R Wiles Ltd |
Registered number: |
08920214 |
Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
571 |
|
|
714 |
|
Current assets |
Stocks |
1 |
|
940 |
|
|
940 |
Debtors |
4 |
|
580 |
|
|
1,855 |
Cash at bank and in hand |
|
|
4,205 |
|
|
4,930 |
|
|
|
5,725 |
|
|
7,725 |
|
Creditors: amounts falling due within one year |
5 |
|
(5,827) |
|
|
(4,116) |
|
Net current (liabilities)/assets |
|
|
|
(102) |
|
|
3,609 |
|
Total assets less current liabilities |
|
|
|
469 |
|
|
4,323 |
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
369 |
|
|
4,223 |
|
Shareholders' funds |
|
|
|
469 |
|
|
4,323 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
M J Wiles |
Director |
Approved by the board on 9 September 2024 |
|
R Wiles Ltd |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
20% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
|
|
|
|
|
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
Average number of persons employed by the company |
2 |
|
2 |
|
3 |
Tangible fixed assets |
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2023 |
1,140 |
|
7,601 |
|
8,741 |
|
At 31 March 2024 |
1,140 |
|
7,601 |
|
8,741 |
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
928 |
|
7,099 |
|
8,027 |
|
Charge for the year |
42 |
|
101 |
|
143 |
|
At 31 March 2024 |
970 |
|
7,200 |
|
8,170 |
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
170 |
|
401 |
|
571 |
|
At 31 March 2023 |
212 |
|
502 |
|
714 |
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
580 |
|
1,855 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
2,325 |
|
- |
|
Directors current account |
|
2,851 |
|
2,839 |
|
Taxation and social security costs |
(249) |
|
377 |
|
Other creditors |
900 |
|
900 |
|
|
|
|
|
5,827 |
|
4,116 |
|
6 |
Related party transactions |
|
There were no related party transactions during the year. |
|
|
7 |
Controlling party |
|
The company is under the control of M J Wiles by virtue of his shareholding. |
|
|
|
8 |
Other information |
|
|
R Wiles Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
130 Manor Green Road |
|
Epsom |
|
KT19 8LN |