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REGISTERED NUMBER: 01171705 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Norman Wildblood and Co. Limited

Norman Wildblood and Co. Limited (Registered number: 01171705)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Norman Wildblood and Co. Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R Morris
G Hicks
D Farley
A Burrows





SECRETARY: G Hicks





REGISTERED OFFICE: 2 Station Road
Heathfield
East Sussex
TN21 8LB





REGISTERED NUMBER: 01171705 (England and Wales)





ACCOUNTANTS: G. A. Hicks - Accountant
14 Meadow Way
Heathfield
East Sussex
TN21 8AL

Norman Wildblood and Co. Limited (Registered number: 01171705)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of electrical contractors and retailers.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

R Morris
G Hicks
D Farley
A Burrows

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G Hicks - Secretary


3 December 2024

Norman Wildblood and Co. Limited (Registered number: 01171705)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 1,121,268 969,301

Cost of sales 729,944 661,239
GROSS PROFIT 391,324 308,062

Administrative expenses 264,316 234,245
127,008 73,817

Other operating income - 4,528
OPERATING PROFIT and
PROFIT BEFORE TAXATION 127,008 78,345

Tax on profit 29,573 17,203
PROFIT FOR THE FINANCIAL YEAR 97,435 61,142

Norman Wildblood and Co. Limited (Registered number: 01171705)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 45,343 38,831

CURRENT ASSETS
Stocks 50,295 62,250
Debtors 6 147,191 110,404
Cash at bank and in hand 173,241 195,624
370,727 368,278
CREDITORS
Amounts falling due within one year 7 114,369 140,839
NET CURRENT ASSETS 256,358 227,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,701

266,270

PROVISIONS FOR LIABILITIES 10,561 6,315
NET ASSETS 291,140 259,955

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 17,273 17,273
Retained earnings 272,867 241,682
291,140 259,955

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.

Norman Wildblood and Co. Limited (Registered number: 01171705)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





D Farley - Director


Norman Wildblood and Co. Limited (Registered number: 01171705)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Norman Wildblood and Co. 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Norman Wildblood and Co. Limited (Registered number: 01171705)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 11,485 12,478

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 75,309 75,075 150,384
Additions 873 23,790 24,663
Disposals - (11,850 ) (11,850 )
At 31 May 2024 76,182 87,015 163,197
DEPRECIATION
At 1 June 2023 69,987 41,566 111,553
Charge for year 1,094 10,391 11,485
Eliminated on disposal - (5,184 ) (5,184 )
At 31 May 2024 71,081 46,773 117,854
NET BOOK VALUE
At 31 May 2024 5,101 40,242 45,343
At 31 May 2023 5,322 33,509 38,831

Norman Wildblood and Co. Limited (Registered number: 01171705)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 143,941 110,404
Other debtors 3,250 -
147,191 110,404

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 46,485 92,041
Taxation and social security 62,989 45,165
Other creditors 4,895 3,633
114,369 140,839

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
A Burrows
Balance outstanding at start of year - -
Amounts advanced 3,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,250 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Morris.