Wilson Lee Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11858005

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,806		10,308

			9,806		10,308
CURRENT ASSETS
Debtors	5	527,381		260,472
Cash at bank and in hand		17,954		1,662

		545,335		262,134
Creditors: Amounts Falling Due Within One Year	6	(775,502 )		(483,138 )

NET CURRENT ASSETS (LIABILITIES)			(230,167 )		(221,004 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(220,361 )		(210,696 )

Creditors: Amounts Falling Due After More Than One Year	7		(4,127 )		(5,450 )

NET LIABILITIES			(224,488 )		(216,146 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(224,588 )		(216,246 )

SHAREHOLDERS' FUNDS			(224,488)		(216,146)

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Wilson Lee Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Bush Director	Mrs Gillian Bush Director
18 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Wilson Lee Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11858005 . The registered office is Suite 106 Viney Court, Viney Street, Taunton, Somerset, TA1 3FB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have assessed the company's ability to continue as a going concern and are satisfied that the company is showing improvement. As no creditors are currently seeking repayment of debt outside the normal course of business, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	33% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Wilson Lee Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	224	22,640	2,357	25,221
Additions	-	-	2,515	2,515

As at 31 March 2026	224	22,640	4,872	27,736

Depreciation
As at 1 April 2025	62	13,028	1,823	14,913
Provided during the period	33	2,403	581	3,017

As at 31 March 2026	95	15,431	2,404	17,930

Net Book Value
As at 31 March 2026	129	7,209	2,468	9,806

As at 1 April 2025	162	9,612	534	10,308

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Wilson Lee Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	317,095	135,062
Prepayments and accrued income	1,039	200
Other debtors	11,651	6,756
Corporation tax recoverable assets	58,945	38,975
Directors' loan accounts	128,651	69,479

	517,381	250,472
Due after more than one year
Other debtors	10,000	10,000

	527,381	260,472

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,925	5,456
Trade creditors	345,458	225,806
Bank loans and overdrafts	7,292	37,775
Corporation tax	62,724	41,777
Other taxes and social security	17,871	19,756
VAT	46,911	45,451
Other creditors	272,424	105,538
Pension liability	218	139
Credit card	15,279	-
Accruals and deferred income	1,400	1,440

	775,502	483,138

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	5,450
Bank loans	4,127	-

	4,127	5,450

8. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Net obligations under finance lease and hire purchase contracts	5,925		10,906

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Wilson Lee Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,925	5,456
Later than one year and not later than five years	-	5,450

	5,925	10,906

	5,925	10,906

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Andrew Bush	34,740	53,234	(23,648 )	-	64,326
Mrs Gillian Bush	34,739	53,234	(23,648 )	-	64,325

The above loans are unsecured and repayable on demand. When overdrawn, interest is charged at the official HMRC rate.

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