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REGISTERED NUMBER: 03101459 (England and Wales)










WILSON ELECTRIC (MOTOR SALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






WILSON ELECTRIC (MOTOR SALES) LIMITED (REGISTERED NUMBER: 03101459)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILSON ELECTRIC (MOTOR SALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr G C Brooker
Mrs J M Plumbridge



SECRETARY: Mrs J M Plumbridge



REGISTERED OFFICE: 51 Willow Lane
Willow Lane Trading Estate
Mitcham
Surrey
CR4 4NA



REGISTERED NUMBER: 03101459 (England and Wales)



ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP



BANKERS: NatWest Bank plc
PO Box 3203
66-68 St John's Road
Clapham Junction
London
SW11 1PB

WILSON ELECTRIC (MOTOR SALES) LIMITED (REGISTERED NUMBER: 03101459)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Stocks - 55,040
Debtors 5 202 330
Cash at bank 2,504 6,972
2,706 62,342
CREDITORS
Amounts falling due within one year 6 1,927 44,782
NET CURRENT ASSETS 779 17,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

779

17,560

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (221 ) 16,560
SHAREHOLDERS' FUNDS 779 17,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





Mrs J M Plumbridge - Director


WILSON ELECTRIC (MOTOR SALES) LIMITED (REGISTERED NUMBER: 03101459)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Wilson Electric (Motor Sales) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 144
Other debtors 202 186
202 330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security - 24
Other creditors 1,927 44,758
1,927 44,782

WILSON ELECTRIC (MOTOR SALES) LIMITED (REGISTERED NUMBER: 03101459)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. RELATED PARTY DISCLOSURES

The company is controlled by the directors by virtue of their majority shareholdings.

The Directors also have a controlling interest in Wilson Electric (Battersea) Limited. The bank overdrafts of the two companies are cross guaranteed and secured by way of debenture against the assets of Wilson Electric (Battersea) Limited.

Included in other creditors is an amount of £27 owed to Wilson Electric (Motor Sales) Limited, where Mr G C Brooker and Mrs J M Plumbridge are directors and shareholders.