Wilbar Associates Limited - Filleted accounts

Registered number

03038242

Wilbar Associates Limited

Filleted Accounts

31 March 2025

Wilbar Associates Limited
Registered number:		03038242
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		466,885			448,816

Current assets
Debtors	4	349,953			86,513
Cash at bank and in hand		77,802			326,314
		427,755			412,827

Creditors: amounts falling due within one year	5	(41,302)			(34,657)

Net current assets			386,453			378,170

Net assets			853,338			826,986

Capital and reserves
Called up share capital			1,000			1,000
Capital redemption reserve			1,000			1,000
Profit and loss account			851,338			824,986

Shareholder's funds			853,338			826,986

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs P C Driver
Director
Approved by the board on 16 December 2025

Wilbar Associates Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance basis
	Motor vehicles			25% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	423,624		145,462		53,200		622,286
	Additions	4,210		19,876		7,000		31,086
	At 31 March 2025	427,834		165,338		60,200		653,372

	Depreciation
	At 1 April 2024	-		127,316		46,154		173,470
	Charge for the year	-		9,505		3,512		13,017
	At 31 March 2025	-		136,821		49,666		186,487

	Net book value
	At 31 March 2025	427,834		28,517		10,534		466,885
	At 31 March 2024	423,624		18,146		7,046		448,816

	Land and buildings consists of Freehold land and buildings .
	It is recognised at cost, which is believed by the directors to be true and fair view at 31.03.2025


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					427,834		423,624
	Cumulative depreciation based on historical cost					-		-
						427,834		423,624

4	Debtors					2025		2024
£							£

	Trade debtors					41,782		76,513
	Directors loan					250,000		10,000
	Other debtors					58,171		-
						349,953		86,513






5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					7,977		7,532
	Corporation tax					10,115		12,356
	Other taxes and social security costs					23,210		14,769
						41,302		34,657

6	Loans to (from) directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Mrs P C Driver	(10,000)		(240,000)		-		(250,000)

		(10,000)		(240,000)		-		(250,000)

	The loan was repaid on in full on 24th October 2025

7	Related party transactions
	Mr D Driver owns a share of the freehold property at Bucks Green
	for which he personally receives rental income.

8	Other information

	Wilbar Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	98 London Road
	Bognor Regis
	West Sussex
	PO21 1DD