Wilcox Booth Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10383900 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Wilcox Booth Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms L Wilcox

C A Booth

REGISTERED OFFICE:

6 Singleton Ave

Read

Burnley

Lancashire

BB12 7PJ

REGISTERED NUMBER:

10383900 (England and Wales)

ACCOUNTANTS:

Dymond Ashworth

Chartered Certified Accountants

1st Floor

98-100 Gisburn Road

Barrowford

Lancashire

BB9 6EW

FIXED ASSETS

Tangible assets

4

978

325

CURRENT ASSETS

Debtors

5

7,498

167

Cash at bank

20,031

18,883

27,529

19,050

CREDITORS

Amounts falling due within one year

6

16,474

4,134

NET CURRENT ASSETS

11,055

14,916

TOTAL ASSETS LESS CURRENT LIABILITIES

12,033

15,241

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

12,031

15,239

SHAREHOLDERS' FUNDS

12,033

15,241

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 June 2021 and were signed on its behalf by:

Ms L Wilcox - Director

1.	STATUTORY INFORMATION

Wilcox Booth Ltd 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.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2020

850

Additions

979

At 31 December 2020

1,829

DEPRECIATION

At 1 January 2020

525

Charge for year

326

At 31 December 2020

851

NET BOOK VALUE

At 31 December 2020

978

At 31 December 2019

325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

7,498

167

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

14,379

3,134

Other creditors

2,095

1,000

16,474

4,134