IRIS Accounts Production v24.3.0.553 11178950 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111789502023-01-31111789502024-01-31111789502023-02-012024-01-31111789502022-01-31111789502022-02-012023-01-31111789502023-01-3111178950ns15:EnglandWales2023-02-012024-01-3111178950ns14:PoundSterling2023-02-012024-01-3111178950ns10:Director12023-02-012024-01-3111178950ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111178950ns10:SmallEntities2023-02-012024-01-3111178950ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111178950ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111178950ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111178950ns10:FullAccounts2023-02-012024-01-3111178950ns10:Director22023-02-012024-01-3111178950ns10:RegisteredOffice2023-02-012024-01-3111178950ns5:CurrentFinancialInstruments2024-01-3111178950ns5:CurrentFinancialInstruments2023-01-3111178950ns5:Non-currentFinancialInstruments2024-01-3111178950ns5:Non-currentFinancialInstruments2023-01-3111178950ns5:ShareCapital2024-01-3111178950ns5:ShareCapital2023-01-3111178950ns5:RetainedEarningsAccumulatedLosses2024-01-3111178950ns5:RetainedEarningsAccumulatedLosses2023-01-3111178950ns5:PlantMachinery2023-02-012024-01-3111178950ns5:PlantMachinery2023-01-3111178950ns5:PlantMachinery2024-01-3111178950ns5:PlantMachinery2023-01-3111178950ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111178950ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111178950ns10:Director222023-01-3111178950ns10:Director222022-01-3111178950ns10:Director222023-02-012024-01-3111178950ns10:Director222022-02-012023-01-3111178950ns10:Director222024-01-3111178950ns10:Director222023-01-31111789501ns10:Director12023-01-31111789501ns10:Director12022-01-31111789501ns10:Director12023-02-012024-01-31111789501ns10:Director12022-02-012023-01-31111789501ns10:Director12024-01-31111789501ns10:Director12023-01-31
REGISTERED NUMBER: 11178950 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WILLS LEISURE LIMITED

WILLS LEISURE LIMITED (REGISTERED NUMBER: 11178950)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLS LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs D M Wills





REGISTERED OFFICE: The Barley Sheaf
Old Bridge Street
Truro
TR1 2AQ





REGISTERED NUMBER: 11178950 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

WILLS LEISURE LIMITED (REGISTERED NUMBER: 11178950)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,323 1,581

CURRENT ASSETS
Stocks 8,500 8,000
Debtors 5 64,381 99,889
Cash at bank and in hand 28,389 4,643
101,270 112,532
CREDITORS
Amounts falling due within one year 6 (103,444 ) (115,298 )
NET CURRENT LIABILITIES (2,174 ) (2,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(851

)

(1,185

)

CREDITORS
Amounts falling due after more than one
year

7

(18,416

)

(23,168

)
NET LIABILITIES (19,267 ) (24,353 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (19,269 ) (24,355 )
(19,267 ) (24,353 )

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 director acknowledges her 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.

WILLS LEISURE LIMITED (REGISTERED NUMBER: 11178950)

BALANCE SHEET - continued
31 JANUARY 2024


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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





K L Wills - Director


WILLS LEISURE LIMITED (REGISTERED NUMBER: 11178950)

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

1. STATUTORY INFORMATION

Wills Leisure 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 etc - 20% 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 Profit & Loss, 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.

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 7 (2023 - 8 ) .

WILLS LEISURE LIMITED (REGISTERED NUMBER: 11178950)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 2,308
Additions 254
At 31 January 2024 2,562
DEPRECIATION
At 1 February 2023 727
Charge for year 512
At 31 January 2024 1,239
NET BOOK VALUE
At 31 January 2024 1,323
At 31 January 2023 1,581

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 9,724 30,997
Other debtors 54,657 68,892
64,381 99,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,737 10,125
Trade creditors 2,065 -
Amounts owed to group undertakings 19,177 60,751
Taxation and social security 25,359 33,048
Other creditors 4,106 11,374
103,444 115,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,416 23,168

WILLS LEISURE LIMITED (REGISTERED NUMBER: 11178950)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs D M Wills
Balance outstanding at start of year 59,710 29,750
Amounts advanced - 31,004
Amounts repaid (33,725 ) (1,044 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,985 59,710

K L Wills
Balance outstanding at start of year - 29,749
Amounts repaid - (29,749 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -