Registration number: 03023170

D & E Wilson & Sons Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

D & E Wilson & Sons Limited

Company Information

Directors

Mr NC Wilson Mr JC Wilson

Registered office

60 Bold Street Preston Lancashire PR1 7NX

Accountants

McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

D & E Wilson & Sons Limited

(Registration number: 03023170)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	356,610	387,599
Other financial assets	6	26	26
		356,636	387,625
Current assets
Stocks	7	215,505	223,994
Debtors	8	697,411	683,571
Cash at bank and in hand		527,893	513,309
		1,440,809	1,420,874
Creditors: Amounts falling due within one year	9	(473,923)	(378,019)
Net current assets		966,886	1,042,855
Total assets less current liabilities		1,323,522	1,430,480
Creditors: Amounts falling due after more than one year	9	(67,187)	(81,786)
Provisions for liabilities		(89,152)	(102,141)
Net assets		1,167,183	1,246,553
Capital and reserves
Called up share capital		27	27
Capital redemption reserve		50	50
Retained earnings		1,167,106	1,246,476
Shareholders' funds		1,167,183	1,246,553

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:
 

D & E Wilson & Sons Limited

(Registration number: 03023170)
Statement of Financial Position as at 31 January 2026 (continued)

......................................... Mr JC Wilson Director

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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:
60 Bold Street
Preston
Lancashire
PR1 7NX

These financial statements were authorised for issue by the Board on 22 May 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.

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

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 statement of financial position 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
Plant and Machinery	20% Reducing Balance
Motor Vehicles	20% on Cost
Office Equipment	25% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 directors) during the year, was 15 (2025 - 15).

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2025	600,000	600,000
At 31 January 2026	600,000	600,000
Amortisation
At 1 February 2025	600,000	600,000
At 31 January 2026	600,000	600,000
Carrying amount
At 31 January 2026	-	-

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	784,423	9,620	152,977	947,020
Additions	25,900	-	37,600	63,500
Disposals	-	-	(24,660)	(24,660)
At 31 January 2026	810,323	9,620	165,917	985,860
Depreciation
At 1 February 2025	482,221	8,077	69,123	559,421
Charge for the year	65,620	385	28,484	94,489
Eliminated on disposal	-	-	(24,660)	(24,660)
At 31 January 2026	547,841	8,462	72,947	629,250
Carrying amount
At 31 January 2026	262,482	1,158	92,970	356,610
At 31 January 2025	302,202	1,543	83,854	387,599

Included in Motor Vehicles is an asset with initial cost of £104,816 and Net Book Value as at 31st January 2026 of £62,889 which is held under a hire purchase contract.

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 February 2025	26	26
At 31 January 2026	26	26
Impairment
Carrying amount
At 31 January 2026	26	26

7

Stocks

	2026 £	2025 £
Work in progress	93,905	92,417
Other inventories	121,600	131,577
	215,505	223,994

8

Debtors

Current	Note	2026 £	2025 £
Trade debtors		279,548	259,307
Amounts owed by related parties	12	399,000	399,500
Prepayments		8,228	8,469
Other debtors		10,635	16,295
		697,411	683,571

9

Creditors

Creditors: amounts falling due within one year

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

9	Creditors (continued)

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	14,598	24,539
Trade creditors		267,625	193,122
Taxation and social security		170,749	141,401
Accruals and deferred income		17,692	17,663
Other creditors		3,259	1,294
		473,923	378,019

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	67,187	81,786

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	67,187	81,786

Current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	14,598	24,539

D & E Wilson & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

11	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	3,500	3,500

12	Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13	Ultimate Controlling Party

The ultimate controlling party is Wilson Sausages Limited.