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REGISTERED NUMBER: 12505746 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

W.E. Wilson Ltd

W.E. Wilson Ltd (Registered number: 12505746)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.E. Wilson Ltd

Company Information
for the Period 1 April 2023 to 30 March 2024







DIRECTORS: Mr S Page
Mrs S Chambers
Ms T Butler
Mrs J E Wilson





SECRETARY:





REGISTERED OFFICE: 28 Bagdale
Whitby
North Yorkshire
YO21 1QL





REGISTERED NUMBER: 12505746 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
YO21 1QL

W.E. Wilson Ltd (Registered number: 12505746)

Balance Sheet
30 March 2024

30.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,112 62,331

CURRENT ASSETS
Stocks 80,000 40,000
Debtors 5 157,238 127,227
Cash at bank and in hand 5,446 14,815
242,684 182,042
CREDITORS
Amounts falling due within one year 6 283,914 235,557
NET CURRENT LIABILITIES (41,230 ) (53,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,882

8,816

CREDITORS
Amounts falling due after more than one
year

7

5,611

7,878
NET ASSETS 37,271 938

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 37,169 836
SHAREHOLDERS' FUNDS 37,271 938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

W.E. Wilson Ltd (Registered number: 12505746)

Balance Sheet - continued
30 March 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 13 February 2025 and were signed on its behalf by:




Ms T Butler - Director Mrs S Chambers - Director




Mr S Page - Director Mrs J E Wilson - Director


W.E. Wilson Ltd (Registered number: 12505746)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

W.E. Wilson 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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

Taxation
Taxation for the period 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 period 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.

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.

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.

W.E. Wilson Ltd (Registered number: 12505746)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 6,801 61,900 6,500 75,201
Additions - 30,963 - 30,963
At 30 March 2024 6,801 92,863 6,500 106,164
DEPRECIATION
At 1 April 2023 - 11,570 1,300 12,870
Charge for period - 8,142 1,040 9,182
At 30 March 2024 - 19,712 2,340 22,052
NET BOOK VALUE
At 30 March 2024 6,801 73,151 4,160 84,112
At 31 March 2023 6,801 50,330 5,200 62,331

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Trade debtors 136,307 119,205
Other debtors 20,931 8,022
157,238 127,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Hire purchase contracts 2,266 2,061
Trade creditors 219,777 131,336
Taxation and social security 10,638 3,610
Other creditors 51,233 98,550
283,914 235,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Hire purchase contracts 5,611 7,878

W.E. Wilson Ltd (Registered number: 12505746)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 March 2024 and the year ended 31 March 2023:

30.3.24 31.3.23
£    £   
Mr S Page
Balance outstanding at start of period 2,323 (3,397 )
Amounts advanced 54,425 48,631
Amounts repaid (59,078 ) (42,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (2,330 ) 2,323

Mrs S Chambers
Balance outstanding at start of period 1,780 (2,500 )
Amounts advanced 24,915 41,809
Amounts repaid (31,976 ) (37,529 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (5,281 ) 1,780

Ms T Butler
Balance outstanding at start of period 2,089 (3,716 )
Amounts advanced 24,586 42,217
Amounts repaid (26,521 ) (36,412 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 154 2,089