Wilkinson Plastermould Limited NI019936 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the manufacture of plaster mouldings Digita Accounts Production Advanced 6.30.9574.0 true true NI019936 2023-01-01 2023-12-31 NI019936 2023-12-31 NI019936 bus:OrdinaryShareClass1 2023-12-31 NI019936 core:CurrentFinancialInstruments 2023-12-31 NI019936 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI019936 core:Non-currentFinancialInstruments 2023-12-31 NI019936 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 NI019936 core:FurnitureFittingsToolsEquipment 2023-12-31 NI019936 core:MotorVehicles 2023-12-31 NI019936 core:OtherPropertyPlantEquipment 2023-12-31 NI019936 bus:SmallEntities 2023-01-01 2023-12-31 NI019936 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI019936 bus:FilletedAccounts 2023-01-01 2023-12-31 NI019936 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI019936 bus:RegisteredOffice 2023-01-01 2023-12-31 NI019936 bus:Director1 2023-01-01 2023-12-31 NI019936 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 NI019936 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI019936 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI019936 core:MotorVehicles 2023-01-01 2023-12-31 NI019936 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 NI019936 core:KeyManagementPersonnel 2023-01-01 2023-12-31 NI019936 countries:NorthernIreland 2023-01-01 2023-12-31 NI019936 2022-12-31 NI019936 core:FurnitureFittingsToolsEquipment 2022-12-31 NI019936 core:MotorVehicles 2022-12-31 NI019936 core:OtherPropertyPlantEquipment 2022-12-31 NI019936 2022-01-01 2022-12-31 NI019936 2022-12-31 NI019936 bus:OrdinaryShareClass1 2022-12-31 NI019936 core:CurrentFinancialInstruments 2022-12-31 NI019936 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 NI019936 core:Non-currentFinancialInstruments 2022-12-31 NI019936 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 NI019936 core:FurnitureFittingsToolsEquipment 2022-12-31 NI019936 core:MotorVehicles 2022-12-31 NI019936 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI019936

Wilkinson Plastermould Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Wilkinson Plastermould Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Wilkinson Plastermould Limited

(Registration number: NI019936)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,491

1,989

Current assets

 

Stocks

5

3,750

250

Debtors

6

6,276

14,762

Cash at bank and in hand

 

81,978

47,585

 

92,004

62,597

Creditors: Amounts falling due within one year

7

(18,735)

(13,384)

Net current assets

 

73,269

49,213

Total assets less current liabilities

 

74,760

51,202

Creditors: Amounts falling due after more than one year

7

(12,497)

(18,322)

Provisions for liabilities

(283)

-

Net assets

 

61,980

32,880

Capital and reserves

 

Called up share capital

9

15,000

15,000

Retained earnings

46,980

17,880

Shareholders' funds

 

61,980

32,880

 

Wilkinson Plastermould Limited

(Registration number: NI019936)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

.........................................
Mr David Manson
Director

 

Wilkinson Plastermould Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Unit 5
53A Loan Road
Cullybackey
Ballymena
BT42 1PS

These financial statements were authorised for issue by the Board on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these financial statements is sterling and all amounts have been rounded to the nearest £1

Going concern

The financial statements have been prepared on a going concern basis.The directors have assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption.As at the date of sign off of the financial statements , the directors believe that the company will continue as a going concern, and be able to realise its assets and discharge its liabilities in the normal course of business.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets and liabilities, income and expenditure. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

 

Wilkinson Plastermould Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The company assesses at each reporting date whether tangible fixed assets are impaired.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Office equipment

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Wilkinson Plastermould Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

8,237

14,900

113,793

136,930

At 31 December 2023

8,237

14,900

113,793

136,930

Depreciation

At 1 January 2023

8,237

12,911

113,793

134,941

Charge for the year

-

498

-

498

At 31 December 2023

8,237

13,409

113,793

135,439

Carrying amount

At 31 December 2023

-

1,491

-

1,491

At 31 December 2022

-

1,989

-

1,989

5

Stocks

2023
£

2022
£

Other inventories

3,750

250

6

Debtors

Current

2023
£

2022
£

Trade debtors

6,150

14,510

Other debtors

126

252

 

6,276

14,762

 

Wilkinson Plastermould Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

6,389

6,389

Taxation and social security

 

7,548

2,471

Accruals and deferred income

 

2,585

2,245

Other creditors

 

2,213

2,279

 

18,735

13,384

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

12,497

18,322

Current loans and borrowings

2023
£

2022
£

Bank borrowings

6,389

6,389

9

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

15,000

15,000

15,000

15,000

       
 

Wilkinson Plastermould Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

10

Related party transactions

Key management personnel

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

57,200

57,200

Contributions paid to money purchase schemes

1,341

1,342

58,541

58,542