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REGISTERED NUMBER: 08016873 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Williams & Rose Developments Limited

Williams & Rose Developments Limited (Registered number: 08016873)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Williams & Rose Developments Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr S P Williams
Mrs G M Williams





REGISTERED OFFICE: 2 Little Treloar
Wendron
Helston
Cornwall
TR13 0NL





REGISTERED NUMBER: 08016873 (England and Wales)





ACCOUNTANTS: Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Williams & Rose Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Williams & Rose Developments Limited for the year ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Williams & Rose Developments Limited, as a body, in accordance with the terms of our engagement letter dated 18 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Williams & Rose Developments Limited and state those matters that we have agreed to state to the Board of Directors of Williams & Rose Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Williams & Rose Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Williams & Rose Developments 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 Williams & Rose Developments Limited. You consider that Williams & Rose Developments 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 Williams & Rose Developments 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.






Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN


17 October 2023

Williams & Rose Developments Limited (Registered number: 08016873)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 27,335 23,196
27,335 23,196

CURRENT ASSETS
Stocks 2,100 1,500
Debtors 7 119,751 100,838
Cash at bank 20,219 5,631
142,070 107,969
CREDITORS
Amounts falling due within one year 8 95,970 59,941
NET CURRENT ASSETS 46,100 48,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,435

71,224

CREDITORS
Amounts falling due after more than one
year

9

(52,458

)

(50,914

)

PROVISIONS FOR LIABILITIES (5,194 ) (4,407 )
NET ASSETS 15,783 15,903

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 15,683 15,803
SHAREHOLDERS' FUNDS 15,783 15,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Williams & Rose Developments Limited (Registered number: 08016873)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr S P Williams - Director


Williams & Rose Developments Limited (Registered number: 08016873)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Williams & Rose Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Williams & Rose Developments Limited (Registered number: 08016873)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 10,050
AMORTISATION
At 1 February 2022
and 31 January 2023 10,050
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Williams & Rose Developments Limited (Registered number: 08016873)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 29,506 20,290 325 50,121
Additions 13,822 569 - 14,391
At 31 January 2023 43,328 20,859 325 64,512
DEPRECIATION
At 1 February 2022 24,031 2,707 187 26,925
Charge for year 5,606 4,539 107 10,252
At 31 January 2023 29,637 7,246 294 37,177
NET BOOK VALUE
At 31 January 2023 13,691 13,613 31 27,335
At 31 January 2022 5,475 17,583 138 23,196

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022 - 16,990 16,990
Additions 9,500 - 9,500
At 31 January 2023 9,500 16,990 26,490
DEPRECIATION
Charge for year 1,900 4,248 6,148
At 31 January 2023 1,900 4,248 6,148
NET BOOK VALUE
At 31 January 2023 7,600 12,742 20,342
At 31 January 2022 - 16,990 16,990

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 23,568
Amounts recoverable on contract 51,340 -
Directors' current accounts 68,177 71,911
VAT - 5,121
Prepayments 234 238
119,751 100,838

Williams & Rose Developments Limited (Registered number: 08016873)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 8,610 9,695
Hire purchase contracts 6,015 3,593
Trade creditors 32,913 11,546
Tax 19,431 14,815
Social security and other taxes 4,388 15,564
VAT 8,528 -
Wages 4,288 3,131
Subcontractor payments (30 ) 403
Pension 222 198
Accrued expenses 11,605 996
95,970 59,941

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 6,720 6,780
Bank loans - 2-5 years 20,160 21,149
Bank loans more 5 yr by instal 10,312 11,588
Hire purchase contracts 15,266 11,397
52,458 50,914

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,312 11,588

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 21,281 14,990

The liabilities are secured on the assets that the hire purchase contracts were used to purchase.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary 1 100 100

Williams & Rose Developments Limited (Registered number: 08016873)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr S P Williams
Balance outstanding at start of year 71,911 33,505
Amounts advanced 39,218 86,245
Amounts repaid (42,952 ) (47,839 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,177 71,911

During the year the company gave the director money and he paid for business items personally. Interest is charged on the loan, at the official rate of interest. The loan is repayable on demand. No amounts have been written off or waived in respect of the loan.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,300 (2022 - £16,500) were paid to the director .

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S P Williams.