WILLIAM ROBERTS SERVICES LIMITED
Registered number: 10072743
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,011 1,147
2,011 1,147
Current assets
Debtors 4 17,742 5,631
Cash at bank and in hand 32,562 26,893
50,304 32,524
Creditors: amounts falling due within one year 5 (30,053) (14,997)
Net current assets 20,251 17,527
Total assets less current liabilities 22,262 18,674
Provisions for liabilities (382) (218)
Net assets 21,880 18,456
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,878 18,454
Shareholders' funds 21,880 18,456
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. William Mark Roberts
Director
Approved by the board on 16 October 2023
WILLIAM ROBERTS SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Computers Total
£ £
Cost
At 1 April 2022 3,405 3,405
Additions 1,687 1,687
At 31 March 2023 5,092 5,092
Depreciation
At 1 April 2022 2,258 2,258
Charge for the year 823 823
At 31 March 2023 3,081 3,081
Net book value
At 31 March 2023 2,011 2,011
At 31 March 2022 1,147 1,147
4 Debtors 2023 2022
£ £
Trade debtors 14,793 5,631
Accrued income 1,500 -
VAT repayable 1,449 -
17,742 5,631
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 7,674 6,902
Mr. William Mark Roberts 16,872 5,597
Mrs. Annette Louise Roberts 5,500 2,000
VAT - 491
Accruals 7 7
30,053 14,997
6 Ultimate controlling party and related party transactions
The company was under the control of Mr. William Mark Roberts and Mrs. Annette Louise Roberts throughout the current period.
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 except for those disclosed below.
2023 2022
£ £
Equity dividends paid to Mr. William Mark Roberts 16,000 9,000
Equity dividends paid to Mrs. Annette Louise Roberts 14,500 5,000
Balance owing (to) / from Mr. William Mark Roberts (16,872) (5,597)
Balance owing (to) / from Mrs. Annette Louise Roberts (5,500) (2,000)
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
7 Other information
WILLIAM ROBERTS SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Khandallah House
High House Road
St. Bees
Cumbria
CA27 0BY
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