Wilkinson Woodward Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07920767

WILKINSON WOODWARD LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

WILKINSON WOODWARD LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Pages

Balance sheet 1 to 2

Notes to the financial statements 3 to 8

WILKINSON WOODWARD LIMITED

BALANCE SHEET

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	558,672	598,474

Current assets

Debtors	7	1,991,111	1,873,808
Cash at bank and in hand		1,837,278	1,128,267
		------------	------------
		3,828,389	3,002,075

Creditors: amounts falling due within one year	8	1,918,337	1,013,663
		------------	------------
Net current assets		1,910,052	1,988,412
		------------	------------
Total assets less current liabilities		2,468,724	2,586,886

Creditors: amounts falling due after more than one year	9	1,370,620	16,314

Provisions	50,872	73,953
	------------	------------
Net assets	1,047,232	2,496,619
	------------	------------

Capital and reserves

Called up share capital	12	30	80
Capital redemption reserve		100	50
Profit and loss account		1,047,102	2,496,489
		------------	------------
Shareholders funds		1,047,232	2,496,619
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

WILKINSON WOODWARD LIMITED

BALANCE SHEET (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

M S Cawthorn	A M Crabtree
Director	Director

Company registration number: 07920767

WILKINSON WOODWARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Fountain Street, Halifax, HX1 1LU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Operating lease agreements

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Investment properties

FRS 102 section 1A requires properties held for investment to be included in the Balance Sheet at their fair value. The directors consider that to comply with this requirement annually would involve disproportionate time and effort and therefore the investment properties are included at cost.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The fee income shown in the profit and loss account represents the value of work done during the year. This income is stated exclusive of value added tax.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line, subject to impairment review
Property improvements	-	10% straight line / lease term
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	10% straight line
Freehold investment property	-	No depreciation

No depreciation is provided on investment properties, which are subject to an annual impairment review.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme for employees and directors. The assets of the scheme are held seperately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 91 (2024: 101 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	454,307
	------------
Amortisation
At 1 April 2024 and 31 March 2025	454,307
	------------
Carrying amount
At 31 March 2025	–
	------------
At 31 March 2024	–
	------------

6. Tangible assets

	Freehold property	Property improvements	Fixtures, fittings and equipment	Motor vehicles	Freehold investment property	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	446,520	85,426	558,304	5,650	108,325	1,204,225
Additions	2,500	15,366	10,123	–	–	27,989
Disposals	–	–	–	( 5,650)	–	( 5,650)
	------------	------------	------------	------------	------------	------------
At 31 Mar 2025	449,020	100,792	568,427	–	108,325	1,226,564
	------------	------------	------------	------------	------------	------------
Depreciation
At 1 Apr 2024	229,553	64,889	281,413	4,896	25,000	605,751
Charge for the year	8,980	4,510	53,547	45	–	67,082
Disposals	–	–	–	( 4,941)	–	( 4,941)
	------------	------------	------------	------------	------------	------------
At 31 Mar 2025	238,533	69,399	334,960	–	25,000	667,892
	------------	------------	------------	------------	------------	------------
Carrying amount
At 31 Mar 2025	210,487	31,393	233,467	–	83,325	558,672
	------------	------------	------------	------------	------------	------------
At 31 Mar 2024	216,967	20,537	276,891	754	83,325	598,474
	------------	------------	------------	------------	------------	------------

Depreciation brought forward for Freehold Property and Freehold Investment Property includes £122,292 and £25,000 respectively following an impairment review undertaken by the directors at 31 March 2015. The directors are of the opinion that no further impairment adjustments are required as at 31 March 2025 and therefore depreciation for the year has been provided in accordance with the company`s standard policy.

7. Debtors

	2025	2024
	£	£
Trade debtors	318,711	344,935
Other debtors	1,672,400	1,528,873
	------------	------------
	1,991,111	1,873,808
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	10,098	10,098
Trade creditors	142,135	132,889
Accruals and deferred income	344,990	353,764
Corporation tax	355,307	102,216
Social security and other taxes	277,627	162,581
Directors' loan accounts	275,923	251,569
Other creditors	512,257	546
	------------	------------
	1,918,337	1,013,663
	------------	------------

Bank loans of £10,098 (2024: £10,098) are secured on the assets of the company.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	6,395	16,314
Directors' loan accounts	1,364,225	–
	------------	------------
	1,370,620	16,314
	------------	------------

Bank loans of £6,395 (2024: £16,314) are secured on the assets of the company.

Included within creditors: amounts falling due after more than one year is an amount of £406,702 (2024: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

10. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2025	2024
	£	£
Included in provisions	50,872	73,953
	------------	------------

11. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution pension plans was £ 325,043 (2024: £ 463,983 ).

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	30	30	80	80
	------------	------------	------------	------------

During the year the company purchased and cancelled various shareholdings for an aggregate cash consideration of £2,207,446.

13. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases is £ 68,511 (2024: £ 101,008 ).

14. Related party transactions

Included in creditors are loans from directors totalling £1,640,148 (2024: £251,569). These loans are unsecured and bear interest at base rate plus 2% (2024 : Interest borne at base rate plus 2%).

15. Control

The directors consider that there is no one controlling party of the company.