Registration number: 07634374

Wilmot Associates Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Wilmot Associates Limited

Company Information

Directors

Mr J D Wilmot Mrs S E Wilmot

Registered office

Suite 1 The Portway Centre Old Sarum Park Old Sarum Salisbury Wiltshire SP4 6EB

Accountants

Numeric Accounting Chartered Certified AccountantsSuite 1 The Portway Centre Old Sarum Park Old Sarum Salisbury Wiltshire SP4 6EB

Wilmot Associates Limited

(Registration number: 07634374)
Abridged Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,409	1,879
Current assets
Debtors		24,731	-
Cash at bank and in hand		54,351	145,908
		79,082	145,908
Prepayments and accrued income		447	24,545
Creditors: Amounts falling due within one year		(30,176)	(119,134)
Net current assets		49,353	51,319
Total assets less current liabilities		50,762	53,198
Provisions for liabilities		(268)	(393)
Net assets		50,494	52,805
Capital and reserves
Called up share capital	5	2	2
Retained earnings		50,492	52,803
Shareholders' funds		50,494	52,805

For the financial year ending 31 May 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and 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 16 September 2025 and signed on its behalf by:
 

Wilmot Associates Limited

(Registration number: 07634374)
Abridged Balance Sheet as at 31 May 2025 (continued)

......................................... Mr J D Wilmot Director

......................................... Mrs S E Wilmot Director

Wilmot Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1	General information

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

The address of its registered office is:
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

These financial statements were authorised for issue by the Board on 16 September 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 abridged 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 abridged 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.

Wilmot Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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
Plant and Machinery	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Wilmot Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Wilmot Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025 (continued)

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 June 2024	1,540	3,845	5,385
At 31 May 2025	1,540	3,845	5,385
Depreciation
At 1 June 2024	1,351	2,155	3,506
Charge for the year	47	423	470
At 31 May 2025	1,398	2,578	3,976
Carrying amount
At 31 May 2025	142	1,267	1,409
At 31 May 2024	189	1,690	1,879

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

6

Dividends

		2025		2024
		£		£
Interim dividend of £14,500.00 (2024 - £17,000.00) per ordinary share		29,000		34,000

Wilmot Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025 (continued)

7	Related party transactions

Transactions with directors

2025	At 1 June 2024 £	Advances to director £	Other payments made to company by director £	At 31 May 2025 £
Mrs S E Wilmot
Sally and James Wilmot introduced an interest free loan to the company in the financial year ended 31 May 2022 and was repayable upon demand to the Directors.	(88,605)	82,227	-	(6,378)
Mr J D Wilmot
The loan is interest free with no fixed date of repayment.	(8,114)	2,037	(1,943)	(8,020)

2024	At 1 June 2023 £	Advances to director £	Other payments made to company by director £	At 31 May 2024 £
Mrs S E Wilmot
Sally and James Wilmot introduced an interest free loan to the company in the financial year ended 31 May 2022 and was repayable upon demand to the Directors.	(140,728)	52,123	-	(88,605)
Mr J D Wilmot
The loan is interest free with no fixed date of repayment.	(8,168)	779	(725)	(8,114)

Directors' remuneration

The directors' remuneration for the year was as follows:

Wilmot Associates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025 (continued)

7	Related party transactions (continued)

	2025 £	2024 £
Remuneration	24,904	24,896
Contributions paid to money purchase schemes	27,200	7,200
	52,104	32,096