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REGISTERED NUMBER: 13756578 (England and Wales)















Unaudited Financial Statements

for the Period

22 November 2021 to 31 March 2023

for

Williams Brothers Building Contractors
Ltd

Williams Brothers Building Contractors
Ltd (Registered number: 13756578)

Contents of the Financial Statements
for the Period 22 November 2021 to 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountant's Report 8

Williams Brothers Building Contractors
Ltd

Company Information
for the Period 22 November 2021 to 31 March 2023







DIRECTORS: M D Williams
Mrs N G Williams
B J Williams
Mrs L C Williams





REGISTERED OFFICE: Denedra
Garras
Helston
TR12 6LW





REGISTERED NUMBER: 13756578 (England and Wales)





ACCOUNTANT: Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT

Williams Brothers Building Contractors
Ltd (Registered number: 13756578)

Statement of Financial Position
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 200,000
Tangible assets 5 73,742
273,742

CURRENT ASSETS
Stocks 5,500
Debtors 6 109,903
Cash at bank 7,444
122,847
CREDITORS
Amounts falling due within one year 7 279,221
NET CURRENT LIABILITIES (156,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,368

CREDITORS
Amounts falling due after more than one
year

8

(40,734

)

PROVISIONS FOR LIABILITIES (8,868 )
NET ASSETS 67,766

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 67,666
SHAREHOLDERS' FUNDS 67,766

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 Brothers Building Contractors
Ltd (Registered number: 13756578)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




M D Williams - Director



B J Williams - Director


Williams Brothers Building Contractors
Ltd (Registered number: 13756578)

Notes to the Financial Statements
for the Period 22 November 2021 to 31 March 2023


1. STATUTORY INFORMATION

Williams Brothers Building Contractors 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.

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


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.

Turnover represents the value of invoiced services, net of VAT, except where there are instances of service contracts where the company has obtained a right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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 reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 statement of financial position date.


Williams Brothers Building Contractors
Ltd (Registered number: 13756578)

Notes to the Financial Statements - continued
for the Period 22 November 2021 to 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

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.

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.

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 period was 12 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 250,000
At 31 March 2023 250,000
AMORTISATION
Charge for period 50,000
At 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 200,000

Williams Brothers Building Contractors
Ltd (Registered number: 13756578)

Notes to the Financial Statements - continued
for the Period 22 November 2021 to 31 March 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 115,951
Disposals (15,000 )
At 31 March 2023 100,951
DEPRECIATION
Charge for period 27,209
At 31 March 2023 27,209
NET BOOK VALUE
At 31 March 2023 73,742

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 38,811
At 31 March 2023 38,811
DEPRECIATION
Charge for period 10,335
At 31 March 2023 10,335
NET BOOK VALUE
At 31 March 2023 28,476

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 97,943
Other debtors 11,960
109,903

Williams Brothers Building Contractors
Ltd (Registered number: 13756578)

Notes to the Financial Statements - continued
for the Period 22 November 2021 to 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,000
Hire purchase contracts 9,820
Trade creditors 29,266
Taxation and social security 35,372
Other creditors 194,763
279,221

Directors Current Account balances, included in Other Creditors, are unsecured, interest free and repayable upon demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 27,500
Hire purchase contracts 13,234
40,734

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances, credit facilities or guarantees in favour of the Directors during the period.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £80,000 were paid to the directors .

The company acquired the goodwill, trade and assets of Williams Brothers Building Contractors on 1 April 2022. The main asset was the goodwill, valued at £250,000 and disclosed under intangible assets.

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Williams Brothers Building Contractors
Ltd


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 Statement of Financial Position. 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, I have prepared for your approval the financial statements of Williams Brothers Building Contractors Ltd for the period ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Williams Brothers Building Contractors Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Williams Brothers Building Contractors Ltd and state those matters that I have agreed to state to the Board of Directors of Williams Brothers Building Contractors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Williams Brothers Building Contractors Ltd 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 Brothers Building Contractors Ltd. You consider that Williams Brothers Building Contractors Ltd is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the financial statements of Williams Brothers Building Contractors Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT


18 October 2023