Willan House (Stainfield) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08545443 (England and Wales)

WILLAN HOUSE (STAINFIELD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

J Shiers

Mrs C Shiers

REGISTERED OFFICE:

Willan House

Stainfield

Wragby

Market Rasen

Lincolnshire

LN8 5JL

REGISTERED NUMBER:

08545443 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

77,586

79,106

CURRENT ASSETS

Stocks

7,500

Debtors

5

15,271

13,622

Cash at bank and in hand

100,498

72,304

123,269

93,426

CREDITORS

Amounts falling due within one year

6

64,536

32,197

NET CURRENT ASSETS

58,733

61,229

TOTAL ASSETS LESS CURRENT LIABILITIES

136,319

140,335

CREDITORS

Amounts falling due after more than one year

7

(8,334

)

(18,334

)

PROVISIONS FOR LIABILITIES

(4,044

)

(4,406

)

NET ASSETS

123,941

117,595

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

123,841

117,495

SHAREHOLDERS' FUNDS

123,941

117,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mrs C Shiers - Director

1.	STATUTORY INFORMATION

Willan House (Stainfield) 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 net of trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from care services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when the service is given.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 etc

-

33% on cost, 20% on reducing balance, 15% on reducing balance and not provided

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

103,846

Additions

1,680

Disposals

(1,259

)

At 31 May 2025

104,267

DEPRECIATION

At 1 June 2024

24,740

Charge for year

2,831

Eliminated on disposal

(890

)

At 31 May 2025

26,681

NET BOOK VALUE

At 31 May 2025

77,586

At 31 May 2024

79,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Other debtors

15,271

13,622

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts

10,000

Trade creditors

8,609

6,125

Taxation and social security

12,864

7,947

Other creditors

33,063

8,125

64,536

32,197

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

Bank loans

8,334

18,334

8.	LEASING AGREEMENTS

There are minimum lease payments under non-cancellable operating leases due totalling £64,800 (2024 - £97,200).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

100

Ordinary

£1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account brought forward of £3,587 overdrawn (2024 £18,305 in credit). During the year the directors of the company borrowed £14,811 (2024 £50,399) and repaid £41,827 (2024 £65,118). The balance at the end of the year totalled £23,429 (2024 £3,587 overdrawn).