Registered number
13551128
J Williams Property Maintenance Ltd
Unaudited Filleted Accounts
31 August 2023
J Williams Property Maintenance Ltd
Registered number: 13551128
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,641 10,192
Current assets
Stocks/Work in Progress 250 728
Debtors 4 99 40
Cash at bank and in hand 7,595 3,768
7,944 4,536
Creditors: amounts falling due within one year 5 (13,742) (13,313)
Net current liabilities (5,798) (8,777)
Total assets less current liabilities 1,843 1,415
Provisions for liabilities (1,193) (1,936)
Net assets/(liabilities) 650 (521)
Capital and reserves
Called up share capital 2 2
Profit and loss account 648 (523)
Shareholders' funds 650 (521)
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.
Jeffrey Ivor Williams
Director
Approved by the board on 22 February 2024
J Williams Property Maintenance Ltd
Notes to the Accounts
for the year ended 31 August 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:
Plant and machinery 20% Straight Line
Motor vehicles 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Work in Progress
Work in Progress are works underway at the yearend but not completed. Work in Progress is valued at full contract price multiplied by the percentage of work completed.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 768 13,152 13,920
At 31 August 2023 768 13,152 13,920
Depreciation
At 1 September 2022 166 3,562 3,728
Charge for the year 154 2,397 2,551
At 31 August 2023 320 5,959 6,279
Net book value
At 31 August 2023 448 7,193 7,641
At 31 August 2022 602 9,590 10,192
4 Debtors 2023 2022
£ £
Trade debtors 99 40
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,406 220
Taxation and social security costs 440 -
Other creditors 9,896 13,093
13,742 13,313
6 Related party transactions
No disclosure of related party transactions made as all transactions considered to be at open market values.
7 Transactions with Directors
During the year, Mr Jeffrey Williams and Mrs Helen Williams used a current account with the company to record amounts due to them and amounts drawn by them. The account shows an amount owing back to Mr Jeffrey Williams as at the yearend, 31st August 2023 of £8,984.69. (2022: £12,071.90)

The balance owed to Mrs Helen Williams was £NIL at the yearend, 31st August 2023 (2022: £NIL).
8 Controlling party
Mr Jeffrey Williams owns 50% & Mrs Helen Williams owns 50% of the share capital of the company and therefore, they are jointly the company's ultimate controlling party.
9 Other information
J Williams Property Maintenance Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Coombe House
Brecon Road
Crickhowell
Powys
NP8 1DG
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