REGISTERED NUMBER: 09021594 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WILEY'S FINEST UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P L Farquhar

Mr J N Wiley

Mr G D Lindsey

REGISTERED OFFICE:

Omega House

Cornford Road

Blackpool

FY4 4QQ

REGISTERED NUMBER:

09021594 (England and Wales)

AUDITORS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,826

-

3,826

-

CURRENT ASSETS

Stocks

298,251

301,692

Debtors

6

348,232

357,529

Cash at bank

174,715

275,457

821,198

934,678

CREDITORS

Amounts falling due within one year

7

203,023

497,158

NET CURRENT ASSETS

618,175

437,520

TOTAL ASSETS LESS CURRENT LIABILITIES

622,001

437,520

CREDITORS

Amounts falling due after more than one year

8

10,000

20,076

NET ASSETS

612,001

417,444

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

612,000

417,443

SHAREHOLDERS' FUNDS

612,001

417,444

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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr P L Farquhar - Director

1.	STATUTORY INFORMATION

Wiley's Finest UK 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

66,600

AMORTISATION

At 1 January 2024

and 31 December 2024

66,600

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

103,224

Additions

4,704

At 31 December 2024

107,928

DEPRECIATION

At 1 January 2024

103,224

Charge for year

878

At 31 December 2024

104,102

NET BOOK VALUE

At 31 December 2024

3,826

At 31 December 2023

-

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

227,133

171,758

Deferred tax asset

64,440

65,050

Prepayments and accrued income

1,659

1,412

293,232

238,220

Amounts falling due after more than one year:

Deferred tax asset

55,000

119,309

Aggregate amounts

348,232

357,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

140,515

416,309

Social security and other taxes

9,910

15,383

VAT

27,632

27,668

Other creditors

40

855

Accruals and deferred income

14,926

26,943

203,023

497,158

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

-

10,076

10,000

20,076

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Woodburn (Senior Statutory Auditor)

for and on behalf of Wallwork Nelson & Johnson

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Wiley Companies, a company registered in Ohio, United States.