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REGISTERED NUMBER: 05367672 (England and Wales)





















Unaudited Financial Statements

for the Period

1 March 2022 to 31 March 2023

for

Williams Farrall Woodward Ltd

Williams Farrall Woodward Ltd (Registered number: 05367672)






Contents of the Financial Statements
for the Period 1 March 2022 to 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Williams Farrall Woodward Ltd

Company Information
for the Period 1 March 2022 to 31 March 2023







DIRECTOR: S G Farrall





SECRETARY: S G Farrall





REGISTERED OFFICE: Priority House
2nd Floor
8 Turret Lane
Ipswich
Suffolk
IP4 1DL





REGISTERED NUMBER: 05367672 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Williams Farrall Woodward Ltd (Registered number: 05367672)

Abridged Balance Sheet
31 March 2023

31.3.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,176,686 -
Tangible assets 5 13,148 -
Investments 6 35,863 56,986
1,225,697 56,986

CURRENT ASSETS
Debtors 57,115 2,857
Cash at bank 23,443 38,289
80,558 41,146
CREDITORS
Amounts falling due within one year 43,088 10,458
NET CURRENT ASSETS 37,470 30,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,167

87,674

CREDITORS
Amounts falling due after more than one
year

(26,612

)

(37,271

)

PROVISIONS FOR LIABILITIES 7 (6,814 ) (10,827 )
NET ASSETS 1,229,741 39,576

CAPITAL AND RESERVES
Called up share capital 8 1,205,043 100
Retained earnings 24,698 39,476
SHAREHOLDERS' FUNDS 1,229,741 39,576

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 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.

Williams Farrall Woodward Ltd (Registered number: 05367672)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 31 March 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 18 October 2023 and were signed by:





S G Farrall - Director


Williams Farrall Woodward Ltd (Registered number: 05367672)

Notes to the Financial Statements
for the Period 1 March 2022 to 31 March 2023

1. STATUTORY INFORMATION

Williams Farrall Woodward 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.

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 as modified by the revaluation of certain assets.

Goodwill
Goodwill was purchased from a connected partnership on the last day of the financial year so no amortisation has been charged in the year.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the period 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 2 ) .

Williams Farrall Woodward Ltd (Registered number: 05367672)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,176,686
At 31 March 2023 1,176,686
NET BOOK VALUE

At 31 March 2023 1,176,686

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 13,148
At 31 March 2023 13,148
NET BOOK VALUE
At 31 March 2023 13,148

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 March 2022 56,986
Revaluations (21,123 )
At 31 March 2023 35,863
NET BOOK VALUE
At 31 March 2023 35,863
At 28 February 2022 56,986

Cost or valuation at 31 March 2023 is represented by:
Totals
£   
Valuation in 2019 46,952
Valuation in 2020 16,204
Valuation in 2021 2,637
Valuation in 2022 (8,807 )
Valuation in 2023 (21,122 )
35,864

7. PROVISIONS FOR LIABILITIES
31.3.23 28.2.22
£    £   
Deferred tax 6,814 10,827

Williams Farrall Woodward Ltd (Registered number: 05367672)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 31 March 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 10,827
Credit to Statement of Income and Retained Earnings during period (4,013 )
Balance at 31 March 2023 6,814

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 28.2.22
value: £    £   
1,205,043 Ordinary £1 1,205,043 100

1,204,943 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the period ended 31 March 2023 and the year ended 28 February 2022:

31.3.23 28.2.22
£    £   
S G Farrall
Balance outstanding at start of period 225 465
Amounts repaid (33,581 ) (240 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (33,356 ) 225