Wiles Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06511362

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		355,480		358,489
Investments	5		8		8

			355,488		358,497
CURRENT ASSETS
Debtors	6	654,897		648,384
Cash at bank and in hand		685		2,491

		655,582		650,875
Creditors: Amounts Falling Due Within One Year	7	(172,892 )		(144,401 )

NET CURRENT ASSETS (LIABILITIES)			482,690		506,474

TOTAL ASSETS LESS CURRENT LIABILITIES			838,178		864,971

Creditors: Amounts Falling Due After More Than One Year	8		(605,664 )		(600,219 )

NET ASSETS			232,514		264,752

CAPITAL AND RESERVES
Called up share capital	9		6		6
Share premium account			330,002		330,002
Profit and Loss Account			(97,494 )		(65,256 )

SHAREHOLDERS' FUNDS			232,514		264,752

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Wiles Holdings Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R J Wiles

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wiles Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06511362 . The registered office is Spring Park Farm, Park Lane, Cottingham, North Humberside, HU16 5RZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

Estimates and judgements are continually evaluated anad are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

2.3. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% on reducing balance
Plant & Machinery	20% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	20% on reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

2.7. Taxation

Taxation for the year comprises of 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 and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

...CONTINUED

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Wiles Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation - continued

Unrelieved tax losses and other deferred tax assets are recognised only to the extend that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	347,114	3,352	10,016	23	360,505

As at 31 December 2024	347,114	3,352	10,016	23	360,505

Depreciation
As at 1 January 2024	163	390	1,461	2	2,016
Provided during the period	273	593	2,139	4	3,009

As at 31 December 2024	436	983	3,600	6	5,025

Net Book Value
As at 31 December 2024	346,678	2,369	6,416	17	355,480

As at 1 January 2024	346,951	2,962	8,555	21	358,489

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	8

As at 31 December 2024	8

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	8

As at 1 January 2024	8

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	128,472	100,170
Other debtors	526,425	548,214

	654,897	648,384

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Wiles Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,945	684
Other creditors	160,273	143,188
Taxation and social security	8,674	529

	172,892	144,401

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	605,664	600,219

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	6	6

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