Registered number
04741495
John F Williams & Co Limited
Filleted Accounts
31 March 2023
John F Williams & Co Limited
Registered number: 04741495
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 318 424
Current assets
Debtors 4 2,527 7,835
Cash at bank and in hand 493 2,034
3,020 9,869
Creditors: amounts falling due within one year 5 (1,349) (7,521)
Net current assets 1,671 2,348
Net assets 1,989 2,772
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,889 2,672
Shareholders' funds 1,989 2,772
The director is 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 director acknowledges his 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.
John F Williams
Director
Approved by the board on 9 November 2023
John F Williams & Co 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 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:
Fixtures, fittings, tools and equipment over 5 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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2022 2,345
At 31 March 2023 2,345
Depreciation
At 1 April 2022 1,921
Charge for the year 106
At 31 March 2023 2,027
Net book value
At 31 March 2023 318
At 31 March 2022 424
4 Debtors 2023 2022
£ £
Other debtors 2,527 7,835
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 779 1,115
Other creditors 570 6,406
1,349 7,521
6 Controlling party
The director and secretary are the sole shareholders in the company.
7 Other information
John F Williams & Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
Caroline Cottage
6 George Lane
Marlborough
Wiltshire
SN8 4BT
John F Williams & Co Limited 04741495 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 John F Williams No description of principal activity 04741495 2021-04-01 2022-03-31 04741495 core:WithinOneYear 2022-03-31 04741495 core:ShareCapital 2022-03-31 04741495 core:RetainedEarningsAccumulatedLosses 2022-03-31 04741495 2022-04-01 2023-03-31 04741495 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04741495 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04741495 bus:Director40 2022-04-01 2023-03-31 04741495 1 2022-04-01 2023-03-31 04741495 2 2022-04-01 2023-03-31 04741495 core:PlantMachinery 2022-04-01 2023-03-31 04741495 countries:England 2022-04-01 2023-03-31 04741495 bus:FRS102 2022-04-01 2023-03-31 04741495 bus:FullAccounts 2022-04-01 2023-03-31 04741495 2023-03-31 04741495 core:WithinOneYear 2023-03-31 04741495 core:ShareCapital 2023-03-31 04741495 core:RetainedEarningsAccumulatedLosses 2023-03-31 04741495 core:PlantMachinery 2023-03-31 04741495 2022-03-31 04741495 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure