0 7 Neil Wilson Accountancy Limited 04206305 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is provision of accountancy services Digita Accounts Production Advanced 6.30.9574.0 true 04206305 2024-05-01 2025-04-30 04206305 2025-04-30 04206305 bus:Director1 1 2025-04-30 04206305 bus:OrdinaryShareClass1 2025-04-30 04206305 bus:OrdinaryShareClass2 2025-04-30 04206305 bus:OrdinaryShareClass3 2025-04-30 04206305 bus:OrdinaryShareClass4 2025-04-30 04206305 bus:OrdinaryShareClass5 2025-04-30 04206305 core:CurrentFinancialInstruments 2025-04-30 04206305 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 04206305 core:FurnitureFittingsToolsEquipment 2025-04-30 04206305 core:MotorVehicles 2025-04-30 04206305 bus:SmallEntities 2024-05-01 2025-04-30 04206305 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 04206305 bus:FilletedAccounts 2024-05-01 2025-04-30 04206305 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 04206305 bus:RegisteredOffice 2024-05-01 2025-04-30 04206305 bus:Director1 2024-05-01 2025-04-30 04206305 bus:Director1 1 2024-05-01 2025-04-30 04206305 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 04206305 bus:OrdinaryShareClass2 2024-05-01 2025-04-30 04206305 bus:OrdinaryShareClass3 2024-05-01 2025-04-30 04206305 bus:OrdinaryShareClass4 2024-05-01 2025-04-30 04206305 bus:OrdinaryShareClass5 2024-05-01 2025-04-30 04206305 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 04206305 bus:Agent1 2024-05-01 2025-04-30 04206305 core:FurnitureFittings 2024-05-01 2025-04-30 04206305 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 04206305 core:MotorVehicles 2024-05-01 2025-04-30 04206305 core:OfficeEquipment 2024-05-01 2025-04-30 04206305 countries:EnglandWales 2024-05-01 2025-04-30 04206305 2024-04-30 04206305 bus:Director1 1 2024-04-30 04206305 core:FurnitureFittingsToolsEquipment 2024-04-30 04206305 core:MotorVehicles 2024-04-30 04206305 2023-05-01 2024-04-30 04206305 2024-04-30 04206305 bus:Director1 1 2024-04-30 04206305 bus:OrdinaryShareClass1 2024-04-30 04206305 bus:OrdinaryShareClass2 2024-04-30 04206305 bus:OrdinaryShareClass3 2024-04-30 04206305 bus:OrdinaryShareClass4 2024-04-30 04206305 bus:OrdinaryShareClass5 2024-04-30 04206305 core:CurrentFinancialInstruments 2024-04-30 04206305 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04206305 core:FurnitureFittingsToolsEquipment 2024-04-30 04206305 core:MotorVehicles 2024-04-30 04206305 bus:Director1 1 2023-05-01 2024-04-30 04206305 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04206305 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 04206305 bus:OrdinaryShareClass3 2023-05-01 2024-04-30 04206305 bus:OrdinaryShareClass4 2023-05-01 2024-04-30 04206305 bus:Director1 1 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 04206305

Neil Wilson Accountancy Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Neil Wilson Accountancy Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Neil Wilson Accountancy Limited

Company Information

Director | Mr Neil Wilson

Registered office | Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Accountants | Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Neil Wilson Accountancy Limited

(Registration number: 04206305)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,721 | 13,449
Current assets |  |  |
Debtors | 5 | 433,095 | 318,257
Cash at bank and in hand |  | 62,297 | 83,689
|  | 495,392 | 401,946
Creditors: Amounts falling due within one year | 6 | (54,753) | (50,446)
Net current assets |  | 440,639 | 351,500
Total assets less current liabilities |  | 448,360 | 364,949
Provisions for liabilities |  | (106,605) | (57,744)
Net assets |  | 341,755 | 307,205
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 341,655 | 307,105
Shareholders' funds |  | 341,755 | 307,205

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2026

......................................... Mr Neil Wilson Director

Neil Wilson Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU
United Kingdom

These financial statements were authorised for issue by the director on 25 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Neil Wilson Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and fittings | 25% Reducing balance
Office equipment | 25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Neil Wilson Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 7).

Neil Wilson Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 72,812 | 7,500 | 80,312
Additions | 2,470 | - | 2,470
Disposals | - | (7,500) | (7,500)
At 30 April 2025 | 75,282 | - | 75,282
Depreciation
At 1 May 2024 | 64,988 | 1,875 | 66,863
Charge for the year | 2,573 | - | 2,573
Eliminated on disposal | - | (1,875) | (1,875)
At 30 April 2025 | 67,561 | - | 67,561
Carrying amount
At 30 April 2025 | 7,721 | - | 7,721
At 30 April 2024 | 7,824 | 5,625 | 13,449

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 35,312 | 60,632
Other debtors | 397,783 | 257,625
| 433,095 | 318,257

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 529 | 529
Taxation and social security | 34,262 | 36,922
Accruals and deferred income | 645 | -
Other creditors | 19,317 | 12,995
| 54,753 | 50,446

Neil Wilson Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Share A of £1 each | 92 | 92 | 92 | 92
Ordinary Share B of £1 each | 2 | 2 | 2 | 2
Ordinary Share C of £1 each | 2 | 2 | 2 | 2
Ordinary Share D of £1 each | 2 | 2 | 2 | 2
Ordinary Share E of £1 each | 2 | 2 | 2 | 2
| 100 | 100 | 100 | 100

8 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £Nil (2024 - £36.41) per each Ordinary Share A |  | - |  | 3,350
Interim dividend of £Nil (2024 - £700.00) per each Ordinary Share B |  | - |  | 1,400
Interim dividend of £Nil (2024 - £450.00) per each Ordinary Share C |  | - |  | 900
Interim dividend of £Nil (2024 - £500.00) per each Ordinary Share D |  | - |  | 1,000
|  | - |  | 6,650
Reconciliation to Dividends categories
Total assigned to category SOCIE 2 2 |  | 4875 |  | 6650
Difference to be corrected |  | (4,875) |  | -

Neil Wilson Accountancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Related party transactions

Key management compensation

| 2025 £ | 2024 £
Salaries and other short term employee benefits | - | 69,070

Transactions with the director

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Mr Neil Wilson
Loan from director | 14,484 | 13,478 | (16,500) | 11,462

2024 | At 1 May 2023 £ | Advances to director £ | At 30 April 2024 £
Mr Neil Wilson
Loan from director | 9,539 | 4,945 | 14,484

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,570 | 12,570
Contributions paid to money purchase schemes | 104,370 | 56,500
| 116,940 | 69,070

Dividends paid to the director

|  | 2025 £ |  | 2024 £
Mr Neil Wilson |  |  |  |
Interim Dividend |  | - |  | 5,000