J A Wicks & Sons Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01080882 (England and Wales)

Financial Statements

for the Year Ended 30 November 2023

for

J A Wicks & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss G Wicks

R P Radnedge

REGISTERED OFFICE:

32A Bremhill

Calne

Wiltshire

SN11 9LD

REGISTERED NUMBER:

01080882 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

13,537

17,768

CURRENT ASSETS

Stocks

7,049

11,507

Debtors

5

85,953

142,361

Cash at bank and in hand

11,580

630

104,582

154,498

CREDITORS

Amounts falling due within one year

6

31,667

71,471

NET CURRENT ASSETS

72,915

83,027

TOTAL ASSETS LESS CURRENT LIABILITIES

86,452

100,795

PROVISIONS FOR LIABILITIES

3,384

3,376

NET ASSETS

83,068

97,419

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

81,068

95,419

SHAREHOLDERS' FUNDS

83,068

97,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 10 January 2024 and were signed on its behalf by:

Miss G Wicks - Director

R P Radnedge - Director

1.	STATUTORY INFORMATION

J A Wicks & Sons 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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

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 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 December 2022

54,348

Additions

262

At 30 November 2023

54,610

DEPRECIATION

At 1 December 2022

36,580

Charge for year

4,493

At 30 November 2023

41,073

NET BOOK VALUE

At 30 November 2023

13,537

At 30 November 2022

17,768

Cost or valuation at 30 November 2023 is represented by:

Plant and

machinery

etc

£

Valuation in 2022

54,610

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Trade debtors

73,761

123,354

Other debtors

12,192

19,007

85,953

142,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Trade creditors

10,293

34,341

Other creditors

21,374

37,130

31,667

71,471