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Registered number: 06087313
Wiltshire Rod & Gun Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Square One
Chartered Certified Accountants
28 Glynn Road
Peacehaven
East Sussex
BN10 8AT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06087313
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,403 3,530
2,403 3,530
CURRENT ASSETS
Stocks 5 144,484 268,275
Debtors 6 1,050 15,330
Cash at bank and in hand 7,008 9,111
152,542 292,716
Creditors: Amounts Falling Due Within One Year 7 (163,842 ) (210,944 )
NET CURRENT ASSETS (LIABILITIES) (11,300 ) 81,772
TOTAL ASSETS LESS CURRENT LIABILITIES (8,897 ) 85,302
Creditors: Amounts Falling Due After More Than One Year 8 (1,824 ) (11,668 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (456 ) (670 )
NET (LIABILITIES)/ASSETS (11,177 ) 72,964
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (11,179 ) 72,962
SHAREHOLDERS' FUNDS (11,177) 72,964
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Cassandra Boundy
Director
30th December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wiltshire Rod & Gun Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06087313 . The registered office is 135 Victoria Road, Swindon, SN1 3BU.
The presentation currency is £ sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company traded at a loss for the year ended 31 March 2024 due to increased competition and difficult market conditions, however, however, the going concern basis of accounting remains appropriate.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity. This is usually at the point of sale or on despatch of the goods. 
Rendering of services
Turnover from the rendering of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.  Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% on cost
Plant & Machinery 25% on cost and 15% on cost
Motor Vehicles 25% on cost
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
Cost includes all direct costs, costs of conversion and other costs incurred in bringing stock to its present location and condition.
Work-in-progress is reflected in the accounts on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. 
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 1,000 39,482 1,019 41,501
As at 31 March 2025 1,000 39,482 1,019 41,501
Depreciation
As at 1 April 2024 999 35,954 1,018 37,971
Provided during the period - 1,127 - 1,127
As at 31 March 2025 999 37,081 1,018 39,098
Net Book Value
As at 31 March 2025 1 2,401 1 2,403
As at 1 April 2024 1 3,528 1 3,530
5. Stocks
2025 2024
£ £
Stock 144,484 268,275
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,050 794
Other debtors - 14,536
1,050 15,330
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 87,068 141,064
Bank loans and overdrafts 40,192 44,382
Other loans 10,946 10,946
Other creditors 12,253 12,666
Taxation and social security 13,383 1,886
163,842 210,944
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,824 11,668
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 19,500 19,500
Later than one year and not later than five years 29,250 48,750
48,750 68,250
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Miss Cassandra Boundy 5,723 - 5,723 - -
Mr Anthony Manvell 5,723 - 5,723 - -
The above loan is unsecured, interest free and repayable on demand and has been repaid withing nine months of the year end.
The directors have provided personal guarantees over the bank overdraft.
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