REGISTERED NUMBER: 03597703 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ken Wildsmith Limited

T/A

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Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P D Bisiker

Mr R P Gardner

REGISTERED OFFICE:

179 Fosse Road North

Leicester

LE3 5EZ

REGISTERED NUMBER:

03597703 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

18,857

35,182

CURRENT ASSETS

Stocks

24,000

24,000

Debtors

5

102,198

92,732

Cash at bank and in hand

105,540

128,636

231,738

245,368

CREDITORS

Amounts falling due within one year

6

(197,274

)

(131,017

)

NET CURRENT ASSETS

34,464

114,351

TOTAL ASSETS LESS CURRENT LIABILITIES

53,321

149,533

CREDITORS

Amounts falling due after more than one year

7

(8,380

)

(18,944

)

PROVISIONS FOR LIABILITIES

(2,231

)

(5,767

)

NET ASSETS

42,710

124,822

CAPITAL AND RESERVES

Called up share capital

20

20

Capital redemption reserve

80

80

Retained earnings

42,610

124,722

SHAREHOLDERS' FUNDS

42,710

124,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:

Mr R P Gardner - Director

Mr P D Bisiker - Director

1.	STATUTORY INFORMATION

Ken Wildsmith 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.

The prior accounting period was shortened from 31 August 2023 to 31 March 2023 for commercial reasons. The comparative are for a seven month period and are therefore not entirely comparable to the current twelve month period.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost and 15% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

359,827

1,513

30,485

31,262

423,087

Additions

150

-

-

-

150

At 31 March 2025

359,977

1,513

30,485

31,262

423,237

DEPRECIATION

At 1 April 2024

334,284

1,494

21,456

30,671

387,905

Charge for year

13,798

19

2,258

400

16,475

At 31 March 2025

348,082

1,513

23,714

31,071

404,380

NET BOOK VALUE

At 31 March 2025

11,895

-

6,771

191

18,857

At 31 March 2024

25,543

19

9,029

591

35,182

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

95,094

85,614

Other debtors

7,104

7,118

102,198

92,732

Other debtors includes prepayments and accrued income of £7,104 (2024: £7,118).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,114

Trade creditors

50,394

28,959

Taxation and social security

48,369

21,966

Other creditors

87,863

69,978

197,274

131,017

Other creditors includes accruals and deferred income of £4,235 (2024: £3,753).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

8,380

18,944

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

19,028

29,058

The bank loan is secured over the assets of the company.

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £49,740 (2024: £75,975).