Wilmac Flooring (Company) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05253610 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Wilmac Flooring (Company) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J McNall

M Williams

SECRETARY:

REGISTERED OFFICE:

Unit 6,Cwrt Erwain

Central Trade Park ,Marley Way

Saltney

Chester

CH4 8SX

REGISTERED NUMBER:

05253610 (England and Wales)

ACCOUNTANTS:

Robert Jones Accountants Limited

Chartered Accountants

Office 9, The Neston Centre,

High Street.

Neston

Cheshire

CH64 9TZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,165

12,086

5,165

12,086

CURRENT ASSETS

Stocks

17,000

19,250

Debtors

6

148,797

92,583

Cash in hand

1,704

62

167,501

111,895

CREDITORS

Amounts falling due within one year

7

171,101

110,587

NET CURRENT (LIABILITIES)/ASSETS

(3,600

)

1,308

TOTAL ASSETS LESS CURRENT LIABILITIES

1,565

13,394

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,563

13,392

SHAREHOLDERS' FUNDS

1,565

13,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 March 2021 and were signed on its behalf by:

M Williams - Director

1.	STATUTORY INFORMATION

Wilmac Flooring (Company) 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 comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade

discounts.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 11 (2019 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

335,000

AMORTISATION

At 1 April 2019

and 31 March 2020

335,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

50,061

Additions

1,524

Disposals

(24,495

)

At 31 March 2020

27,090

DEPRECIATION

At 1 April 2019

37,975

Charge for year

2,255

Eliminated on disposal

(18,305

)

At 31 March 2020

21,925

NET BOOK VALUE

At 31 March 2020

5,165

At 31 March 2019

12,086

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

134,690

88,816

Other debtors

14,107

3,767

148,797

92,583

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

4,792

16,534

Trade creditors

71,844

48,489

Taxation and social security

41,863

35,588

Other creditors

52,602

9,976

171,101

110,587

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

£

M Williams

Balance outstanding at start of year

-

-

Amounts advanced

6,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,000

-

The director's loan is interest-free and unsecured.