REGISTERED NUMBER: 04454475 (England and Wales)

WILLS & REYNOLDS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

W G Reynolds

N A Osborne

S E Foale

S J Cooper

SECRETARY:

W G Reynolds

REGISTERED OFFICE:

Frome House

5 North Portway Close

Round Spinney

Northampton

Northamptonshire

NN3 8RQ

REGISTERED NUMBER:

04454475 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

28,042

5,389

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

5

55,149

42,151

Cash at bank

41,621

68,961

116,770

131,112

CREDITORS

Amounts falling due within one year

6

102,875

87,881

NET CURRENT ASSETS

13,895

43,231

TOTAL ASSETS LESS CURRENT LIABILITIES

41,937

48,620

CREDITORS

Amounts falling due after more than one year

7

19,945

25,000

NET ASSETS

21,992

23,620

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

21,892

23,520

SHAREHOLDERS' FUNDS

21,992

23,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

W G Reynolds - Director

1.	STATUTORY INFORMATION

Wills & Reynolds 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 presentation currency of the financial statements is the Pound Sterling (£).

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 & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 July 2024

19,283

12,750

32,033

Additions

-

24,000

24,000

At 30 June 2025

19,283

36,750

56,033

DEPRECIATION

At 1 July 2024

13,990

12,654

26,644

Charge for year

1,323

24

1,347

At 30 June 2025

15,313

12,678

27,991

NET BOOK VALUE

At 30 June 2025

3,970

24,072

28,042

At 30 June 2024

5,293

96

5,389

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

54,256

41,114

Prepayments

893

1,037

55,149

42,151

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Trade creditors

40,021

30,094

Corporation tax

24,748

28,535

Social security and other taxes

692

358

VAT

8,490

5,624

Directors' current accounts

23,924

18,270

102,875

87,881

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

19,945

25,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100