WILSON'S RESTRINGING SERVICE LIMITED

Company Registration Number:
08286408 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WILSON'S RESTRINGING SERVICE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

WILSON'S RESTRINGING SERVICE LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 5,077 3,780
Total fixed assets: 5,077 3,780
Current assets
Stocks: 4 8,691 8,714
Debtors: 5 18,025 23,505
Cash at bank and in hand: 18,380 9,314
Total current assets: 45,096 41,533
Creditors: amounts falling due within one year: 6 ( 26,343 ) ( 22,331 )
Net current assets (liabilities): 18,753 19,202
Total assets less current liabilities: 23,830 22,982
Creditors: amounts falling due after more than one year: 7 ( 10,884 ) ( 16,485 )
Total net assets (liabilities): 12,946 6,497
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 12,846 6,397
Total Shareholders' funds: 12,946 6,497

The notes form part of these financial statements

WILSON'S RESTRINGING SERVICE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Mrs N Barley
Status: Director

The notes form part of these financial statements

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant & Machinery -15% reducing balance Office Equipment -20% reducing balance

    Valuation information and policy

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

    Other accounting policies

    The taxation expense represents the aggregate amount of current tax recognised in the reporting period.

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 5

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 8,599 0 8,599
Additions 2,330 2,330
Disposals
Revaluations
Transfers
At 31 December 2023 8,599 2,330 10,929
Depreciation
At 1 January 2023 4,819 0 4,819
Charge for year 567 466 1,033
On disposals
Other adjustments
At 31 December 2023 5,386 466 5,852
Net book value
At 31 December 2023 3,213 1,864 5,077
At 31 December 2022 3,780 0 3,780

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 8,691 8,714
Total 8,691 8,714

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 14,058 8,420
Other debtors 3,967 15,085
Total 18,025 23,505

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,558 5,558
Trade creditors 3,344 2,822
Taxation and social security 13,655 12,686
Accruals and deferred income 1,390 1,265
Other creditors 2,396 0
Total 26,343 22,331

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 10,884 16,485
Total 10,884 16,485

WILSON'S RESTRINGING SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Loans to directors

The Director's overdrawn loan was repaid in the year and remained in credit thereafter. The maximum indebtedness in this respect was £11,118 at the start of the year, and year-end balance was £2,396, in credit. Official rate interest is applied to overdrawn loans for tax purposes.