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Company No: 05939236 (England and Wales)

JULIAN WILKINS SURVEYORS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

JULIAN WILKINS SURVEYORS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

JULIAN WILKINS SURVEYORS LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
JULIAN WILKINS SURVEYORS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
Directors J L Kidd
J P Wilkins
Registered office 132 The Street
Rustington
BN16 3DA
United Kingdom
Company number 05939236 (England and Wales)
Accountant Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JULIAN WILKINS SURVEYORS LIMITED

For the financial year ended 31 October 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JULIAN WILKINS SURVEYORS LIMITED (continued)

For the financial year ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Julian Wilkins Surveyors Limited for the financial year ended 31 October 2024 which comprise the Balance Sheet and the related notes 1 to 6 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Julian Wilkins Surveyors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Julian Wilkins Surveyors Limited. You consider that Julian Wilkins Surveyors Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Julian Wilkins Surveyors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Julian Wilkins Surveyors Limited, as a body, in accordance with the terms of our engagement letter dated 17 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Julian Wilkins Surveyors Limited and state those matters that we have agreed to state to the Board of Directors of Julian Wilkins Surveyors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julian Wilkins Surveyors Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

14 July 2025

JULIAN WILKINS SURVEYORS LIMITED

BALANCE SHEET

As at 31 October 2024
JULIAN WILKINS SURVEYORS LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 92,312 96,131
92,312 96,131
Current assets
Debtors 4 70,863 56,680
Cash at bank and in hand 101,291 87,604
172,154 144,284
Creditors: amounts falling due within one year 5 ( 107,421) ( 107,990)
Net current assets 64,733 36,294
Total assets less current liabilities 157,045 132,425
Provision for liabilities 6 ( 11,629) ( 11,821)
Net assets 145,416 120,604
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 144,416 119,604
Total shareholders' funds 145,416 120,604

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Julian Wilkins Surveyors Limited (registered number: 05939236) were approved and authorised for issue by the Board of Directors on 30 June 2025. They were signed on its behalf by:

J P Wilkins
Director
JULIAN WILKINS SURVEYORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
JULIAN WILKINS SURVEYORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Julian Wilkins Surveyors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 132 The Street, Rustington, BN16 3DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Vehicles 5 years straight line
Office equipment 30 % reducing balance
Computer equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 14

3. Tangible assets

Land and buildings Vehicles Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 November 2023 51,218 42,490 20,819 16,113 130,640
Additions 0 0 3,227 5,884 9,111
At 31 October 2024 51,218 42,490 24,046 21,997 139,751
Accumulated depreciation
At 01 November 2023 3,305 8,755 16,191 6,258 34,509
Charge for the financial year 1,024 8,498 1,753 1,655 12,930
At 31 October 2024 4,329 17,253 17,944 7,913 47,439
Net book value
At 31 October 2024 46,889 25,237 6,102 14,084 92,312
At 31 October 2023 47,913 33,735 4,628 9,855 96,131

4. Debtors

2024 2023
£ £
Trade debtors 43,482 29,779
Amounts recoverable on contracts 5,000 5,000
Prepayments 22,381 21,901
70,863 56,680

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,225 18,715
Amounts owed to directors 1,067 793
Accruals 429 0
Taxation and social security 95,276 87,365
Other creditors 5,424 1,117
107,421 107,990

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 11,821) ( 18,341)
Credited to the Profit and Loss Account 192 6,520
At the end of financial year ( 11,629) ( 11,821)

The deferred taxation balance is made up as follows:

2024 2023
£ £
Accelerated capital allowances ( 11,740) ( 12,055)
Pension surplus 111 234
( 11,629) ( 11,821)