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REGISTERED NUMBER: 03023170 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 January 2025

for

D & E Wilson & Sons Limited

D & E Wilson & Sons Limited (Registered number: 03023170)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & E Wilson & Sons Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr N C Wilson
Mr J C Wilson





REGISTERED OFFICE: 60 Bold Street
Preston
Lancashire
PR1 7NX





REGISTERED NUMBER: 03023170 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

D & E Wilson & Sons Limited (Registered number: 03023170)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 387,599 348,278
387,599 348,278

CURRENT ASSETS
Stocks 223,994 331,726
Debtors 6 683,571 727,854
Investments 7 26 26
Cash at bank and in hand 513,309 431,557
1,420,900 1,491,163
CREDITORS
Amounts falling due within one year 8 378,020 534,066
NET CURRENT ASSETS 1,042,880 957,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,430,479

1,305,375

CREDITORS
Amounts falling due after more than one
year

9

(81,786

)

(9,941

)

PROVISIONS FOR LIABILITIES (102,141 ) (87,070 )
NET ASSETS 1,246,552 1,208,364

D & E Wilson & Sons Limited (Registered number: 03023170)

Balance Sheet - continued
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 27 27
Capital redemption reserve 50 50
Retained earnings 1,246,475 1,208,287
SHAREHOLDERS' FUNDS 1,246,552 1,208,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mr J C Wilson - Director


D & E Wilson & Sons Limited (Registered number: 03023170)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

D & E Wilson & Sons 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


D & E Wilson & Sons Limited (Registered number: 03023170)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued
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 year 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 600,000
AMORTISATION
At 1 February 2024
and 31 January 2025 600,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

D & E Wilson & Sons Limited (Registered number: 03023170)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 776,291 48,160 8,163 832,614
Additions 31,782 104,817 1,457 138,056
Disposals (23,650 ) - - (23,650 )
At 31 January 2025 784,423 152,977 9,620 947,020
DEPRECIATION
At 1 February 2024 429,753 47,004 7,579 484,336
Charge for year 75,550 22,119 498 98,167
Eliminated on disposal (23,082 ) - - (23,082 )
At 31 January 2025 482,221 69,123 8,077 559,421
NET BOOK VALUE
At 31 January 2025 302,202 83,854 1,543 387,599
At 31 January 2024 346,538 1,156 584 348,278

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024 284,706 - 284,706
Additions - 104,817 104,817
At 31 January 2025 284,706 104,817 389,523
DEPRECIATION
At 1 February 2024 129,975 - 129,975
Charge for year 30,946 20,963 51,909
At 31 January 2025 160,921 20,963 181,884
NET BOOK VALUE
At 31 January 2025 123,785 83,854 207,639
At 31 January 2024 154,731 - 154,731

D & E Wilson & Sons Limited (Registered number: 03023170)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 259,307 258,395
Amounts owed by group undertakings 399,500 400,000
Other debtors 24,764 69,459
683,571 727,854

7. CURRENT ASSET INVESTMENTS
31.1.25 31.1.24
£    £   
Unlisted investments 26 26

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts (see note 10) 24,539 59,646
Trade creditors 193,123 366,757
Taxation and social security 141,251 86,770
Other creditors 19,107 20,893
378,020 534,066

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts (see note 10) 81,786 9,941

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 24,539 59,646
Between one and five years 81,786 9,941
106,325 69,587

D & E Wilson & Sons Limited (Registered number: 03023170)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.1.25 31.1.24
£    £   
Within one year - 1,484
Between one and five years - 123
- 1,607

11. RELATED PARTY DISCLOSURES

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.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Wilson Sausages Limited.