| Registered Number:NI603275 |
For the year ended 30 April 2017
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2017
A G Wilson Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
A G Wilson Limited
Statement of Financial Position
2016
2017
| Property, plant and equipment |
1,200,090
954,229
2
1,200,090
954,229
10,000
282,225
3
| Trade and other receivables |
716,830
394,734
4
59,074
| Cash and cash equivalents |
523,164
1,200,123
785,904
| Trade and other payables: amounts falling due within one |
| year |
(1,060,270)
(1,201,021)
5
(274,366)
(898)
Net current liabilities
| Total assets less current liabilities |
1,199,192
679,863
| Trade and other payables: amounts falling due after more |
| than one year |
(472,874)
(584,662)
6
(42,491)
(8,628)
| Provisions for liabilities |
572,039
Net assets
198,361
100
100
571,939
198,261
572,039
198,361
Shareholders' funds
| For the year ended 30 April 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
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For the year ended 30 April 2017
A G Wilson Limited
Statement of Financial Position Continued
| Mr Albert George Wilson Director |
| Mrs Irene Shirley Wilson Director |
| These financial statements were approved and authorised for issue by the Board on 10 August 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2017
A G Wilson Limited
Notes to the Financial Statements
Statutory Information
| A G Wilson Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration number |
| NI603275. |
8 Upper Ballydugan Road
Portadown
Craigavon
County Armagh
BT63 5NU
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, 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: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 30 April 2017
A G Wilson Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
1,037,063
15,059
63,072
958,932
454,571
-
49,400
405,171
-
(10,733)
(49,575)
(60,308)
1,314,528
101,739
15,059
1,431,326
| Provision for depreciation and impairment |
82,834
2,343
8,873
71,618
Charge for year
154,446
2,543
20,349
131,554
(6,044)
-
(1,610)
(4,434)
231,236
4,886
27,612
198,738
1,115,790
74,127
10,173
1,200,090
887,314
54,199
12,716
954,229
2016
2017
282,225
10,000
| 4. Trade and other receivables |
2016
2017
394,734
342,414
-
374,416
716,830
394,734
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For the year ended 30 April 2017
A G Wilson Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2016
2017
39,845
35,136
669,877
244,229
| Taxation and social security |
189,954
217,400
301,345
563,505
1,201,021
1,060,270
| 6. Trade and other payables: amounts falling due after more than one year |
2016
2017
98,697
127,167
485,965
345,707
584,662
472,874
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