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 2022

for

Wilmac Flooring (Company) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J McNall

M J Williams

SECRETARY:

REGISTERED OFFICE:

Unit 6 Cwrt Erwain

Central Trade Park, Phase 2 Marley Way

Saltney

Chester

Cheshire

CH4 8SX

REGISTERED NUMBER:

05253610 (England and Wales)

ACCOUNTANTS:

Robert Jones Accountants Limited

Chartered Accountants

Office 29, Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,293

3,551

2,293

3,551

CURRENT ASSETS

Stocks

8,500

17,000

Debtors

6

80,041

83,598

Cash at bank and in hand

42,068

67,552

130,609

168,150

CREDITORS

Amounts falling due within one year

7

88,060

114,610

NET CURRENT ASSETS

42,549

53,540

TOTAL ASSETS LESS CURRENT LIABILITIES

44,842

57,091

CREDITORS

Amounts falling due after more than one year

8

36,667

46,667

NET ASSETS

8,175

10,424

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8,173

10,422

SHAREHOLDERS' FUNDS

8,175

10,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 15 December 2022 and were signed on its behalf by:

M J 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 (2021 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

335,000

AMORTISATION

At 1 April 2021

and 31 March 2022

335,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

27,090

DEPRECIATION

At 1 April 2021

23,539

Charge for year

1,258

At 31 March 2022

24,797

NET BOOK VALUE

At 31 March 2022

2,293

At 31 March 2021

3,551

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

64,662

78,672

Other debtors

15,379

4,926

80,041

83,598

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

10,000

6,556

Trade creditors

42,519

52,036

Taxation and social security

25,662

46,528

Other creditors

9,879

9,490

88,060

114,610

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

36,667

46,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,667

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

M J Williams

Balance outstanding at start of year

-

6,000

Amounts repaid

-

(6,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

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