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Company Registration No. NI675191 (Northern Ireland)
Wilson Power and Energy Ltd Unaudited accounts for the year ended 31 December 2024
Wilson Power and Energy Ltd Unaudited accounts Contents
Page
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Wilson Power and Energy Ltd Company Information for the year ended 31 December 2024
Directors
Mr A Wilson Mr P Watson
Company Number
NI675191 (Northern Ireland)
Registered Office
73 Listullycurran Road Dromore Co. Down BT25 1RD
Accountants
SJK 8 Bridge Road Moira Co. Armagh BT67 0PF
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Wilson Power and Energy Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,391 
2,916 
Tangible assets
126,755 
100,204 
129,146 
103,120 
Current assets
Inventories
9,996 
136,096 
Debtors
224,231 
233,269 
Cash at bank and in hand
542,898 
629,277 
777,125 
998,642 
Creditors: amounts falling due within one year
(234,308)
(600,815)
Net current assets
542,817 
397,827 
Total assets less current liabilities
671,963 
500,947 
Provisions for liabilities
Deferred tax
(32,287)
(25,780)
Net assets
639,676 
475,167 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
639,476 
474,967 
Shareholders' funds
639,676 
475,167 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by
Mr A Wilson Director Company Registration No. NI675191
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Wilson Power and Energy Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Wilson Power and Energy Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI675191. The registered office is 73 Listullycurran Road, Dromore, Co. Down, BT25 1RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing balance basis
Motor vehicles
18% Reducing balance basis
Fixtures & fittings
18% Reducing balance basis
Computer equipment
18% Reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wilson Power and Energy Ltd Notes to the Accounts for the year ended 31 December 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
5,288 
At 31 December 2024
5,288 
Amortisation
At 1 January 2024
2,372 
Charge for the year
525 
At 31 December 2024
2,897 
Net book value
At 31 December 2024
2,391 
At 31 December 2023
2,916 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
15,162 
116,512 
1,735 
3,450 
136,859 
Additions
5,470 
42,025 
5,667 
996 
54,158 
At 31 December 2024
20,632 
158,537 
7,402 
4,446 
191,017 
Depreciation
At 1 January 2024
3,865 
30,716 
590 
1,484 
36,655 
Charge for the year
3,018 
23,008 
1,227 
354 
27,607 
At 31 December 2024
6,883 
53,724 
1,817 
1,838 
64,262 
Net book value
At 31 December 2024
13,749 
104,813 
5,585 
2,608 
126,755 
At 31 December 2023
11,297 
85,796 
1,145 
1,966 
100,204 
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Wilson Power and Energy Ltd Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
621 
Trade debtors
185,713 
231,775 
Amounts due from group undertakings etc.
1,734 
873 
Accrued income and prepayments
36,784 
- 
224,231 
233,269 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,215 
- 
VAT
3,482 
- 
Trade creditors
106,320 
322,312 
Taxes and social security
79,697 
97,125 
Loans from directors
6,917 
24,644 
Accruals
13,952 
15,365 
Deferred income
17,725 
141,369 
234,308 
600,815 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr A Wilson
(34,515)
88,237 
46,888 
6,834 
Mr P Watson
9,871 
18,801 
42,423 
(13,751)
(24,644)
107,038 
89,311 
(6,917)
Directors loans are repayable on demand and non-interest bearing.
9
Average number of employees
During the year the average number of employees was 8 (2023: 4).
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