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REGISTERED NUMBER: SC308529 (Scotland)









WILKIE & RIDER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


WILKIE & RIDER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: W Wilkie
S A Wilkie
W I Wilkie





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC308529 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WILKIE & RIDER LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wilkie & Rider Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wilkie & Rider Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wilkie & Rider Limited and state those matters that we have agreed to state to the Board of Directors of Wilkie & Rider Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wilkie & Rider Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wilkie & Rider Limited. You consider that Wilkie & Rider Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wilkie & Rider Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


3rd December 2024

WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 208,572 229,039
Tangible assets 5 317,750 334,115
526,322 563,154

CURRENT ASSETS
Stocks 63,244 67,540
Debtors 6 126,609 132,887
Cash at bank and in hand 2,098 7,704
191,951 208,131
CREDITORS
Amounts falling due within one year 7 340,429 312,795
NET CURRENT LIABILITIES (148,478 ) (104,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,844

458,490

CREDITORS
Amounts falling due after more than one
year

8

(240,047

)

(275,075

)

PROVISIONS FOR LIABILITIES (75,752 ) (63,482 )
NET ASSETS 62,045 119,933

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 61,945 119,833
SHAREHOLDERS' FUNDS 62,045 119,933

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.

WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

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 3rd December 2024 and were signed on its behalf by:





S A Wilkie - Director


WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

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

1. STATUTORY INFORMATION

Wilkie & Rider Limited is a private company, limited by shares , registered in Scotland. 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
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Goodwill
Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life of 15 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & fittings- 15/25% reducing balance
Computer equipment- 15% straight line

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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

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

2. ACCOUNTING POLICIES - continued
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
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 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 289,000 6,000 295,000
AMORTISATION
At 1st April 2023 65,361 600 65,961
Amortisation for year 19,267 1,200 20,467
At 31st March 2024 84,628 1,800 86,428
NET BOOK VALUE
At 31st March 2024 204,372 4,200 208,572
At 31st March 2023 223,639 5,400 229,039

WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 198,996 360,685 5,767 565,448
Additions - 15,507 1,059 16,566
At 31st March 2024 198,996 376,192 6,826 582,014
DEPRECIATION
At 1st April 2023 - 230,106 1,227 231,333
Charge for year - 32,026 905 32,931
At 31st March 2024 - 262,132 2,132 264,264
NET BOOK VALUE
At 31st March 2024 198,996 114,060 4,694 317,750
At 31st March 2023 198,996 130,579 4,540 334,115

Fixed assets, included in the above, which are held under finance leases are as follows:
Fixtures
and
fittings
£   
COST
At 1st April 2023 239,490
Additions 11,800
At 31st March 2024 251,290
DEPRECIATION
At 1st April 2023 133,412
Charge for year 28,240
At 31st March 2024 161,652
NET BOOK VALUE
At 31st March 2024 89,638
At 31st March 2023 106,078

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,013 1,927
Other debtors 120,596 130,960
126,609 132,887

WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 75,655 50,319
Finance leases 25,429 40,235
Trade creditors 78,167 61,286
Taxation and social security 56,099 41,392
Other creditors 105,079 119,563
340,429 312,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 183,513 204,092
Finance leases 56,534 70,983
240,047 275,075

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 44,341 29,183
Bank loans 31,314 21,136
Other loans 20,000 25,000
95,655 75,319

Amounts falling due between one and two years:
Bank loans - 1-2 years 24,281 14,846

Amounts falling due between two and five years:
Bank loans - 2-5 years 159,232 189,246

WILKIE & RIDER LIMITED (REGISTERED NUMBER: SC308529)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid


Number Class: Nominal 30.03.23 30.03.23
Value: £    £

34 A Ordinary 1 34 34
25 B Ordinary 1 25 25
33 C Ordinary 1 33 33
8 D Ordinary 1 8 8
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
W Wilkie
Balance outstanding at start of year (15,442 ) (15,071 )
Amounts advanced 40,375 54,131
Amounts repaid (22,198 ) (54,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,735 (15,442 )

This loan bears no interest and was repaid after the year end.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.