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REGISTERED NUMBER: 03630960 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WILSON PUBLICATIONS & ASSOCIATES LIMITED

WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILSON PUBLICATIONS & ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: B Wilson
T K Wilson
J R Wilson
D C Wilson





SECRETARY: B Wilson





REGISTERED OFFICE: Moss Side Farm
Cutts Lane
Hambleton
Poulton-Le-Fylde
Lancashire
FY6 9DF





REGISTERED NUMBER: 03630960 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 53,620 58,700
53,620 58,700

CURRENT ASSETS
Stocks 7 5,876 38,104
Debtors 8 78,078 72,823
Cash at bank and in hand 174,399 189,252
258,353 300,179
CREDITORS
Amounts falling due within one year 9 23,892 15,708
NET CURRENT ASSETS 234,461 284,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,081

343,171

CREDITORS
Amounts falling due after more than one
year

10

(82,361

)

(147,007

)

PROVISIONS FOR LIABILITIES 11 (8,119 ) (8,466 )
NET ASSETS 197,601 187,698

CAPITAL AND RESERVES
Called up share capital 12 1,350 1,350
Retained earnings 196,251 186,348
SHAREHOLDERS' FUNDS 197,601 187,698

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

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

WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

BALANCE SHEET - continued
31 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 5 November 2024 and were signed on its behalf by:




B Wilson - Director J R Wilson - Director




T K Wilson - Director


WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Wilson Publications & Associates Limited is a private company, limited by shares, registered in England and Wales. The registered office address can be found on the company information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been amortised in full.

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.
Improvements to property - 20% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

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.


WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 13,658 14,275 75,155
Additions - - -
At 31 March 2024 13,658 14,275 75,155
DEPRECIATION
At 1 April 2023 - 11,281 38,102
Charge for year - 599 7,516
At 31 March 2024 - 11,880 45,618
NET BOOK VALUE
At 31 March 2024 13,658 2,395 29,537
At 31 March 2023 13,658 2,994 37,053

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 19,597 66,803 189,488
Additions - 4,677 4,677
At 31 March 2024 19,597 71,480 194,165
DEPRECIATION
At 1 April 2023 18,849 62,556 130,788
Charge for year 150 1,492 9,757
At 31 March 2024 18,999 64,048 140,545
NET BOOK VALUE
At 31 March 2024 598 7,432 53,620
At 31 March 2023 748 4,247 58,700

7. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 5,876 38,104

WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 54,466 48,580
Other debtors 20,000 20,000
VAT 2,159 345
Prepayments 1,453 3,898
78,078 72,823

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1,285
Tax 16,039 8,895
Social security and other taxes 1,524 198
Other creditors 901 -
Accrued expenses 5,428 5,330
23,892 15,708

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' loan account 82,361 147,007

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 8,119 8,466

Deferred
tax
£   
Balance at 1 April 2023 8,466
Provided during year (347 )
Balance at 31 March 2024 8,119

WILSON PUBLICATIONS & ASSOCIATES LIMITED (REGISTERED NUMBER: 03630960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
200 Ordinary B £1 200 200
50 Ordinary C £1 50 50
1,350 1,350

13. ULTIMATE CONTROLLING PARTY

Ultimate control of the business is jointly held by Mr T K Wilson and Mr J R Wilson.