Wilson Resources Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI007724

Wilson Resources Limited

Filleted Financial Statements

31 August 2025

Wilson Resources Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	60,095	55,800
Investments	6	874,447	175,977
		---------	---------
		934,542	231,777

Current assets

Debtors	7	4,635,643	3,500,706
Cash at bank and in hand		1,826,624	2,069,465
		------------	------------
		6,462,267	5,570,171

Creditors: amounts falling due within one year	8	4,359,028		2,940,761
		------------		------------
Net current assets			2,103,239	2,629,410
			------------	------------
Total assets less current liabilities			3,037,781	2,861,187

Provisions

Taxation including deferred tax	9	15,024	29,355
		------------	------------
Net assets		3,022,757	2,831,832
		------------	------------

Wilson Resources Limited

Statement of Financial Position (continued)

31 August 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	12	24,914	24,914
Capital redemption reserve	13	6,875	6,875
Profit and loss account	13	2,990,968	2,800,043
		------------	------------
Shareholders funds		3,022,757	2,831,832
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr E R A Wilson

Director

Company registration number: NI007724

Wilson Resources Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 27 Duncrue Street, Belfast, BT3 9AR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. The company has now adopted FRS 19. Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallize, based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	33 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 September 2024	82,515	45,307	127,822
Additions	–	12,943	12,943
	--------	--------	---------
At 31 August 2025	82,515	58,250	140,765
	--------	--------	---------
Depreciation
At 1 September 2024	28,388	43,634	72,022
Charge for the year	6,766	1,882	8,648
	--------	--------	---------
At 31 August 2025	35,154	45,516	80,670
	--------	--------	---------
Carrying amount
At 31 August 2025	47,361	12,734	60,095
	--------	--------	---------
At 31 August 2024	54,127	1,673	55,800
	--------	--------	---------

6. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 September 2024	175,977	86,250	262,227
Additions	698,470	–	698,470
	---------	--------	---------
At 31 August 2025	874,447	86,250	960,697
	---------	--------	---------
Impairment
At 1 September 2024 and 31 August 2025	–	86,250	86,250
	---------	--------	---------

Carrying amount
At 31 August 2025	874,447	–	874,447
	---------	--------	---------
At 31 August 2024	175,977	–	175,977
	---------	--------	---------

The company held the following 100% subsidiary undertakings during the period:

Subsidiary Place of registration

Wilson Salt Limited Northern Ireland

The aggregate share capital and reserves at 31 August 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

2025 2024

£ £

Aggregate capital and reserves

Wilson Salt Limited 5,212,515 5,088,575

£ £

Profit and Loss for year

Wilson Salt Limited 2,373,940 2,250,669

7. Debtors

	2025	2024
	£	£
Trade debtors	104,937	120,000
Amounts owed by group undertakings	3,590,114	2,340,114
Other debtors	940,592	1,040,592
	------------	------------
	4,635,643	3,500,706
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	421	50
Trade creditors	8,637	2,178
Corporation tax	58,327	149,973
Social security and other taxes	120,381	109,409
Amounts owed to related undertakings	481,559	254,559
Other creditors	3,689,703	2,424,592
	------------	------------
	4,359,028	2,940,761
	------------	------------

9. Provisions

	Deferred tax (note 10)
	£
At 1 September 2024	29,355
Unused amounts reversed	( 14,331)
	--------
At 31 August 2025	15,024
	--------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	15,024	29,355
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	15,024	29,355
	--------	--------

11. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 36,235 (2024: £ 38,286 ).

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	24,914	24,914	24,914	24,914
	--------	--------	--------	--------

13. Reserves

The profit and loss reserve records retained earnings and accumulated losses.

14. Summary audit opinion

The auditor's report dated 3 December 2025 was unqualified .

The senior statutory auditor was Michael Flannigan , for and on behalf of FEB Chartered Accountants .

15. Directors' advances, credits and guarantees

During the year, the directors made net loans of £1,378,436 to the company (2024: £1,401,342). At the year end, the company owed £3,064,886 to the directors (2024: £1,686,450).

16. Related party transactions

The company was under the control of the Wilson family throughout the current and previous years by virtue of their shareholding. Balances with related parties at the year end can be summarised as follows: Aug Aug 2025 2024 £ £ Subsidiary company: Wilson Salt Limited -amounts owed by Wilson Salt Limited 3,590,114 2,340,114 Companies under common control: Clinty Chemicals Limited -amounts owed by related company 175,998 175,998 Clinty Regen Limited -amounts owed by related company 22 22 Wilson Renewable Energy Limited -amounts owed to related company (481,559) (254,559) Wilson Trading Limited -amounts owed by related company 275 275 Wilson Salt Ireland Intercompany -amounts owed by related company 54 54 Transactions with directors are disclosed in note 20.

17. Ultimate controlling party

The directors consider the ultimate controlling party to be the Wilson family, who own 100% of the share capital.