Wilkins (Henley) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00925158 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Wilkins (Henley) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Miles

REGISTERED OFFICE:

100 Cardiff Road

Reading

Berkshire

RG1 8LL

REGISTERED NUMBER:

00925158 (England and Wales)

ACCOUNTANT:

J N Flanagan ATT (Fellow)

The Granary,

Hones Yard,

1 Waverley Lane,

Farnham,

Surrey

GU9 8BB

FIXED ASSETS

Intangible assets

4

23,403

27,303

Tangible assets

5

4,020,996

3,962,344

4,044,399

3,989,647

CURRENT ASSETS

Stocks

1,288

1,288

Debtors

6

105,238

67,134

Cash at bank and in hand

99,945

241,309

206,471

309,731

CREDITORS

Amounts falling due within one year

7

315,911

285,860

NET CURRENT (LIABILITIES)/ASSETS

(109,440

)

23,871

TOTAL ASSETS LESS CURRENT LIABILITIES

3,934,959

4,013,518

CREDITORS

Amounts falling due after more than one year

8

(1,272,427

)

(1,366,660

)

PROVISIONS FOR LIABILITIES

(61,224

)

(53,991

)

NET ASSETS

2,601,308

2,592,867

CAPITAL AND RESERVES

Called up share capital

4,436

4,436

Capital redemption reserve

3,564

3,564

Retained earnings

2,593,308

2,584,867

SHAREHOLDERS' FUNDS

2,601,308

2,592,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 March 2020 and were signed by:

J C Miles - Director

1.	STATUTORY INFORMATION

Wilkins (Henley) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Freehold Land and Buildings have been valued at cost by the directors of the company. Although the Companies

Act 2006 requires depreciation to be provided on all buildings, the directors consider that freehold properties

should not be depreciated as the value of these properties has not decreased since purchased. Had FRS 15 been

followed, the trading results for the year would have been decreased by the relevant depreciation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2018 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2018

and 30 June 2019

39,003

AMORTISATION

At 1 July 2018

11,700

Charge for year

3,900

At 30 June 2019

15,600

NET BOOK VALUE

At 30 June 2019

23,403

At 30 June 2018

27,303

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2018

3,696,310

754,016

4,450,326

Additions

41,223

109,213

150,436

At 30 June 2019

3,737,533

863,229

4,600,762

DEPRECIATION

At 1 July 2018

36,964

451,018

487,982

Charge for year

18,688

73,096

91,784

At 30 June 2019

55,652

524,114

579,766

NET BOOK VALUE

At 30 June 2019

3,681,881

339,115

4,020,996

At 30 June 2018

3,659,346

302,998

3,962,344

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

73,275

33,549

Other debtors

31,963

33,585

105,238

67,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans and overdrafts

102,382

102,326

Trade creditors

51,071

61,030

Taxation and social security

74,901

81,385

Other creditors

87,557

41,119

315,911

285,860

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans

1,240,553

1,336,461

Hire purchase contracts

31,874

30,199

1,272,427

1,366,660

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.19

30.6.18

£

£

Bank loans

1,342,935

1,438,787

Barclays Bank PLC have a Fixed and Floating Charge in place in respect of their lending facility.