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REGISTERED NUMBER: 07660532 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WILLSECURE LIMITED

WILLSECURE LIMITED (REGISTERED NUMBER: 07660532)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLSECURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: K L Wills





REGISTERED OFFICE: 47a Cross Street
CAMBORNE
Cornwall
TR14 8ET





REGISTERED NUMBER: 07660532 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

WILLSECURE LIMITED (REGISTERED NUMBER: 07660532)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,415 110,249
Investments 5 1,000 -
116,415 110,249

CURRENT ASSETS
Debtors 6 85,370 100,068

CREDITORS
Amounts falling due within one year 7 168,327 278,979
NET CURRENT LIABILITIES (82,957 ) (178,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,458

(68,662

)

CREDITORS
Amounts falling due after more than one
year

8

13,147

-
NET ASSETS/(LIABILITIES) 20,311 (68,662 )

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 20,211 (68,663 )
20,311 (68,662 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WILLSECURE LIMITED (REGISTERED NUMBER: 07660532)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 20 January 2025 and were signed by:





K L Wills - Director


WILLSECURE LIMITED (REGISTERED NUMBER: 07660532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Willsecure 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.

The financial statements show net liabilities. The company is reliant on the ongoing support of the director. The director considers that it is appropriate to prepare the accounts on the going concern basis.

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 etc - 33% on cost, 20% on cost and 10% on cost

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.

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
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 - 9 ) .

WILLSECURE LIMITED (REGISTERED NUMBER: 07660532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 78,000 82,311 160,311
Additions - 28,954 28,954
Disposals - (750 ) (750 )
At 30 June 2024 78,000 110,515 188,515
DEPRECIATION
At 1 July 2023 - 50,062 50,062
Charge for year - 23,188 23,188
Eliminated on disposal - (150 ) (150 )
At 30 June 2024 - 73,100 73,100
NET BOOK VALUE
At 30 June 2024 78,000 37,415 115,415
At 30 June 2023 78,000 32,249 110,249

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1,000
At 30 June 2024 1,000
NET BOOK VALUE
At 30 June 2024 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,047 84,896
Amounts owed by group undertakings 14,352 -
Other debtors 58,971 15,172
85,370 100,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,763 6,623
Trade creditors 1,815 (1,487 )
Amounts owed to group undertakings - 16,198
Taxation and social security 70,787 192,230
Other creditors 77,962 65,415
168,327 278,979

WILLSECURE LIMITED (REGISTERED NUMBER: 07660532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 13,147 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
K L Wills
Balance outstanding at start of year (44,176 ) 142,173
Amounts advanced - 5,123
Amounts repaid - (191,472 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (44,176 )