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Company No: 06505090 (England and Wales)

# WILTSHIRE & SONS (FARNHAM) LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH THE REGISTRAR

WILTSHIRE & SONS (FARNHAM) LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

Contents

WILTSHIRE & SONS (FARNHAM) LTD

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
WILTSHIRE & SONS (FARNHAM) LTD

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

DIRECTORS | Mrs H. Wiltshire
| BJ. Wiltshire
| KJ. Wiltshire
| RJ. Wiltshire

SECRETARY | Mrs H. Wiltshire

REGISTERED OFFICE | Wey Court West
| Union Road
| Farnham GU9 7PT
| United Kingdom

BUSINESS ADDRESS | Unit 10, Farnham Trading Estate, Farnham, Surrey GU9 9NN

COMPANY NUMBER | 06505090 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

WILTSHIRE & SONS (FARNHAM) LTD

## BALANCE SHEET

AS AT 30 APRIL 2025
WILTSHIRE & SONS (FARNHAM) LTD

## BALANCE SHEET (continued)

AS AT 30 APRIL 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 60,000 |  | 80,000
Tangible assets | 4 | 12,475 |  | 21,173
|  | 72,475 |  | 101,173
Current assets |  |  |  |
Stocks | 5 | 215,448 |  | 233,857
Debtors | 6 | 152,096 |  | 115,853
Cash at bank and in hand | 7 | 81,995 |  | 91,396
|  | 449,539 |  | 441,106
Creditors: amounts falling due within one year | 8 | ( 295,042) |  | ( 286,266)
Net current assets |  | 154,497 |  | 154,840
Total assets less current liabilities |  | 226,972 |  | 256,013
Creditors: amounts falling due after more than one year | 9 | ( 1,773) |  | ( 12,234)
Provision for liabilities | 10 | 0 |  | ( 952)
Net assets |  | 225,199 |  | 242,827
Capital and reserves |  |  |  |
Called-up share capital | 11 | 101,050 |  | 101,050
Profit and loss account |  | 124,149 |  | 141,777
Total shareholders' funds |  | 225,199 |  | 242,827

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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wiltshire & Sons (Farnham) Ltd (registered number: 06505090) were approved and authorised for issue by the Board of Directors on 16 April 2026. They were signed on its behalf by:

Mrs H. Wiltshire Director |

WILTSHIRE & SONS (FARNHAM) LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
WILTSHIRE & SONS (FARNHAM) LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Wiltshire & Sons (Farnham) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham GU9 7PT, United Kingdom. The principal place of business is Unit 10, Farnham Trading Estate, Farnham, Surrey GU9 9NN.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 20 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 5 - 10 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 4 - 10 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 8

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 400,000 |  | 400,000
At 30 April 2025 | 400,000 |  | 400,000
Accumulated amortisation |  |  |
At 01 May 2024 | 320,000 |  | 320,000
Charge for the financial year | 20,000 |  | 20,000
At 30 April 2025 | 340,000 |  | 340,000
Net book value |  |  |
At 30 April 2025 | 60,000 |  | 60,000
At 30 April 2024 | 80,000 |  | 80,000

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 May 2024 | 76,762 |  | 49,192 |  | 30,925 |  | 156,879
Disposals | 0 |  | 0 |  | ( 2,849) |  | ( 2,849)
At 30 April 2025 | 76,762 |  | 49,192 |  | 28,076 |  | 154,030
Accumulated depreciation |  |  |  |  |  |  |
At 01 May 2024 | 68,882 |  | 44,446 |  | 22,378 |  | 135,706
Charge for the financial year | 2,646 |  | 4,746 |  | 1,306 |  | 8,698
Disposals | 0 |  | 0 |  | ( 2,849) |  | ( 2,849)
At 30 April 2025 | 71,528 |  | 49,192 |  | 20,835 |  | 141,555
Net book value |  |  |  |  |  |  |
At 30 April 2025 | 5,234 |  | 0 |  | 7,241 |  | 12,475
At 30 April 2024 | 7,880 |  | 4,746 |  | 8,547 |  | 21,173

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 215,448 |  | 233,857

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 44,554 |  | 25,491
Amounts owed by directors | 93,242 |  | 78,441
Prepayments | 11,444 |  | 9,368
Other debtors | 2,856 |  | 2,553
| 152,096 |  | 115,853

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 81,995 |  | 91,396

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,462 |  | 10,204
Trade creditors | 61,084 |  | 65,101
Other loans | 176,684 |  | 161,755
Accruals | 4,884 |  | 8,164
Taxation and social security | 37,377 |  | 36,603
Other creditors | 4,551 |  | 4,439
| 295,042 |  | 286,266

A debenture was created on 23 January 2017 in favour of HSBC. The security is by way of a fixed and floating charge over all the company assets.

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,773 |  | 12,234

#### 10. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 0 |  | 952

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
105,000 E ordinary shares of £ 0.01 each | 1,050 |  | 1,050
100,000 A ordinary shares of £ 1.00 each | 100,000 |  | 100,000
| 101,050 |  | 101,050

#### 12. Related party transactions

Transactions with the entity's directors

At the balance sheet date the amount owed by the directors was £93,242 (2024 - £78,441).
During the year, dividends of £55,000 (2024 - £52,500) were paid to the directors.