Company Registration No. 01024351 (England and Wales)
A.Wilson & Sons(Transport)Limited
Unaudited accounts
for the year ended 30 September 2024
A.Wilson & Sons(Transport)Limited
Unaudited accounts
Contents
A.Wilson & Sons(Transport)Limited
Company Information
for the year ended 30 September 2024
Directors
Mr John Wilson
Mrs Gloria Wilson
Ms Anastasia Wilson
Company Number
01024351 (England and Wales)
Registered Office
Hilltop Garage, 1087 Loughborough Road
Rothley
Leicester
Leicestershire
LE7 7NL
Accountants
Lilley & Co (UK) Limited
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
A.Wilson & Sons(Transport)Limited
Statement of financial position
as at 30 September 2024
Tangible assets
179,874
181,899
Cash at bank and in hand
121,189
65,040
Creditors: amounts falling due within one year
(137,389)
(142,858)
Net current assets/(liabilities)
30,789
(18,886)
Total assets less current liabilities
210,663
163,013
Provisions for liabilities
Deferred tax
(3,485)
(2,609)
Net assets
207,178
160,404
Called up share capital
1,000
1,000
Profit and loss account
206,178
159,404
Shareholders' funds
207,178
160,404
For the year ending 30 September 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 21 May 2025 and were signed on its behalf by
Mr John Wilson
Director
Company Registration No. 01024351
A.Wilson & Sons(Transport)Limited
Notes to the Accounts
for the year ended 30 September 2024
A.Wilson & Sons(Transport)Limited is a private company, limited by shares, registered in England and Wales, registration number 01024351. The registered office is Hilltop Garage, 1087 Loughborough Road, Rothley, Leicester, Leicestershire, LE7 7NL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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:
Land & buildings
1% straight line
Plant & machinery
20% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
15% reducing balance
Other tangible fixed assets
1% reducing balance
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.
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.
A.Wilson & Sons(Transport)Limited
Notes to the Accounts
for the year ended 30 September 2024
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
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
140,000
94,934
28,559
11,430
274,923
Additions
-
877
366
862
2,105
Disposals
-
-
-
(586)
(586)
At 30 September 2024
140,000
95,811
28,925
11,706
276,442
At 1 October 2023
39,200
25,293
20,529
8,002
93,024
Charge for the year
1,400
1,128
927
514
3,969
On disposals
-
-
-
(425)
(425)
At 30 September 2024
40,600
26,421
21,456
8,091
96,568
At 30 September 2024
99,400
69,390
7,469
3,615
179,874
At 30 September 2023
100,800
69,641
8,030
3,428
181,899
Amounts falling due within one year
Trade debtors
32,334
28,749
Accrued income and prepayments
-
1,057
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
91,030
71,324
Taxes and social security
18,563
10,342
Other creditors
17,449
32,973
Loans from directors
-
25,000
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).