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REGISTERED NUMBER: 08545443 (England and Wales)















WILLAN HOUSE (STAINFIELD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WILLAN HOUSE (STAINFIELD) LIMITED (REGISTERED NUMBER: 08545443)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


WILLAN HOUSE (STAINFIELD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Shiers
Mrs C Shiers





REGISTERED OFFICE: Willan House
Stainfield
Wragby
Market Rasen
Lincolnshire
LN8 5JL





REGISTERED NUMBER: 08545443 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

WILLAN HOUSE (STAINFIELD) LIMITED (REGISTERED NUMBER: 08545443)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,106 68,044

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 13,622 33,232
Cash at bank and in hand 72,304 74,560
93,426 115,292
CREDITORS
Amounts falling due within one year 6 32,197 29,330
NET CURRENT ASSETS 61,229 85,962
TOTAL ASSETS LESS CURRENT LIABILITIES 140,335 154,006

CREDITORS
Amounts falling due after more than one year 7 (18,334 ) (28,333 )

PROVISIONS FOR LIABILITIES (4,406 ) (3,027 )
NET ASSETS 117,595 122,646

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 117,495 122,546
SHAREHOLDERS' FUNDS 117,595 122,646

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 8 November 2024 and were signed on its behalf by:





Mrs C Shiers - Director


WILLAN HOUSE (STAINFIELD) LIMITED (REGISTERED NUMBER: 08545443)

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

1. STATUTORY INFORMATION

Willan House (Stainfield) 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. 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 represents amounts charged to customers for services provided during the year.

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 - 33% on cost, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and not provided

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the income statement 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 the income statement in the period to which they relate.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

WILLAN HOUSE (STAINFIELD) LIMITED (REGISTERED NUMBER: 08545443)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 95,098
Additions 14,747
Disposals (5,999 )
At 31 May 2024 103,846
DEPRECIATION
At 1 June 2023 27,054
Charge for year 3,085
Eliminated on disposal (5,399 )
At 31 May 2024 24,740
NET BOOK VALUE
At 31 May 2024 79,106
At 31 May 2023 68,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 1,715
Other debtors 13,622 31,517
13,622 33,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,125 9,388
Taxation and social security 7,947 2,930
Other creditors 8,125 7,012
32,197 29,330

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 18,334 28,333

8. LEASING AGREEMENTS
There are minimum lease payments under non-cancellable operating leases due totalling £97,200 (2023 - £112,800).

WILLAN HOUSE (STAINFIELD) LIMITED (REGISTERED NUMBER: 08545443)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account brought forward of £18,305 overdrawn (2023 £1,180 in credit). During the year the directors of the company borrowed £50,399 (2023 £61,427) and repaid £65,117 (2023 £41,942). The balance at the end of the year totalled £3,587 overdrawn (2023 £18,305 overdrawn).