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REGISTERED NUMBER: 00571935 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

W.J. (BILL) TILLSTON LIMITED

W.J. (BILL) TILLSTON LIMITED (REGISTERED NUMBER: 00571935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


W.J. (BILL) TILLSTON LIMITED (REGISTERED NUMBER: 00571935)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 321,539 333,854
Investment property 5 125,000 125,000
446,539 458,854

CURRENT ASSETS
Stocks 1,105,256 1,038,693
Debtors 45,684 50,962
Cash in hand 460 717
1,151,400 1,090,372
CREDITORS
Amounts falling due within one year 852,327 820,742
NET CURRENT ASSETS 299,073 269,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,612

728,484

CREDITORS
Amounts falling due after more than one
year

(38,779

)

(32,500

)

PROVISIONS FOR LIABILITIES (2,772 ) (5,080 )
NET ASSETS 704,061 690,904

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 7 50,937 50,937
Retained earnings 651,124 637,967
704,061 690,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

W.J. (BILL) TILLSTON LIMITED (REGISTERED NUMBER: 00571935)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




Mr R W Tillston - Director



Mr P Robinson - Director


W.J. (BILL) TILLSTON LIMITED (REGISTERED NUMBER: 00571935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

W.J. (Bill) Tillston Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00571935

Registered office: 52 Yarm Lane
Stockton-on-Tees
Cleveland
TS18 1ER

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax and discounts allowed. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


W.J. (BILL) TILLSTON LIMITED (REGISTERED NUMBER: 00571935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2023 610,967
Additions 32,640
Disposals (34,091 )
At 31 December 2023 609,516
DEPRECIATION
At 1 January 2023 277,113
Charge for year 27,290
Eliminated on disposal (16,426 )
At 31 December 2023 287,977
NET BOOK VALUE
At 31 December 2023 321,539
At 31 December 2022 333,854


W.J. (BILL) TILLSTON LIMITED (REGISTERED NUMBER: 00571935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 125,000
NET BOOK VALUE
At 31 December 2023 125,000
At 31 December 2022 125,000

Fair value at 31 December 2023 is represented by:
£
Valuation in 2015 50,937
Cost 74,063
125,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Trade creditors 322,914 414,980

7. RESERVES
Fair value
reserve
£
At 1 January 2023
and 31 December 2023 50,937

8. POST BALANCE SHEET EVENTS

Dividends of £0.56 per share were declared on 25 March 2024.