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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
Page
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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
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Wilkes Engineering & Machinery Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
113,490 
63,416 
Current assets
Inventories
6,000 
6,000 
Debtors
33,120 
1,961 
Cash at bank and in hand
194,889 
92,855 
234,009 
100,816 
Creditors: amounts falling due within one year
(82,198)
(45,781)
Net current assets
151,811 
55,035 
Net assets
265,301 
118,451 
Capital and reserves
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
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Wilkes Engineering & Machinery Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Motor vehicles
2 years
Computer equipment
4 - 5 years
Inventories
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 taxation
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.
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Wilkes Engineering & Machinery Limited Notes to the Accounts for the year ended 30 April 2024
Leased assets
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 
Depreciation
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 
Net book value
At 30 April 2024
110,153 
2,750 
587 
113,490 
At 30 April 2023
56,697 
5,500 
1,219 
63,416 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,120 
1,961 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,308 
14,426 
Trade creditors
1,547 
3,349 
Taxes and social security
30,456 
11,015 
Loans from directors
31,887 
16,991 
82,198 
45,781 
7
Share capital
2024 
2023 
£ 
£ 
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).
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