Wilsonwood Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09318917 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2017

FOR

WILSONWOOD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Wilson

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

09318917 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

1,578

1,856

CURRENT ASSETS

Debtors

5

2,532

194,790

Cash at bank

187,130

70,370

189,662

265,160

CREDITORS

Amounts falling due within one year

6

26,854

115,108

NET CURRENT ASSETS

162,808

150,052

TOTAL ASSETS LESS CURRENT LIABILITIES

164,386

151,908

PROVISIONS FOR LIABILITIES

7

300

347

NET ASSETS

164,086

151,561

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

164,085

151,560

SHAREHOLDERS' FUNDS

164,086

151,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 16th July 2018 and were signed by:

J Wilson - Director

1.	STATUTORY INFORMATION

Wilsonwood 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

15% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st December 2016

and 30th November 2017

2,569

DEPRECIATION

At 1st December 2016

713

Charge for year

278

At 30th November 2017

991

NET BOOK VALUE

At 30th November 2017

1,578

At 30th November 2016

1,856

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Amounts recoverable on contract

-

184,996

VAT

743

9,794

Prepayments

1,789

-

2,532

194,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Tax

5,762

38,763

Directors' current accounts

19,672

73,295

Accrued expenses

1,420

3,050

26,854

115,108

7.	PROVISIONS FOR LIABILITIES

30/11/17

30/11/16

£

£

Deferred tax

300

347

Deferred

tax

£

Balance at 1st December 2016

347

Accelerated capital allowances

(47

)

Balance at 30th November 2017

300

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/17

30/11/16

value:

£

£

1

Ordinary

£1

1

1

9.	CONTINGENT LIABILITIES

There were no contingent liabilities at the 30th November 2017 (2016 - none).

10.	ULTIMATE CONTROLLING PARTY

Mr J Wilson owns 100% of the issued share capital of the company.

11.	FIRST TIME ADOPTION OF FINANCIAL REPORTING STANDARD 102

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st December 2015, the income statement for the comparative period ended 30th November 2016 or

the closing balance sheet of the comparative period at 30th November 2016.