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WILSON INDUSTRIES LIMITED

Registered Number
05818949
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

WILSON INDUSTRIES LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

WILSON, Arthur Otterburn
WILSON, Christopher Patrick

Registered Address

Unit 8 Castlefields Industrial Estate
Castlefields Road
Bingley
BD16 2AG

Registered Number

05818949 (England and Wales)
WILSON INDUSTRIES LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments31,584,1881,584,188
1,584,1881,584,188
Current assets
Debtors43,9621,875
Cash at bank and on hand193,883199,489
197,845201,364
Creditors amounts falling due within one year5(98,007)(10,087)
Net current assets (liabilities)99,838191,277
Total assets less current liabilities1,684,0261,775,465
Net assets1,684,0261,775,465
Capital and reserves
Called up share capital10,00010,000
Other reserves388,800388,800
Profit and loss account1,285,2261,376,665
Shareholders' funds1,684,0261,775,465
The financial statements were approved and authorised for issue by the Board of Directors on 26 June 2025, and are signed on its behalf by:
WILSON, Arthur Otterburn
Director
Registered Company No. 05818949
WILSON INDUSTRIES LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 231,584,1881,584,188
At 30 June 241,584,1881,584,188
Net book value
At 30 June 241,584,1881,584,188
At 30 June 231,584,1881,584,188

Notes

1Other investments other than loans
4.Debtors: amounts due within one year

2024

2023

££
Other debtors3,9621,875
Total3,9621,875
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,459-
Amounts owed to related parties90,0617,165
Taxation and social security-1,416
Other creditors1,4871,486
Accrued liabilities and deferred income-20
Total98,00710,087
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
Included within creditors, is an amount due to Space Productiv Limited, a wholly owned subsidiary of Wilson Industries Limited, of £90,061 (2023 - £7,165). The balance is interest free and repayable on demand.
7.Parent-subsidiary relationships
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.