IRIS Accounts Production v24.2.0.383 04932785 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049327852023-03-31049327852024-03-31049327852023-04-012024-03-31049327852022-03-31049327852022-04-012023-03-31049327852023-03-3104932785ns15:EnglandWales2023-04-012024-03-3104932785ns14:PoundSterling2023-04-012024-03-3104932785ns10:Director12023-04-012024-03-3104932785ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104932785ns10:SmallEntities2023-04-012024-03-3104932785ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104932785ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104932785ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104932785ns10:FullAccounts2023-04-012024-03-310493278512023-04-012024-03-3104932785ns10:OrdinaryShareClass12023-04-012024-03-3104932785ns10:Director22023-04-012024-03-3104932785ns10:CompanySecretary12023-04-012024-03-3104932785ns10:RegisteredOffice2023-04-012024-03-3104932785ns5:CurrentFinancialInstruments2024-03-3104932785ns5:CurrentFinancialInstruments2023-03-3104932785ns5:Non-currentFinancialInstruments2024-03-3104932785ns5:Non-currentFinancialInstruments2023-03-3104932785ns5:ShareCapital2024-03-3104932785ns5:ShareCapital2023-03-3104932785ns5:RetainedEarningsAccumulatedLosses2024-03-3104932785ns5:RetainedEarningsAccumulatedLosses2023-03-3104932785ns5:NetGoodwill2023-04-012024-03-3104932785ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104932785ns5:PlantMachinery2023-04-012024-03-3104932785ns5:FurnitureFittings2023-04-012024-03-3104932785ns5:MotorVehicles2023-04-012024-03-3104932785ns5:NetGoodwill2023-03-3104932785ns5:NetGoodwill2024-03-3104932785ns5:NetGoodwill2023-03-3104932785ns5:PlantMachinery2023-03-3104932785ns5:FurnitureFittings2023-03-3104932785ns5:MotorVehicles2023-03-3104932785ns5:PlantMachinery2024-03-3104932785ns5:FurnitureFittings2024-03-3104932785ns5:MotorVehicles2024-03-3104932785ns5:PlantMachinery2023-03-3104932785ns5:FurnitureFittings2023-03-3104932785ns5:MotorVehicles2023-03-3104932785ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104932785ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104932785ns5:Secured2024-03-3104932785ns5:Secured2023-03-3104932785ns5:DeferredTaxation2023-03-3104932785ns5:DeferredTaxation2024-03-3104932785ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04932785 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: N S Wilmot
Mrs T M Wilmot





SECRETARY: Mrs T M Wilmot





REGISTERED OFFICE: Unit 30
The Industrial Estate
Hutton Cranswick
Driffield
East Yorkshire
YO25 9PF





REGISTERED NUMBER: 04932785 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,383 25,845
19,383 25,845

CURRENT ASSETS
Stocks 12,335 12,255
Debtors 6 27,753 45,725
40,088 57,980
CREDITORS
Amounts falling due within one year 7 44,995 59,172
NET CURRENT LIABILITIES (4,907 ) (1,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,476

24,653

CREDITORS
Amounts falling due after more than one
year

8

-

(1,300

)

PROVISIONS FOR LIABILITIES 10 (3,683 ) (8,184 )
NET ASSETS 10,793 15,169

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 10,693 15,069
SHAREHOLDERS' FUNDS 10,793 15,169

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

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

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2024 and were signed on its behalf by:





N S Wilmot - Director


N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

N.S. Wilmot (Sheet Metal Fabrication) 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 represents net invoiced sales of manufactured products, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicle - 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.

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.

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 20,000
AMORTISATION
At 1st April 2023
and 31st March 2024 20,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicle Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 187,333 4,410 23,950 215,693
DEPRECIATION
At 1st April 2023 165,347 3,749 20,752 189,848
Charge for year 5,497 165 800 6,462
At 31st March 2024 170,844 3,914 21,552 196,310
NET BOOK VALUE
At 31st March 2024 16,489 496 2,398 19,383
At 31st March 2023 21,986 661 3,198 25,845

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)

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

5. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £ 7,563 (2023 - £ 10,085 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,680 40,460
Amounts recoverable on contracts 3,073 5,265
27,753 45,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank overdraft 20,004 20,667
Hire purchase contracts 1,300 6,300
Trade creditors 7,363 7,874
Taxation and social security 10,982 9,201
Other creditors 5,346 15,130
44,995 59,172

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 1,300

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 20,004 20,667
Hire purchase contracts 1,300 7,600
21,304 28,267

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,683 8,184

N.S. WILMOT (SHEET METAL FABRICATION)
LIMITED (REGISTERED NUMBER: 04932785)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 8,184
Accelerated capital allowances (4,501 )
Balance at 31st March 2024 3,683

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100