1 April 2024 v2025.83.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwaretruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP123664152024-04-012025-03-31123664152025-03-31123664152024-03-3112366415core:WithinOneYear2025-03-3112366415core:WithinOneYear2024-03-3112366415core:ShareCapital2025-03-3112366415core:ShareCapital2024-03-3112366415core:RetainedEarningsAccumulatedLosses2025-03-3112366415core:RetainedEarningsAccumulatedLosses2024-03-3112366415bus:Director12024-04-012025-03-3112366415bus:RegisteredOffice2024-04-012025-03-311236641512024-04-012025-03-3112366415countries:EnglandWales2024-04-012025-03-3112366415bus:AuditExemptWithAccountantsReport2024-04-012025-03-3112366415bus:PrivateLimitedCompanyLtd2024-04-012025-03-3112366415bus:SmallEntities2024-04-012025-03-3112366415bus:FullAccounts2024-04-012025-03-31
Company registration number:
12366415
Wilson Costello Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Wilson Costello Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Wilson Costello Limited
Year ended
31 March 2025
As described on the statement of financial position, the Board of Directors of
Wilson Costello Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Griffin Accountants
25 Park Street
Macclesfield
Cheshire
SK11 6SS
United Kingdom
Wilson Costello Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Current assets    
Debtors 4
32,240
 
32,240
 
Cash at bank and in hand
(20
)
(20
)
32,220
 
32,220
 
Creditors: amounts falling due within one year 5
202,782
 
203,694
 
Net current assets
235,002
 
235,914
 
Total assets less current liabilities 235,002   235,914  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
234,902
 
235,814
 
Shareholders funds
235,002
 
235,914
 
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year.
For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 December 2025
, and are signed on behalf of the board by:
Mr J Milne
Director
Company registration number:
12366415
Wilson Costello Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
128 City Road
,
London
,
EC1V 2NX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Income Statement

The company is dormant as defined in section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Debtors

20252024
££
Other debtors
32,240
 
32,240
 

5 Creditors: amounts falling due within one year

20252024
££
Other creditors
(202,782
)
(203,694
)