Registered number
10052226
J K Wilson Design Limited
Filleted Accounts
31 March 2024
J K Wilson Design Limited
Registered number: 10052226
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,574 39,605
Current assets
Debtors 4 141,965 140,495
Cash at bank and in hand 2,291 5,390
144,256 145,885
Creditors: amounts falling due within one year 5 (157,470) (162,311)
Net current liabilities (13,214) (16,426)
Total assets less current liabilities 7,360 23,179
Creditors: amounts falling due after more than one year 6 (22,847) (22,543)
Provisions for liabilities (796) (2,882)
Net liabilities (16,283) (2,246)
Capital and reserves
Called up share capital 100 100
Profit and loss account (16,383) (2,346)
Shareholder's funds (16,283) (2,246)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J K Wilson
Director
Approved by the board on 22 May 2025
J K Wilson Design Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Summary of significant accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, including expenses, net of discounts and value added taxes and represents amounts recoverable from clients for design services and associated expenses provided during the year. Turnover is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow. Recognition of turnover is in the period in which the services are rendered by reference to the stage of completion, which is assessed on the actual services provided as a proportion of the total value of services to be provided. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Over 10 years
Plant and machinery 20 / 33 % straight line basis
Vehicles 25 % straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
Employee benefits
When employees have rendered service to the company short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The company has indebtedness to its bank. The company is reliant on the continued support of the bank and the director does not consider this support will be withdrawn and that the company can continue trading as a going concern for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office building Plant and machinery Vehicles Total
£ £ £ £
Cost
At 1 April 2023 21,816 22,874 18,862 63,552
Additions - 156 - 156
Disposals - (4,725) (18,862) (23,587)
At 31 March 2024 21,816 18,305 - 40,121
Depreciation
At 1 April 2023 2,182 16,558 5,207 23,947
Charge for the year 2,182 1,980 - 4,162
On disposals - (3,355) (5,207) (8,562)
At 31 March 2024 4,364 15,183 - 19,547
Net book value
At 31 March 2024 17,452 3,122 - 20,574
At 31 March 2023 19,634 6,316 13,655 39,605
4 Debtors 2024 2023
£ £
Trade debtors - 5,666
Other debtors 141,965 134,829
141,965 140,495
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,653 10,940
Trade creditors 209 7,599
Taxation and social security costs 141,587 130,788
Other creditors 7,021 12,984
157,470 162,311
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,847 22,543
7 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid
Ordinary shares £1 each 100 100 100
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 120 120
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J K Wilson
Short term loan, repayable on demand and interest free 77,428 21,706 (5,569) 93,565
77,428 21,706 (5,569) 93,565
10 Other information
J K Wilson Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cheyenne House
West Street
Farnham
Surrey
GU9 7EQ
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