Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31No description of principal activity2023-11-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04879340 2023-11-01 2024-10-31 04879340 2022-11-01 2023-10-31 04879340 2024-10-31 04879340 2023-10-31 04879340 c:Director1 2023-11-01 2024-10-31 04879340 c:Director2 2023-11-01 2024-10-31 04879340 d:OfficeEquipment 2023-11-01 2024-10-31 04879340 d:OfficeEquipment 2024-10-31 04879340 d:OfficeEquipment 2023-10-31 04879340 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04879340 d:FreeholdInvestmentProperty 2024-10-31 04879340 d:FreeholdInvestmentProperty 2023-10-31 04879340 d:CurrentFinancialInstruments 2024-10-31 04879340 d:CurrentFinancialInstruments 2023-10-31 04879340 d:Non-currentFinancialInstruments 2024-10-31 04879340 d:Non-currentFinancialInstruments 2023-10-31 04879340 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04879340 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04879340 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04879340 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04879340 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 04879340 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04879340 d:ShareCapital 2024-10-31 04879340 d:ShareCapital 2023-10-31 04879340 d:InvestmentPropertiesRevaluationReserve 2024-10-31 04879340 d:InvestmentPropertiesRevaluationReserve 2023-10-31 04879340 d:RetainedEarningsAccumulatedLosses 2024-10-31 04879340 d:RetainedEarningsAccumulatedLosses 2023-10-31 04879340 c:FRS102 2023-11-01 2024-10-31 04879340 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04879340 c:FullAccounts 2023-11-01 2024-10-31 04879340 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04879340 2 2023-11-01 2024-10-31 04879340 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 04879340










WILTOMAX LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
WILTOMAX LIMITED
REGISTERED NUMBER: 04879340

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,609
2,145

Investment property
 5 
900,000
900,000

  
901,609
902,145

Current assets
  

Debtors: amounts falling due within one year
 6 
9,447
9,192

Cash at bank and in hand
 7 
10,955
10,360

  
20,402
19,552

Creditors: amounts falling due within one year
 8 
(274,462)
(274,082)

Net current liabilities
  
 
 
(254,060)
 
 
(254,530)

Total assets less current liabilities
  
647,549
647,615

Creditors: amounts falling due after more than one year
 9 
(1,180,060)
(1,228,060)

Provisions for liabilities
  

Deferred tax
  
(306)
(408)

  
 
 
(306)
 
 
(408)

Net liabilities
  
(532,817)
(580,853)


Capital and reserves
  

Called up share capital 
 11 
330,002
330,002

Investment property reserve
  
(681,223)
(681,223)

Profit and loss account
  
(181,596)
(229,632)

  
(532,817)
(580,853)


Page 1

 
WILTOMAX LIMITED
REGISTERED NUMBER: 04879340
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Nigel Staley
Suzannah Staley
Director
Director


Date: 20 February 2025
Date:20 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Wiltomax Limited is incorporated and domiciled in the UK. Its registered office is Belmont House, Shrewbury Business Park, Shrewsbury, Shropshire, SY2 6LG. The principal place of business is Little Thonglands House, Rowe Lane, Stanton Long, Much Wenlock, Shropshire, TF13 6LP. The company's registered number is 04879340.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

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 residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
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 the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 5

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2023
4,678



At 31 October 2024

4,678



Depreciation


At 1 November 2023
2,533


Charge for the year on owned assets
536



At 31 October 2024

3,069



Net book value



At 31 October 2024
1,609



At 31 October 2023
2,145

Page 6

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
900,000



At 31 October 2024
900,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 November 2023
(681,223)
(681,223)

At 31 October 2024
(681,223)
(681,223)





6.


Debtors

2024
2023
£
£


Trade debtors
9,252
9,039

Other debtors
195
153

9,447
9,192



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,955
10,360

10,955
10,360


Page 7

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
24,905
24,905

Trade creditors
-
348

Corporation tax
12,376
11,733

Other creditors
227,122
227,122

Accruals and deferred income
10,059
9,974

274,462
274,082



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
10,000
10,000

Other creditors
1,170,060
1,218,060

1,180,060
1,228,060



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
24,905
24,905


24,905
24,905

Amounts falling due 1-2 years

Other loans
10,000
10,000


10,000
10,000



34,905
34,905


Page 8

 
WILTOMAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



330,001 (2023 - 330,001) Ordinary shares of £1.00 each
330,001
330,001
1 (2023 - 1) Special share of £1.00
1
1

330,002

330,002


 
Page 9