Company registration number 01011721 (England and Wales)
BOB WILSON & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BOB WILSON & SONS LIMITED
COMPANY INFORMATION
Directors
Mr W J Wilson
Mrs E V Wilson
Company number
01011721
Registered office
The White House
Amusement Depot
Shipway Road Hay Mills
Birmingham
West Midlands
B25 8DS
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds TSB Bank Plc
PO Box 70
Victoria Square House
Victoria Square
Birmingham
West Midlands
B1 1BZ
BOB WILSON & SONS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BOB WILSON & SONS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOB WILSON & SONS LIMITED FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bob Wilson & Sons Limited for the period ended 27 February 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Bob Wilson & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bob Wilson & Sons Limited and state those matters that we have agreed to state to the board of directors of Bob Wilson & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bob Wilson & Sons Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Bob Wilson & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bob Wilson & Sons Limited. You consider that Bob Wilson & Sons Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bob Wilson & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
23 January 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BOB WILSON & SONS LIMITED
BALANCE SHEET
AS AT 27 FEBRUARY 2024
27 February 2024
- 2 -
27 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
748,254
339,528
Investments
5
1,000
1,000
749,254
340,528
Current assets
Debtors
6
589,696
750,454
Cash at bank and in hand
232,850
394,328
822,546
1,144,782
Creditors: amounts falling due within one year
7
(147,540)
(86,821)
Net current assets
675,006
1,057,961
Total assets less current liabilities
1,424,260
1,398,489
Provisions for liabilities
8
(124,500)
(55,630)
Net assets
1,299,760
1,342,859
Capital and reserves
Called up share capital
9
3,000
3,000
Profit and loss reserves
1,296,760
1,339,859
Total equity
1,299,760
1,342,859

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BOB WILSON & SONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 27 FEBRUARY 2024
27 February 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 23 January 2025 and are signed on its behalf by:
Mrs E V Wilson
Director
Company registration number 01011721 (England and Wales)
BOB WILSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 4 -
1
Accounting policies
Company information

Bob Wilson & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is The White House, Amusement Depot, Shipway Road Hay Mills, Birmingham, West Midlands, B25 8DS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been fully amortised on a systematic basis over its expected life.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
1% on cost
Plant and machinery
12.5% and 25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
20% and 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

BOB WILSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 FEBRUARY 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
2
2
BOB WILSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2023 and 27 February 2024
161,605
Amortisation and impairment
At 1 March 2023 and 27 February 2024
161,605
Carrying amount
At 27 February 2024
-
0
At 28 February 2023
-
0
4
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2023
118,889
1,218,465
546,843
253,272
2,137,469
Additions
-
0
448,256
-
0
78,396
526,652
Disposals
-
0
-
0
-
0
(31,777)
(31,777)
At 27 February 2024
118,889
1,666,721
546,843
299,891
2,632,344
Depreciation and impairment
At 1 March 2023
31,753
1,009,108
542,261
214,819
1,797,941
Depreciation charged in the period
1,189
70,225
1,148
23,296
95,858
Eliminated in respect of disposals
-
0
-
0
-
0
(9,709)
(9,709)
At 27 February 2024
32,942
1,079,333
543,409
228,406
1,884,090
Carrying amount
At 27 February 2024
85,947
587,388
3,434
71,485
748,254
At 28 February 2023
87,136
209,357
4,582
38,453
339,528
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,000
1,000
BOB WILSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 FEBRUARY 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
52,629
48,785
Amounts owed by group undertakings
-
0
31,738
Other debtors
537,067
669,931
589,696
750,454
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
18,385
5,825
Amounts owed to group undertakings
101,612
-
0
Taxation and social security
-
0
53,913
Other creditors
27,543
27,083
147,540
86,821
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
124,500
55,630
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3,000
3,000
3,000
3,000
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Ultimate controlling party

The ultimate controlling party is Mr W J Wilson and Mrs E V Wilson.

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