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REGISTERED NUMBER: 03134891 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

WICKMAN COVENTRY LIMITED

WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WICKMAN COVENTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C P Barrett
O A Coyne





SECRETARY: O A Coyne





REGISTERED OFFICE: Automatic House, Discovery Way
Leofric Business Park
Binley
Coventry
West Midlands
CV3 2TD





REGISTERED NUMBER: 03134891 (England and Wales)





AUDITORS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 248,065 328,522
Investments 5 898,107 898,107
1,146,172 1,226,629

CURRENT ASSETS
Stocks 3,182,489 3,687,278
Debtors 6 1,411,814 1,732,602
Cash at bank and in hand 37,707 148,446
4,632,010 5,568,326
CREDITORS
Amounts falling due within one year 7 3,132,347 4,157,486
NET CURRENT ASSETS 1,499,663 1,410,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,645,835

2,637,469

CREDITORS
Amounts falling due after more than one
year

8

(20,887

)

(64,522

)

PROVISIONS FOR LIABILITIES (9,576 ) (27,029 )
NET ASSETS 2,615,372 2,545,918

CAPITAL AND RESERVES
Called up share capital 11 1,387,729 1,387,729
Share premium 106,521 106,521
Retained earnings 1,121,122 1,051,668
SHAREHOLDERS' FUNDS 2,615,372 2,545,918

WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 21 February 2025 and were signed on its behalf by:




O A Coyne - Director



C P Barrett - Director


WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Wickman Coventry 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% reducing balance
Plant and machinery - 10% reducing balance
Fixtures and fittings - 10 - 20% reducing balance
Motor vehicles - 25% reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 325,836 165,455 339,391 55,560 886,242
Additions - - 722 - 722
Disposals (29,997 ) (1,399 ) (18,220 ) - (49,616 )
At 30 September 2024 295,839 164,056 321,893 55,560 837,348
DEPRECIATION
At 1 October 2023 124,385 145,758 248,138 39,439 557,720
Charge for year 7,396 4,178 21,784 9,898 43,256
Eliminated on disposal (313 ) (1,399 ) (9,981 ) - (11,693 )
At 30 September 2024 131,468 148,537 259,941 49,337 589,283
NET BOOK VALUE
At 30 September 2024 164,371 15,519 61,952 6,223 248,065
At 30 September 2023 201,451 19,697 91,253 16,121 328,522

WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 10,568 887,539 898,107
NET BOOK VALUE
At 30 September 2024 10,568 887,539 898,107
At 30 September 2023 10,568 887,539 898,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,225,094 1,523,948
Amounts owed by group undertakings 36,654 36,654
Other debtors 49,714 91,285
VAT 5,581 -
Prepayments 94,771 80,715
1,411,814 1,732,602

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 617,488 818,873
Hire purchase contracts 3,540 10,386
Payments on account 200,020 597,581
Trade creditors 969,686 1,312,162
Amounts owed to group undertakings 1,162,166 1,220,166
Corporation tax 33,028 35,916
Social security and other taxes 18,349 33,562
Other creditors - 31
Accruals and deferred income 128,070 128,809
3,132,347 4,157,486

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 20,887 60,982
Hire purchase contracts - 3,540
20,887 64,522

WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 287,440 384,959
Bank loans 330,048 433,914
617,488 818,873

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,009 45,766

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,878 15,216

10. SECURED DEBTS

The bank overdraft and bank loans are secured by way of a first legal charge over the assets of the company. Hire purchase liabilities are secured on the fixed assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,173,410 Ordinary 1 1,173,410 1,173,410
25,000 Ordinary A 1 25,000 25,000
757,274 Ordinary B 0.25 189,319 189,319
1,387,729 1,387,729

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

The Report of the Auditors was unqualified.

Mrs Sarah Elizabeth Warner FCCA (Senior Statutory Auditor)
for and on behalf of Bentens

13. CONTINGENT LIABILITIES

The company's bankers hold an unlimited multilateral guarantee with the company and its subsidiary, Tangi-Flow Products Limited, with the right to "Group Set-off" of group company bank balances.

WICKMAN COVENTRY LIMITED (REGISTERED NUMBER: 03134891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. ULTIMATE CONTROLLING PARTY

The immediate parent company is TAJMAC-ZPS, a company incorporated in Czech Republic.

The ultimate parent company is TAJMAC MTM S.p.a., a company incorporated in Italy.