Company Registration No. 09321927 (England and Wales)
Wilmshurst Limited
Unaudited accounts
for the year ended 31 March 2024
Wilmshurst Limited
Unaudited accounts
Contents
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
Wilmshurst Limited
Statement of financial position
as at 31 March 2024
Intangible assets
17,000
17,000
Tangible assets
10,573
109,850
Inventories
130,807
106,304
Cash at bank and in hand
93,157
258,587
Creditors: amounts falling due within one year
(169,162)
(158,430)
Net current assets
256,694
312,370
Net assets
284,267
439,220
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
Wilmshurst Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 (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 are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Wilmshurst Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
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
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
At 31 March 2024
10,571
1
1
10,573
At 31 March 2023
109,571
173
106
109,850
Amounts falling due within one year
Trade debtors
77,536
92,876
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
156,197
114,094
Taxes and social security
3,493
26,848
Loans from directors
-
1,592
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).