Company registration number 03090815 (England and Wales)
WILCOX WASH SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WILCOX WASH SUPPLIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
WILCOX WASH SUPPLIES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
46,006
66,400
Current assets
Stocks
120,192
160,172
Debtors
4
52,577
71,530
Cash at bank and in hand
64,659
71,322
237,428
303,024
Creditors: amounts falling due within one year
5
(56,948)
(53,414)
Net current assets
180,480
249,610
Total assets less current liabilities
226,486
316,010
Creditors: amounts falling due after more than one year
6
(26,074)
(40,679)
Provisions for liabilities
(8,376)
(12,186)
Net assets
192,036
263,145
Capital and reserves
Called up share capital
7
1,100
1,100
Profit and loss reserves
190,936
262,045
Total equity
192,036
263,145

The notes on pages 3 to 7 form part of these financial statements.

WILCOX WASH SUPPLIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 May 2025
M R Judd
Director
Company registration number 03090815 (England and Wales)
WILCOX WASH SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Wilcox Wash Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35 Chequers Court, Brown Street, Salisbury, Wiltshire, SP1 2AS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% on reucing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
WILCOX WASH SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

WILCOX WASH SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Retirement benefits

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

 

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

 

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.10

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

 

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

 

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

1.11

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

WILCOX WASH SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
82,485
21,654
121,607
225,746
Additions
6,195
-
0
-
0
6,195
Disposals
(21,175)
-
0
(17,209)
(38,384)
At 31 December 2024
67,505
21,654
104,398
193,557
Depreciation and impairment
At 1 January 2024
65,309
17,621
76,416
159,346
Depreciation charged in the year
12,961
605
10,818
24,384
Eliminated in respect of disposals
(21,173)
-
0
(15,006)
(36,179)
At 31 December 2024
57,097
18,226
72,228
147,551
Carrying amount
At 31 December 2024
10,408
3,428
32,170
46,006
At 31 December 2023
17,176
4,033
45,191
66,400
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
42,048
48,398
Corporation tax recoverable
3,704
4,080
Prepayments and accrued income
6,825
19,052
52,577
71,530
WILCOX WASH SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,250
17,628
Obligations under finance leases
6,352
5,833
Trade creditors
20,880
12,589
Taxation and social security
16,325
14,231
Other creditors
2,945
1,112
Accruals and deferred income
2,196
2,021
56,948
53,414

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £14,602 (2023 - £23,461). £6,600 (2023 - £6,600) of the bank loans is secured by a government backed guarantee.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,130
12,384
Other creditors
21,944
28,295
26,074
40,679

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £26,073 (2023 - £40,679). £3,304 (2023 - £9,906) of the bank loans is secured by a government backed guarantee.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference of £1 each
100
100
100
100
Preference shares classified as equity
100
100
Total equity share capital
1,100
1,100
2024-12-312024-01-01falsefalsefalse27 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityM R Judd030908152024-01-012024-12-31030908152024-12-31030908152023-12-3103090815core:PlantMachinery2024-12-3103090815core:FurnitureFittings2024-12-3103090815core:MotorVehicles2024-12-3103090815core:PlantMachinery2023-12-3103090815core:FurnitureFittings2023-12-3103090815core:MotorVehicles2023-12-3103090815core:ShareCapital2024-12-3103090815core:ShareCapital2023-12-3103090815core:RetainedEarningsAccumulatedLosses2024-12-3103090815core:RetainedEarningsAccumulatedLosses2023-12-3103090815core:ShareCapitalOrdinaryShareClass12024-12-3103090815core:ShareCapitalOrdinaryShareClass12023-12-3103090815core:ShareCapitalPreferenceShareClass12024-12-3103090815core:ShareCapitalPreferenceShareClass12023-12-3103090815bus:Director12024-01-012024-12-3103090815core:PlantMachinery2024-01-012024-12-3103090815core:FurnitureFittings2024-01-012024-12-3103090815core:MotorVehicles2024-01-012024-12-31030908152023-01-012023-12-3103090815core:PlantMachinery2023-12-3103090815core:FurnitureFittings2023-12-3103090815core:MotorVehicles2023-12-31030908152023-12-3103090815core:CurrentFinancialInstruments2024-12-3103090815core:CurrentFinancialInstruments2023-12-3103090815core:Non-currentFinancialInstruments2024-12-3103090815core:Non-currentFinancialInstruments2023-12-3103090815bus:OrdinaryShareClass12024-01-012024-12-3103090815bus:PreferenceShareClass12024-01-012024-12-3103090815bus:OrdinaryShareClass12024-12-3103090815bus:OrdinaryShareClass12023-12-3103090815bus:PreferenceShareClass12024-12-3103090815bus:PreferenceShareClass12023-12-3103090815bus:PrivateLimitedCompanyLtd2024-01-012024-12-3103090815bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103090815bus:FRS1022024-01-012024-12-3103090815bus:AuditExemptWithAccountantsReport2024-01-012024-12-3103090815bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP