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REGISTERED NUMBER: 00542190 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

A.WILLIAMS & CO.(CHELTENHAM)LIMITED

A.WILLIAMS & CO.(CHELTENHAM)LIMITED (REGISTERED NUMBER: 00542190)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

A.WILLIAMS & CO.(CHELTENHAM)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: A J Williams





SECRETARY: R A Williams





REGISTERED OFFICE: 82-86 Albion Street
Cheltenham
Gloucestershire
GL52 2SE





REGISTERED NUMBER: 00542190 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

A.WILLIAMS & CO.(CHELTENHAM)LIMITED (REGISTERED NUMBER: 00542190)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,812 19,786

CURRENT ASSETS
Stocks 568,893 532,503
Debtors 43,780 63,148
Cash at bank and in hand 66,549 42,245
679,222 637,896
CREDITORS
Amounts falling due within one year (221,436 ) (232,147 )
NET CURRENT ASSETS 457,786 405,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,598

425,535

CREDITORS
Amounts falling due after more than one
year

(17,484

)

(33,634

)

PROVISIONS FOR LIABILITIES (2,819 ) (3,301 )
NET ASSETS 454,295 388,600

CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Retained earnings 449,295 383,600
SHAREHOLDERS' FUNDS 454,295 388,600

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 director acknowledges his 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.

A.WILLIAMS & CO.(CHELTENHAM)LIMITED (REGISTERED NUMBER: 00542190)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 24 October 2023 and were signed by:





A J Williams - Director


A.WILLIAMS & CO.(CHELTENHAM)LIMITED (REGISTERED NUMBER: 00542190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

A.Williams & Co.(Cheltenham)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. 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.

The director has considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements and is confident that the company will be able to generate the profits and cash that it needs to fulfil its business plan for that period. As a result these financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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 statement of financial position date.

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 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.

A.WILLIAMS & CO.(CHELTENHAM)LIMITED (REGISTERED NUMBER: 00542190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

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 year was 23 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 48,480
Additions 2,228
At 31 January 2023 50,708
DEPRECIATION
At 1 February 2022 28,694
Charge for year 5,202
At 31 January 2023 33,896
NET BOOK VALUE
At 31 January 2023 16,812
At 31 January 2022 19,786

5. SECURED DEBTS

The company's bankers hold a fixed and floating charge over the assets of the company as security for any drawdowns on the company's overdraft facility.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
4,700 Ordinary £1 4,700 4,700
150 Ordinary R £1 150 150
150 Ordinary D £1 150 150
5,000 5,000

7. RELATED PARTY DISCLOSURES

A J Williams
Director and shareholder

During the year Mr Williams charged the company £18,000 (2022: £28,850) in respect of rent for the use of property owned by himself but used by the company.

During the year Mr Williams loaned the company £9,781. As at 31 January 2023 the outstanding balance was £27,920 (2022: £18,139). No terms of repayment have been agreed and the balance remains technically repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A.WILLIAMS & CO.(CHELTENHAM)LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 A.Williams & Co.(Cheltenham)Limited for the year ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position 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 director of A.Williams & Co.(Cheltenham)Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.Williams & Co.(Cheltenham)Limited and state those matters that we have agreed to state to the director of A.Williams & Co.(Cheltenham)Limited 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 A.Williams & Co.(Cheltenham)Limited and its director for our work or for this report.

It is your duty to ensure that A.Williams & Co.(Cheltenham)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 A.Williams & Co.(Cheltenham)Limited. You consider that A.Williams & Co.(Cheltenham)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 A.Williams & Co.(Cheltenham)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.






Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


Date: .............................................