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Registration number: 06846022

A B & J L Wilcox Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Company Information

Directors

J L Wilcox

A B Wilcox

Registered office

Unit 2 Newmarket Road
Fordham
Ely
Cambridgeshire
CB7 5LL

Registered number

06846022

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

145,926

70,138

Investments

5

50

50

 

145,976

70,188

Current assets

 

Stocks

6

177,758

180,667

Debtors

7

42,330

30,709

Cash at bank and in hand

 

21,177

25,909

 

241,265

237,285

Creditors: Amounts falling due within one year

8

(188,998)

(146,427)

Net current assets

 

52,267

90,858

Total assets less current liabilities

 

198,243

161,046

Creditors: Amounts falling due after more than one year

8

(83,456)

(46,001)

Provisions for liabilities

(31,629)

(12,646)

Net assets

 

83,158

102,399

Capital and reserves

 

Called up share capital

100

100

Retained earnings

83,058

102,299

Shareholders' funds

 

83,158

102,399

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

.........................................
J L Wilcox
Director

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Newmarket Road
Fordham
Ely
Cambridgeshire
CB7 5LL

The principal place of business is:
Hill Farm
West Head Road
Stow Bridge
Norfolk
PE34 3NR

These financial statements were authorised for issue by the Board on 3 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

25% reducing balance per annum (farmhouse extension not depreciated)

Plant and machinery

25% reducing balance per annum

Motor vehicles

25% reducing balance per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 5).

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Motor vehicles
 £

Leasehold property
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

14,000

32,427

328,871

375,298

Additions

-

-

89,500

89,500

Disposals

-

-

(1,012)

(1,012)

At 31 March 2025

14,000

32,427

417,359

463,786

Depreciation

At 1 April 2024

3,500

12,874

288,786

305,160

Charge for the year

2,625

144

10,929

13,698

Eliminated on disposal

-

-

(998)

(998)

At 31 March 2025

6,125

13,018

298,717

317,860

Carrying amount

At 31 March 2025

7,875

19,409

118,642

145,926

At 31 March 2024

10,500

19,553

40,085

70,138

5

Investments

Anglia Farmers
Limited
£

Cost

At 1 April 2024

50

At 31 March 2025

50

Carrying amount

At 31 March 2025

50

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Stocks

2025
£

2024
£

Work in progress

177,758

180,667

7

Debtors

Current

2025
£

2024
£

Trade debtors

-

19,455

Prepayments

83

-

Other debtors

42,247

11,254

 

42,330

30,709

 

A B & J L Wilcox Ltd
(Registration number: 06846022)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

47,463

32,870

Trade creditors

 

21,643

63,891

Taxation and social security

 

-

33,609

Accruals and deferred income

 

91,235

9,320

Other creditors

 

28,657

6,737

 

188,998

146,427

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

83,456

46,001

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

7,964

7,980

Other borrowings

21,190

24,890

HP and finance lease liabilities

18,309

-

47,463

32,870

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,369

9,353

Hire purchase contracts

65,191

-

Other borrowings

16,896

36,648

83,456

46,001