Wick's & Sons Limited - Accounts

WICK'S & SONS LIMITED - Company Information

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Registered Number: 03922831

England and Wales

WICK'S & SONS LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

Wick's & Sons Limited Accountants' Report For the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wick's & Sons Limited for the year ended 31 March 2021 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations. This report is made solely to the Board of Directors of Wick's & Sons Limited, as a body, in accordance with the terms of our engagement letter dated 31 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Wick's & Sons Limited and state those matters that we have agreed to state to the Board of Directors of Wick's & Sons Limited, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wick's & Sons Limited and its Board of Directors as a body, for our work or for this report. It is your duty to ensure that Wick's & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of Wick's & Sons Limited. You consider that Wick's & Sons Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Wick's & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. .................................................... P and Co (Partners) LLP 48 Faulkner Street Manchester M1 4FH 21 December 2021 1

Wick's & Sons Limited
Accountants' Report
For the year ended 31 March 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wick's & Sons Limited for the year ended 31 March 2021 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Wick's & Sons Limited, as a body, in accordance with the terms of our engagement letter dated 31 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Wick's & Sons Limited and state those matters that we have agreed to state to the Board of Directors of Wick's & Sons Limited, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wick's & Sons Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Wick's & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of Wick's & Sons Limited. You consider that Wick's & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wick's & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

....................................................
P and Co (Partners) LLP
48 Faulkner Street
Manchester
M1 4FH
21 December 2021

Wick's & Sons Limited
Statement of Financial Position
As at 31 March 2021

	Notes	2021 £	2020 £
Fixed assets
Tangible fixed assets	3	70,000	70,000
		70,000	70,000
Current assets
Debtors: amounts falling due within one year	4	544	-
Cash at bank and in hand		4,894	6,470
		5,438	6,470
Creditors: amount falling due within one year	5	(51,539)	(54,918)
Net current liabilities		(46,101)	(48,448)

Total assets less current liabilities		23,899	21,552
Net assets		23,899	21,552

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		23,799	21,452
Shareholder's funds		23,899	21,552

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 20 December 2021 and were signed on its behalf by:

--------------------------------
Mrs Mei Har Li
Director

Wick's & Sons Limited
Notes to the Financial Statements
For the year ended 31 March 2021

General Information

Wick's & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 03922831, registration address 48 Faulkner Street, Manchester, Lancashire, M1 4FH

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2.	Average number of employees Average number of employees during the year was 1 (2020 : 1).

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 01 April 2020	70,000	70,000
Additions	-	-
Disposals	-	-
At 31 March 2021	70,000	70,000
Depreciation
At 01 April 2020	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2021	-	-
Net book values
Closing balance as at 31 March 2021	70,000	70,000
Opening balance as at 01 April 2020	70,000	70,000

Debtors: amounts falling due within one year

	2021 £		2020 £
Other Debtors	544		-
	544		-

Creditors: amount falling due within one year

	2021 £	2020 £
Corporation Tax	1,489	1,465
PAYE & Social Security	224	413
Accrueds & Deferred Income	2,371	1,843
Other Creditors	12,499	12,499
Directors' Current Accounts	34,956	38,698
	51,539	54,918

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2021 £		2020 £
100 Ordinary shares of £1.00 each	100		100
	100		100