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REGISTERED NUMBER: 14276137 (England and Wales)














WILKS & ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






WILKS & ASSOCIATES LTD (REGISTERED NUMBER: 14276137)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILKS & ASSOCIATES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: L S Wilks





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 14276137 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

WILKS & ASSOCIATES LTD (REGISTERED NUMBER: 14276137)

STATEMENT OF FINANCIAL POSITION
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,375 31,762

CURRENT ASSETS
Debtors 6 7,905 33
Cash at bank 2,881 47,367
10,786 47,400
CREDITORS
Amounts falling due within one year 7 67,078 53,879
NET CURRENT LIABILITIES (56,292 ) (6,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,917

)

25,283

CREDITORS
Amounts falling due after more than one
year

8

(9,804

)

(17,215

)

PROVISIONS FOR LIABILITIES - (5,903 )
NET (LIABILITIES)/ASSETS (40,721 ) 2,165

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings (40,821 ) 2,065
SHAREHOLDERS' FUNDS (40,721 ) 2,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

WILKS & ASSOCIATES LTD (REGISTERED NUMBER: 14276137)

STATEMENT OF FINANCIAL POSITION - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





L S Wilks - Director


WILKS & ASSOCIATES LTD (REGISTERED NUMBER: 14276137)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Wilks & Associates Ltd 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.

Wilks & Associates Ltd 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. The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WILKS & ASSOCIATES LTD (REGISTERED NUMBER: 14276137)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 September 2023 1,031 42,529 43,560
Additions 2,131 - 2,131
At 31 August 2024 3,162 42,529 45,691
DEPRECIATION
At 1 September 2023 279 11,519 11,798
Charge for year 765 7,753 8,518
At 31 August 2024 1,044 19,272 20,316
NET BOOK VALUE
At 31 August 2024 2,118 23,257 25,375
At 31 August 2023 752 31,010 31,762

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,287 -
Other debtors 4,618 33
7,905 33

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,289 8,766
Trade creditors 2,233 8,222
Taxation and social security 17,761 13,957
Other creditors 38,795 22,934
67,078 53,879

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 9,804 17,215

9. RELATED PARTY DISCLOSURES

During the period the director provided aggregate loans to the company of £77,061 of which £63,270 was repaid. At the balance sheet date the director was owed £36,225.