Registration number: 00774263

Wilton Cobley Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Wilton Cobley Limited

(Registration number: 00774263)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	144,798	409,810
Investment property	5	-	69,244
		144,798	479,054
Current assets
Stocks	6	54,513	87,798
Debtors	7	899,546	3,260,571
Cash at bank and in hand		255,128	638,690
		1,209,187	3,987,059
Creditors: Amounts falling due within one year	8	(1,075,056)	(738,854)
Net current assets		134,131	3,248,205
Total assets less current liabilities		278,929	3,727,259
Provisions for liabilities		35,651	(24,945)
Net assets		314,580	3,702,314
Capital and reserves
Called up share capital	9	1,100	1,100
Retained earnings		313,480	3,701,214
Shareholders' funds		314,580	3,702,314

For the financial year ending 31 December 2024 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 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 29 September 2025 and signed on its behalf by:
 

Wilton Cobley Limited

(Registration number: 00774263)
Balance Sheet as at 31 December 2024

......................................... R K Ward Director

......................................... C Swaby Director

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
201A Heneage Road
Grimsby
North East Lincolnshire
DN32 9JW

These financial statements were authorised for issue by the Board on 29 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 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.

The financial statements have been prepared for the single entity in Pound Sterling and have been rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

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.

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 assets

Tangible assets are stated in the statement of financial position 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
Computer equipment	33% straight line
Plant and machinery	20% straight line
Motor vehicles	20% straight line
Freehold property	2% straight line
Leasehold property improvements	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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. 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

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Share capital

Ordinary shares are classified as equity.

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.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 40 (2023 - 40).

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	233,056	350,561	373,233	956,850
Disposals	(233,056)	(200,277)	(12,750)	(446,083)
At 31 December 2024	-	150,284	360,483	510,767
Depreciation
At 1 January 2024	100,568	249,606	196,866	547,040
Charge for the year	4,661	29,108	48,383	82,152
Eliminated on disposal	(105,229)	(145,244)	(12,750)	(263,223)
At 31 December 2024	-	133,470	232,499	365,969
Carrying amount
At 31 December 2024	-	16,814	127,984	144,798
At 31 December 2023	132,488	100,955	176,367	409,810

Included within the net book value of land and buildings above is £Nil (2023 - £132,488) in respect of freehold land and buildings.
 

5	Investment properties

	2024 £
At 1 January	69,244
Disposals	(69,244)
At 31 December	-

The value of the investment properties has been considered by the Directors and is considered to be a true reflection of their current market value.

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2024 £	2023 £
Raw materials and consumables	9,825	13,207
Work in progress	44,688	74,591
	54,513	87,798

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current	Note	2024 £	2023 £
Trade debtors		851,374	440,177
Amounts owed by related parties	12	-	2,785,570
Prepayments		29,605	26,542
Other debtors		18,567	8,282
		899,546	3,260,571

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		10,872	20,302
Trade creditors		710,859	392,684
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest	12	35,486	-
Taxation and social security		226,873	237,797
Accruals and deferred income		20,315	18,464
Other creditors		70,651	69,607
		1,075,056	738,854

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1,100	1,100	1,100	1,100

10

Dividends

		2024		2023
		£		£
Interim dividend of £3,291.00 (2023 - £278.90) per ordinary share		3,620,096		306,800

11	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £118,548 (2023 - £59,076).

12	Related party transactions

Wilton Cobley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Summary of transactions with parent

Wilton Cobley (Holdings) Limited is the Parent Company of Wilton Cobley Limited.
The shareholders of the parent company are the directors of Wilton Cobley Limited. During the year dividends of £3,620,096 (2023: £306,800) were voted to the parent.
At the year end the company owed Wilton Cobley (Holdings) £35,486 (2023: (£2,785,570)).

13	Parent and ultimate parent undertaking

The Company's immediate parent is Wilton Cobley (Holdings) Limited, incorporated in England and Wales.