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REGISTERED NUMBER: 12857567 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021

FOR

J C & S K WILLIAMS LTD

J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J C & S K WILLIAMS LTD

COMPANY INFORMATION
FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021







DIRECTORS: Edward Williams
Bethan Jane Williams





REGISTERED OFFICE: Beacon Farm
Coldblow
Woodchurch
Ashford
Kent
TN26 3PL





REGISTERED NUMBER: 12857567 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
7 Wellington Road East
Dewsbury
West Yorkshire
WF13 1HF

J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)

BALANCE SHEET
31 DECEMBER 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 425,504
Investments 5 100
Herd basis 6 178,570
604,174

CURRENT ASSETS
Stocks 95,394
Debtors 7 56,413
Cash at bank 92,508
244,315
CREDITORS
Amounts falling due within one year 8 627,914
NET CURRENT LIABILITIES (383,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES 220,575

CREDITORS
Amounts falling due after more than one
year

9

(41,720

)

PROVISIONS FOR LIABILITIES (80,845 )
NET ASSETS 98,010

J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)

BALANCE SHEET - continued
31 DECEMBER 2021

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 97,910
98,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2022 and were signed on its behalf by:





Bethan Jane Williams - Director


J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021

1. STATUTORY INFORMATION

J C & S K Williams 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 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 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 - 10% on reducing balance
Motor vehicles - 10% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

HIRE PURCHASE COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
Additions 14,895 379,366 76,865 471,126
At 31 December 2021 14,895 379,366 76,865 471,126
DEPRECIATION
Charge for period - 37,935 7,687 45,622
At 31 December 2021 - 37,935 7,687 45,622
NET BOOK VALUE
At 31 December 2021 14,895 341,431 69,178 425,504

J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
Additions 100
At 31 December 2021 100
NET BOOK VALUE
At 31 December 2021 100

6. HERD BASIS
Herd
basis
£   
COST
At 4 September 2020 144,410
Additions 57,648
Disposals (23,488 )
At 31 December 2021 178,570
NET BOOK VALUE
At 31 December 2021 178,570
At 3 September 2020 144,410

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 27,748
Other debtors 28,665
56,413

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 6,210
Trade creditors 22,963
Taxation and social security 27,934
Other creditors 570,807
627,914

J C & S K WILLIAMS LTD (REGISTERED NUMBER: 12857567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 SEPTEMBER 2020 TO 31 DECEMBER 2021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 41,720

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 41,720

10. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 47,930

The obligations under hire purchase contracts are secured by a charge on the assets purchased under the agreements.

The company has a bounce back loan of £47,930 which is unsecured but it is supported by a government guarantee.

11. RELATED PARTY DISCLOSURES

Mr E Williams and Mrs B Williams have control over a majority of shares in the company, and together with their involvement in its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

Creditors falling due within one year includes the following directors' loan to Mr E Williams and Mrs B Williams £216,805.