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REGISTERED NUMBER: 04454475 (England and Wales)





















WILLS & REYNOLDS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WILLS & REYNOLDS LIMITED (REGISTERED NUMBER: 04454475)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WILLS & REYNOLDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W G Reynolds
N A Osborne
S E Foale
S J Cooper





SECRETARY: W G Reynolds





REGISTERED OFFICE: Frome House
5 North Portway Close
Round Spinney
Northampton
Northamptonshire
NN3 8RQ





REGISTERED NUMBER: 04454475 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

WILLS & REYNOLDS LIMITED (REGISTERED NUMBER: 04454475)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,389 7,186

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 42,151 59,209
Cash at bank 68,961 61,841
131,112 141,050
CREDITORS
Amounts falling due within one year 6 87,881 77,600
NET CURRENT ASSETS 43,231 63,450
TOTAL ASSETS LESS CURRENT LIABILITIES 48,620 70,636

CREDITORS
Amounts falling due after more than one
year

7

25,000

26,000
NET ASSETS 23,620 44,636

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 23,520 44,536
SHAREHOLDERS' FUNDS 23,620 44,636

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

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

WILLS & REYNOLDS LIMITED (REGISTERED NUMBER: 04454475)

BALANCE SHEET - continued
30 JUNE 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





W G Reynolds - Director


WILLS & REYNOLDS LIMITED (REGISTERED NUMBER: 04454475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Wills & Reynolds Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

WILLS & REYNOLDS LIMITED (REGISTERED NUMBER: 04454475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 19,283 12,750 32,033
DEPRECIATION
At 1 July 2023 12,225 12,622 24,847
Charge for year 1,765 32 1,797
At 30 June 2024 13,990 12,654 26,644
NET BOOK VALUE
At 30 June 2024 5,293 96 5,389
At 30 June 2023 7,058 128 7,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,114 58,345
Prepayments 1,037 864
42,151 59,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 9,000
Trade creditors 30,094 36,793
Corporation tax 28,535 27,424
Social security and other taxes 358 (195 )
VAT 5,624 3,453
Directors' current accounts 18,270 1,125
87,881 77,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 25,000 26,000

WILLS & REYNOLDS LIMITED (REGISTERED NUMBER: 04454475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100