Silverfin false false 30/04/2024 01/05/2023 30/04/2024 J D Thomas 30/04/2010 L Thomas 14/10/2020 J Thomas 29 January 2025 The principal activity of the Company during the financial year is that of an estate agents. 04651127 2024-04-30 04651127 bus:Director1 2024-04-30 04651127 bus:Director2 2024-04-30 04651127 2023-04-30 04651127 core:CurrentFinancialInstruments 2024-04-30 04651127 core:CurrentFinancialInstruments 2023-04-30 04651127 core:Non-currentFinancialInstruments 2024-04-30 04651127 core:Non-currentFinancialInstruments 2023-04-30 04651127 core:ShareCapital 2024-04-30 04651127 core:ShareCapital 2023-04-30 04651127 core:RetainedEarningsAccumulatedLosses 2024-04-30 04651127 core:RetainedEarningsAccumulatedLosses 2023-04-30 04651127 core:FurnitureFittings 2023-04-30 04651127 core:OfficeEquipment 2023-04-30 04651127 core:FurnitureFittings 2024-04-30 04651127 core:OfficeEquipment 2024-04-30 04651127 bus:OrdinaryShareClass1 2024-04-30 04651127 2023-05-01 2024-04-30 04651127 bus:FilletedAccounts 2023-05-01 2024-04-30 04651127 bus:SmallEntities 2023-05-01 2024-04-30 04651127 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04651127 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04651127 bus:Director1 2023-05-01 2024-04-30 04651127 bus:Director2 2023-05-01 2024-04-30 04651127 bus:Director3 2023-05-01 2024-04-30 04651127 core:FurnitureFittings 2023-05-01 2024-04-30 04651127 core:OfficeEquipment 2023-05-01 2024-04-30 04651127 2022-05-01 2023-04-30 04651127 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 04651127 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04651127 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04651127 (England and Wales)

WILSON THOMAS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

WILSON THOMAS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

WILSON THOMAS LIMITED

BALANCE SHEET

As at 30 April 2024
WILSON THOMAS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 9,323 11,411
9,323 11,411
Current assets
Debtors 4 121,019 112,030
Cash at bank and in hand 187,228 262,243
308,247 374,273
Creditors: amounts falling due within one year 5 ( 84,933) ( 92,646)
Net current assets 223,314 281,627
Total assets less current liabilities 232,637 293,038
Creditors: amounts falling due after more than one year 6 ( 11,442) ( 21,590)
Provision for liabilities ( 1,486) ( 1,821)
Net assets 219,709 269,627
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 218,709 268,627
Total shareholders' funds 219,709 269,627

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Wilson Thomas Limited (registered number: 04651127) were approved and authorised for issue by the Board of Directors on 29 January 2025. They were signed on its behalf by:

J Thomas
Director
WILSON THOMAS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
WILSON THOMAS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wilson Thomas Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 10

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 May 2023 50,208 19,968 70,176
At 30 April 2024 50,208 19,968 70,176
Accumulated depreciation
At 01 May 2023 42,556 16,209 58,765
Charge for the financial year 1,148 940 2,088
At 30 April 2024 43,704 17,149 60,853
Net book value
At 30 April 2024 6,504 2,819 9,323
At 30 April 2023 7,652 3,759 11,411

4. Debtors

2024 2023
£ £
Trade debtors 15,429 11,544
Amounts owed by Group undertakings 86,971 86,971
Corporation tax 1,005 0
Other debtors 17,614 13,515
121,019 112,030

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,225 9,975
Trade creditors 18,630 12,942
Taxation and social security 32,356 49,974
Other creditors 23,722 19,755
84,933 92,646

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 11,442 21,590

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

8. Ultimate controlling party

Parent Company:

Wilson Thomas Holdings Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW