| 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 |