Company Registration No. 10274805 (England and Wales)
Wildings Associates Limited
Unaudited accounts
for the year ended 31 July 2025
Wildings Associates Limited
Unaudited accounts
Contents
Wildings Associates Limited
Company Information
for the year ended 31 July 2025
Directors
Todd Rossuck
Susan Stout
Company Number
10274805 (England and Wales)
Registered Office
Wildings Tye Green
Wimbish
Saffron Walden
Essex
CB10 2XE
Accountants
Weir Associates Ltd
Allia Futures Business Centre
Kings Hedges Road
Cambridge
CB4 2HY
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Wildings Associates Limited
for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wildings Associates Limited for the year ended 31 July 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Weir Associates Ltd
Member in Practice
Allia Futures Business Centre
Kings Hedges Road
Cambridge
CB4 2HY
21 April 2026
Wildings Associates Limited
Statement of financial position
as at 31 July 2025
Inventories
293,376
222,282
Cash at bank and in hand
13,245
40,162
Creditors: amounts falling due within one year
(401,206)
(321,499)
Net current liabilities
(85,541)
(37,067)
Total assets less current liabilities
(84,583)
(35,855)
Creditors: amounts falling due after more than one year
-
(8,333)
Provisions for liabilities
Net liabilities
(84,765)
(44,418)
Called up share capital
2
2
Profit and loss account
(84,767)
(44,420)
Shareholders' funds
(84,765)
(44,418)
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2026 and were signed on its behalf by
Todd Rossuck
Director
Company Registration No. 10274805
Wildings Associates Limited
Notes to the Accounts
for the year ended 31 July 2025
Wildings Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 10274805. The registered office is Wildings Tye Green, Wimbish, Saffron Walden, Essex, CB10 2XE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Wildings Associates Limited
Notes to the Accounts
for the year ended 31 July 2025
The company has reported a net liability position as at the balance sheet date. The financial statements have, however, been prepared on a going concern basis.
The directors have carefully considered the company’s financial position, including its cash flow forecasts and expected future trading performance. The directors are satisfied that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. This assessment takes into account the continued support of the company’s shareholders and lenders, who have indicated their willingness to provide financial support as and when required.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
4
Tangible fixed assets
Computer equipment
Finished goods
293,376
222,282
Amounts falling due within one year
Wildings Associates Limited
Notes to the Accounts
for the year ended 31 July 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
16,078
17,954
Trade creditors
47,283
36,645
Taxes and social security
1,026
-
Other creditors
336,819
266,900
8
Creditors: amounts falling due after more than one year
2025
2024
9
Deferred taxation
2025
2024
Accelerated capital allowances
182
230
Provision at start of year
230
124
(Credited)/charged to the profit and loss account
(48)
106
Provision at end of year
182
230
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free repayable on demand
445
1,276
1,608
113
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).