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REGISTERED NUMBER: 01432574 (England and Wales)












Financial Statements

for the Year Ended 31 August 2024

for

B.J. Wilson Limited

B.J. Wilson Limited (Registered number: 01432574)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B.J. Wilson Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: Mrs M A Wilson
Mr J A Kirk
D Bache



SECRETARY: Mrs M A Wilson



REGISTERED OFFICE: 18-20 Sinfin District Centre
Sinfin
Derby
Derbyshire
DE24 3ND



REGISTERED NUMBER: 01432574 (England and Wales)



AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR



BANKERS: HSBC Bank plc
41 Market Place
Long Eaton
Nottingham
NG10 1BA

B.J. Wilson Limited (Registered number: 01432574)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 291,131 322,910
291,131 322,910

CURRENT ASSETS
Stocks 272,369 290,969
Debtors 6 748,198 745,200
Cash at bank and in hand 726,556 1,027,316
1,747,123 2,063,485
CREDITORS
Amounts falling due within one year 7 951,034 906,441
NET CURRENT ASSETS 796,089 1,157,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,220

1,479,954

CREDITORS
Amounts falling due after more than
one year

8

12,243

22,443
NET ASSETS 1,074,977 1,457,511

CAPITAL AND RESERVES
Called up share capital 11 105 105
Share premium 24,660 24,660
Retained earnings 1,050,212 1,432,746
SHAREHOLDERS' FUNDS 1,074,977 1,457,511

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Mr J A Kirk - Director


B.J. Wilson Limited (Registered number: 01432574)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

B.J. Wilson 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 businesses, is being written off evenly over its estimated useful life of 10 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.

Lease premiums are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - equally over the period of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The investment property was sold during the current year and a loss on sale was realised.

Stocks
Stocks are valued using the retail inventory method. This method has been adopted due to the volume of stock held. The value of stock is determined by applying the appropriate percentage gross margin to the sales value of each type of stock. The percentage used takes into consideration stock that has been marked down to below its original selling price.

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


B.J. Wilson Limited (Registered number: 01432574)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

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
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.

Lease premiums
Lease premiums are written off equally over the term of the lease

Grants
Grant income received relating to revenue items is recognised in the profit and loss at the time at which all conditions of the grant have been satisfied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 77 (2023 - 78 ) .

4. INTANGIBLE FIXED ASSETS
Lease
Goodwill premiums Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,247,900 15,000 1,262,900
AMORTISATION
At 1 September 2023
and 31 August 2024 1,247,900 15,000 1,262,900
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - - -

B.J. Wilson Limited (Registered number: 01432574)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2023 62,618 65,241 879,603
Additions - 29,638 -
At 31 August 2024 62,618 94,879 879,603
DEPRECIATION
At 1 September 2023 62,618 12,027 706,167
Charge for year - 15,582 26,016
At 31 August 2024 62,618 27,609 732,183
NET BOOK VALUE
At 31 August 2024 - 67,270 147,420
At 31 August 2023 - 53,214 173,436

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 36,824 287,329 1,331,615
Additions - - 29,638
At 31 August 2024 36,824 287,329 1,361,253
DEPRECIATION
At 1 September 2023 18,449 209,444 1,008,705
Charge for year 4,324 15,495 61,417
At 31 August 2024 22,773 224,939 1,070,122
NET BOOK VALUE
At 31 August 2024 14,051 62,390 291,131
At 31 August 2023 18,375 77,885 322,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 604,050 531,006
Other debtors 100,090 79,097
Directors' current accounts - 90,000
Prepayments 44,058 45,097
748,198 745,200

B.J. Wilson Limited (Registered number: 01432574)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,201 9,951
Trade creditors 903,947 857,613
Social security and other taxes 16,707 18,840
Other creditors 2,423 2,281
Accrued expenses 17,756 17,756
951,034 906,441

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,451 10,201
Bank loans - 2-5 years 1,792 12,242
12,243 22,443

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 58,417 59,166
Between one and five years 103,633 187,500
162,050 246,666

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

All monies due or to become due from BJ Wilson Limited to HSBC bank are secured on the following:

Debenture including a fixed charge over all present freehold and leasehold property; a fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and a floating charge over all assets and undertaking both present and future dated 17th June 1982.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
105 Ordinary £1 105 105

B.J. Wilson Limited (Registered number: 01432574)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

11. CALLED UP SHARE CAPITAL - continued

Share options:

The following options over the company's shares were outstanding at 31st August 2022:

Date of GrantNo of Ordinary sharesExercise price

24th October 201310£7,500

17th August 201717£6,552

20th October 202018£4,727
The options were granted both under the enterprise management incentive scheme and as normal share options. The options may be exercised at the shareholder's option in whole or part at any time before the tenth anniversary of the date of the grant.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Perry FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr J A Kirk
Balance outstanding at start of year 90,000 -
Amounts advanced - 90,000
Amounts repaid (90,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 90,000

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M A Wilson.