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WILKINSON AND WILSON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILKINSON AND WILSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: B Wilkinson
R J Wilson





REGISTERED OFFICE: Fairfax House
6A Mill Field Road
Cottingley Business Park
BINGLEY
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 06676744 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,503 23,343
45,503 23,343

CURRENT ASSETS
Stocks 1,767 1,894
Debtors 6 3,216 3,619
Cash at bank and in hand 41,185 53,969
46,168 59,482
CREDITORS
Amounts falling due within one year 7 84,207 76,254
NET CURRENT LIABILITIES (38,039 ) (16,772 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,464 6,571

PROVISIONS FOR LIABILITIES 9 5,148 3,803
NET ASSETS 2,316 2,768

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 2,314 2,766
SHAREHOLDERS' FUNDS 2,316 2,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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

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 July 2024 and were signed on its behalf by:




B Wilkinson - Director



R J Wilson - Director


WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Wilkinson and Wilson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.


WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 20,000
AMORTISATION
At 1 October 2022
and 30 September 2023 20,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 3,351 35,013 29,236 3,450 71,050
Additions 11,235 - 22,900 - 34,135
At 30 September 2023 14,586 35,013 52,136 3,450 105,185
DEPRECIATION
At 1 October 2022 3,351 31,065 10,325 2,966 47,707
Charge for year 2,247 790 8,545 393 11,975
At 30 September 2023 5,598 31,855 18,870 3,359 59,682
NET BOOK VALUE
At 30 September 2023 8,988 3,158 33,266 91 45,503
At 30 September 2022 - 3,948 18,911 484 23,343

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 1,579 2,626
Prepayments 1,637 993
3,216 3,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 1,967
Trade creditors 24,727 16,774
Tax 13,227 19,583
Social security and other taxes - 464
Pension Control Account 135 135
VAT 15,377 8,228
Directors' current accounts 27,993 26,483
Accrued expenses 2,748 2,620
84,207 76,254

The loans from directors are interest free and repayable on demand.

WILKINSON AND WILSON LIMITED (REGISTERED NUMBER: 06676744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans - 1,967

Bank loans are secured by a fixed and floating charge over the assets of the company.

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 5,148 3,803

Deferred
tax
£   
Balance at 1 October 2022 3,803
Accelerated Capital Allowances 1,345
Balance at 30 September 2023 5,148

The entire provision for deferred taxation relates to accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party, however, the directors acting together control the company.