Company Registration No. 10105905 (England and Wales)
Wilkes Engineering & Machinery Limited
Unaudited accounts
for the year ended 30 April 2024
Wilkes Engineering & Machinery Limited
Unaudited accounts
Contents
Wilkes Engineering & Machinery Limited
Company Information
for the year ended 30 April 2024
Directors
Gemma Wilkes
Adrian Wilkes
Company Number
10105905 (England and Wales)
Registered Office
108 Preston Road
Yeovil
Somerset
BA20 2DY
England
Accountants
Wessex Commercial Solutions Limited
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Wilkes Engineering & Machinery Limited
Statement of financial position
as at 30 April 2024
Tangible assets
113,490
63,416
Cash at bank and in hand
194,889
92,855
Creditors: amounts falling due within one year
(82,198)
(45,781)
Net current assets
151,811
55,035
Net assets
265,301
118,451
Called up share capital
2
2
Profit and loss account
265,299
118,449
Shareholders' funds
265,301
118,451
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Gemma Wilkes
Director
Company Registration No. 10105905
Wilkes Engineering & Machinery Limited
Notes to the Accounts
for the year ended 30 April 2024
Wilkes Engineering & Machinery Limited is a private company, limited by shares, registered in England and Wales, registration number 10105905. The registered office is 108 Preston Road, , Yeovil, Somerset, BA20 2DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
at varying rates on cost
Computer equipment
4 - 5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Wilkes Engineering & Machinery Limited
Notes to the Accounts
for the year ended 30 April 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
81,982
12,500
2,158
96,640
Additions
75,858
-
-
75,858
At 30 April 2024
157,840
12,500
2,158
172,498
At 1 May 2023
25,285
7,000
939
33,224
Charge for the year
22,402
2,750
632
25,784
At 30 April 2024
47,687
9,750
1,571
59,008
At 30 April 2024
110,153
2,750
587
113,490
At 30 April 2023
56,697
5,500
1,219
63,416
Amounts falling due within one year
Trade debtors
33,120
1,961
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,547
3,349
Taxes and social security
30,456
11,015
Loans from directors
31,887
16,991
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).