year ended 31 March 2024
Director
Greg Wilkinson
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
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Fisher & Wilkinson Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,546 
9,154 
Current assets
Inventories
557,985 
467,982 
Debtors
229,727 
715,058 
Cash at bank and in hand
312,513 
12,760 
1,100,225 
1,195,800 
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 
Capital and reserves
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
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Fisher & Wilkinson Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Land & buildings
Nil
Plant & machinery
over 5 years
Motor vehicles
over 4 years
Turnover
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
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 taxation
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
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.
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Fisher & Wilkinson Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
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 
Additions
69,300 
- 
69,300 
Disposals
(49,429)
- 
(49,429)
At 31 March 2024
160,546 
45,743 
206,289 
Depreciation
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 
Net book value
At 31 March 2024
57,749 
6,797 
64,546 
At 31 March 2023
92 
9,062 
9,154 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
8,303 
10,742 
Trade debtors
36,922 
259,690 
Accrued income and prepayments
5,340 
4,244 
Other debtors
179,162 
130,713 
229,727 
405,389 
Amounts falling due after more than one year
Other debtors
- 
309,669 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
6,434 
102,275 
Taxes and social security
7,261 
18,832 
Other creditors
207 
- 
Accruals
10,353 
10,147 
24,255 
131,254 
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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 
2024 
2023 
£ 
£ 
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 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Greg Wilkinson
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).
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