IRIS Accounts Production v24.2.0.383 07399639 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073996392022-12-31073996392023-12-31073996392023-01-012023-12-31073996392021-12-31073996392022-01-012022-12-31073996392022-12-3107399639ns15:EnglandWales2023-01-012023-12-3107399639ns14:PoundSterling2023-01-012023-12-3107399639ns10:Director12023-01-012023-12-3107399639ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107399639ns10:SmallEntities2023-01-012023-12-3107399639ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107399639ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107399639ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107399639ns10:FullAccounts2023-01-012023-12-3107399639ns10:RegisteredOffice2023-01-012023-12-3107399639ns5:CurrentFinancialInstruments2023-12-3107399639ns5:CurrentFinancialInstruments2022-12-3107399639ns5:Non-currentFinancialInstruments2023-12-3107399639ns5:Non-currentFinancialInstruments2022-12-3107399639ns5:ShareCapital2023-12-3107399639ns5:ShareCapital2022-12-3107399639ns5:RetainedEarningsAccumulatedLosses2023-12-3107399639ns5:RetainedEarningsAccumulatedLosses2022-12-3107399639ns5:PlantMachinery2022-12-3107399639ns5:MotorVehicles2022-12-3107399639ns5:PlantMachinery2023-01-012023-12-3107399639ns5:MotorVehicles2023-01-012023-12-3107399639ns5:PlantMachinery2023-12-3107399639ns5:MotorVehicles2023-12-3107399639ns5:PlantMachinery2022-12-3107399639ns5:MotorVehicles2022-12-3107399639ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107399639ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 07399639 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Wilson Building Solutions Limited

Wilson Building Solutions Limited (Registered number: 07399639)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wilson Building Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R J Wilson



REGISTERED OFFICE: 12 Jacobs Close
Utterby
LOUTH
Lincolnshire
LN11 0GJ



REGISTERED NUMBER: 07399639 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Tide
5Th Floor 1 Appold Street
LONDON
EC2A 2UT

Wilson Building Solutions Limited (Registered number: 07399639)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,493 6,866

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 5 25,448 47,813
Cash at bank 1,463 1,647
51,911 74,460
CREDITORS
Amounts falling due within one year 6 272,067 307,093
NET CURRENT LIABILITIES (220,156 ) (232,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(214,663

)

(225,767

)

CREDITORS
Amounts falling due after more than
one year

7

41,407

48,123
NET LIABILITIES (256,070 ) (273,890 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (256,072 ) (273,892 )
(256,070 ) (273,890 )

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 director acknowledges his 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.

Wilson Building Solutions Limited (Registered number: 07399639)

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.

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

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





R J Wilson - Director


Wilson Building Solutions Limited (Registered number: 07399639)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wilson Building Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.


Wilson Building Solutions Limited (Registered number: 07399639)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 17,325 3,999 21,324
DEPRECIATION
At 1 January 2023 13,551 907 14,458
Charge for year 755 618 1,373
At 31 December 2023 14,306 1,525 15,831
NET BOOK VALUE
At 31 December 2023 3,019 2,474 5,493
At 31 December 2022 3,774 3,092 6,866

Wilson Building Solutions Limited (Registered number: 07399639)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,000 44,400
VAT 448 3,413
25,448 47,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,928 -
Other loans 5,000 1,251
Trade creditors 9,810 11,647
Other creditors 124,551 140,936
Directors' current accounts 119,278 131,759
Accruals and deferred income 1,500 21,500
272,067 307,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 5,000 1,251
Other loans - 2-5 years 15,000 3,754
Other loans more 5yrs instal 21,407 43,118
41,407 48,123

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 21,407 43,118

8. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are directors current accounts balances of £119,278 (2022 £131,759). These balances are unsecured, interest free and repayable on demand.