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REGISTERED NUMBER: 03304241 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

M AND C WILKINSON LTD

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M AND C WILKINSON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M Wilkinson
M A Wilkinson





SECRETARY: M Wilkinson





REGISTERED OFFICE: Park Farm
Tethering Lane
Everton
Doncaster
South Yorkshire
DN10 5DR





REGISTERED NUMBER: 03304241 (England and Wales)

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 158,030 173,390

CURRENT ASSETS
Stocks 292,583 276,250
Debtors 6 67,249 59,037
Cash in hand 35 35
359,867 335,322
CREDITORS
Amounts falling due within one year 7 326,330 297,782
NET CURRENT ASSETS 33,537 37,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,567

210,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 191,467 210,830
SHAREHOLDERS' FUNDS 191,567 210,930

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




M Wilkinson - Director



M A Wilkinson - Director


M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

M and C Wilkinson 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.

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.

REVENUE
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable in respect od sales of motor parts and associated works, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their estimated residual value over their estimated useful lives, using the straight-line method and reducing balance method

Depreciation is provided on the following bases:
Land and buildings - 4% straight line
Plant and machinery - 15% straight line
Fixtures and fittings - 15% reducing balance
Computer equipment - 20% straight line
Motor vehicles - 25% - reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing thee proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023
and 31 January 2024 205,232 29,429 67,584
DEPRECIATION
At 1 February 2023 60,243 18,586 54,293
Charge for year 8,209 3,912 1,994
At 31 January 2024 68,452 22,498 56,287
NET BOOK VALUE
At 31 January 2024 136,780 6,931 11,297
At 31 January 2023 144,989 10,843 13,291

M AND C WILKINSON LTD (REGISTERED NUMBER: 03304241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 27,905 1,425 331,575
DEPRECIATION
At 1 February 2023 24,350 713 158,185
Charge for year 889 356 15,360
At 31 January 2024 25,239 1,069 173,545
NET BOOK VALUE
At 31 January 2024 2,666 356 158,030
At 31 January 2023 3,555 712 173,390

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,040 37,892
Other debtors 13,209 21,145
67,249 59,037

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,504 50,525
Trade creditors 63,565 55,742
Taxation and social security 39,973 28,206
Other creditors 177,288 163,309
326,330 297,782

Included in other creditors are amounts payable to the directors amounting to £155,507 (2023 - £129,216).

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 45,504 50,525

The bank overdraft is secured by a debenture over the assets of the company and a personal guarantee given by the director, Mr M Wilkinson.