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REGISTERED NUMBER: 09172801 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Willsons (Higham Ferrers) Ltd

Willsons (Higham Ferrers) Ltd (Registered number: 09172801)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willsons (Higham Ferrers) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C Baird FCA
D Barry FCCA





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 09172801 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Willsons (Higham Ferrers) Ltd (Registered number: 09172801)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,106 17,584
54,106 17,584

CURRENT ASSETS
Stocks 6 110,086 132,996
Debtors 7 169,437 139,158
Cash at bank and in hand 316,307 303,940
595,830 576,094
CREDITORS
Amounts falling due within one year 8 258,448 222,255
NET CURRENT ASSETS 337,382 353,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,488

371,423

PROVISIONS FOR LIABILITIES 9,988 567
NET ASSETS 381,500 370,856

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 1 1
Retained earnings 381,449 370,805
SHAREHOLDERS' FUNDS 381,500 370,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Willsons (Higham Ferrers) Ltd (Registered number: 09172801)

Balance Sheet - continued
30 April 2024


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 6 September 2024 and were signed on its behalf by:





C Baird FCA - Director


Willsons (Higham Ferrers) Ltd (Registered number: 09172801)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Willsons (Higham Ferrers) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 represents amounts invoiced during the period, exclusive of VAT, in respect of the provision of services to clients and commissions, plus the value recognised by reference to the stage of completion of work undertaken in the period but not invoiced at the period end. Revenue not invoiced is included in work in progress.

Goodwill
Goodwill, being the amount paid for internally generated goodwill in connection with the incorporation of a business in 2015, it is now fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and net realisable value. In respect of work in progress, cost includes a relevant proportion of overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Willsons (Higham Ferrers) Ltd (Registered number: 09172801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Leasing commitments
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 18,500
AMORTISATION
At 1 May 2023
and 30 April 2024 18,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Willsons (Higham Ferrers) Ltd (Registered number: 09172801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 44,935 13,225 58,160
Additions - 42,184 42,184
At 30 April 2024 44,935 55,409 100,344
DEPRECIATION
At 1 May 2023 36,452 4,124 40,576
Charge for year 1,692 3,970 5,662
At 30 April 2024 38,144 8,094 46,238
NET BOOK VALUE
At 30 April 2024 6,791 47,315 54,106
At 30 April 2023 8,483 9,101 17,584

6. STOCKS
30.4.24 30.4.23
£    £   
Work-in-progress 110,086 132,996

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 152,043 100,940
Other debtors 500 -
Prepayments 16,894 38,218
169,437 139,158

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 8,136 38,243
Amounts owed to group undertakings 100,201 55,080
Corporation Tax 67,879 63,043
Social security and other taxes 2,739 3,184
VAT 53,652 43,950
Pension creditor 1,045 1,078
Accrued expenses 24,796 17,677
258,448 222,255

Willsons (Higham Ferrers) Ltd (Registered number: 09172801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 21,000 21,000
Between one and five years 63,000 84,000
84,000 105,000