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REGISTERED NUMBER: 08702295 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Wills Textiles Limited
Wills Textiles Limited (Registered number: 08702295)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wills Textiles Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A Wills





SECRETARY:





REGISTERED OFFICE: 14 Grove Road East
Christchurch
Dorset
BH23 2DQ





REGISTERED NUMBER: 08702295 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS
Page 1
Wills Textiles Limited (Registered number: 08702295)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,179 2,724

CURRENT ASSETS
Debtors 5 17,039 23,157
Cash at bank 9,203 3,254
26,242 26,411
CREDITORS
Amounts falling due within one year 6 11,498 16,073
NET CURRENT ASSETS 14,744 10,338
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,923
13,062

CREDITORS
Amounts falling due after more than one year 7 11,004 12,996
NET ASSETS 5,919 66

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,918 65
SHAREHOLDERS' FUNDS 5,919 66

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:





A Wills - Director


The notes form part of these financial statements

Page 2
Wills Textiles Limited (Registered number: 08702295)

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


1. STATUTORY INFORMATION

Wills Textiles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 20% on reducing balance
Computer Equipment - 33% on cost

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

Current tax is recognised at the amount of tax payable using the 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Page 3 continued...
Wills Textiles Limited (Registered number: 08702295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Fittings Equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 17,904 7,380 25,284
DEPRECIATION
At 1 January 2024 15,180 7,380 22,560
Charge for year 545 - 545
At 31 December 2024 15,725 7,380 23,105
NET BOOK VALUE
At 31 December 2024 2,179 - 2,179
At 31 December 2023 2,724 - 2,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade Debtors 7,082 6,991
Directors Loan Account 9,957 16,166
17,039 23,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 10,726 15,301
Social security and other taxes 172 172
Accrued Expenses 600 600
11,498 16,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 11,004 12,996

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.

Page 4