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Company Registration No. 09321927 (England and Wales)
Wilmshurst Limited Unaudited accounts for the year ended 31 March 2024
Wilmshurst Limited Unaudited accounts Contents
Page
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Wilmshurst Limited Company Information for the year ended 31 March 2024
Directors
Mr S Jafferali (Deceased) Mrs R Jafferali
Company Number
09321927 (England and Wales)
Registered Office
58 Crabtree Lane Lancing West Sussex BN15 9PJ
Accountants
Infinity Accountants 27 Coniston Gardens Pinner Middlesex HA5 2JN
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Wilmshurst Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
17,000 
17,000 
Tangible assets
10,573 
109,850 
27,573 
126,850 
Current assets
Inventories
130,807 
106,304 
Debtors
201,892 
105,909 
Cash at bank and in hand
93,157 
258,587 
425,856 
470,800 
Creditors: amounts falling due within one year
(169,162)
(158,430)
Net current assets
256,694 
312,370 
Net assets
284,267 
439,220 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
284,067 
439,020 
Shareholders' funds
284,267 
439,220 
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 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 10 September 2024 and were signed on its behalf by
Mrs R Jafferali Director Company Registration No. 09321927
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Wilmshurst Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Wilmshurst Limited is a private company, limited by shares, registered in England and Wales, registration number 09321927. The registered office is 58 Crabtree Lane, Lancing, West Sussex, BN15 9PJ.
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.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
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:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Stocks
Stocks are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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Wilmshurst Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
17,000 
At 31 March 2024
17,000 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
17,000 
At 31 March 2023
17,000 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
109,571 
20,942 
831 
131,344 
Transfer to investment property
(99,000)
- 
- 
(99,000)
At 31 March 2024
10,571 
20,942 
831 
32,344 
Depreciation
At 1 April 2023
- 
20,769 
725 
21,494 
Charge for the year
- 
172 
105 
277 
At 31 March 2024
- 
20,941 
830 
21,771 
Net book value
At 31 March 2024
10,571 
1 
1 
10,573 
At 31 March 2023
109,571 
173 
106 
109,850 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
39,201 
12,856 
Trade debtors
77,536 
92,876 
Other debtors
85,155 
177 
201,892 
105,909 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
156,197 
114,094 
Taxes and social security
3,493 
26,848 
Other creditors
2,622 
- 
Loans from directors
- 
1,592 
Accruals
6,850 
15,896 
169,162 
158,430 
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Wilmshurst Limited Notes to the Accounts for the year ended 31 March 2024
8
Transactions with related parties
Other debtors include £64,788 owed by the director. The balance was repaid in full after the balance sheet date. The company charged interest @3%.
9
Average number of employees
During the year the average number of employees was 10 (2023: 8).
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