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REGISTERED NUMBER: 03379044 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WILLIAMS ROOFING CONTRACTORS LIMITED

WILLIAMS ROOFING CONTRACTORS LIMITED (REGISTERED NUMBER: 03379044)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLIAMS ROOFING CONTRACTORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: R N Williams



REGISTERED OFFICE: 24-25 Monks Brook Industrial Park
School Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4RA



REGISTERED NUMBER: 03379044 (England and Wales)



ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW



BANKERS: Barclays Bank Plc
P O Box 44
Poole
Dorset
BH15 1YA

WILLIAMS ROOFING CONTRACTORS LIMITED (REGISTERED NUMBER: 03379044)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,939 286,654

CURRENT ASSETS
Stocks 203,230 299,913
Debtors 5 2,092,755 1,661,784
Cash at bank 447,367 540,153
2,743,352 2,501,850
CREDITORS
Amounts falling due within one year 6 560,122 554,005
NET CURRENT ASSETS 2,183,230 1,947,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,471,169

2,234,499

CREDITORS
Amounts falling due after more than one
year

7

(45,016

)

(75,014

)

PROVISIONS FOR LIABILITIES (67,723 ) (54,464 )
NET ASSETS 2,358,430 2,105,021

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,358,428 2,105,019
SHAREHOLDERS' FUNDS 2,358,430 2,105,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:





R N Williams - Director


WILLIAMS ROOFING CONTRACTORS LIMITED (REGISTERED NUMBER: 03379044)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Williams Roofing Contractors 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.

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.

Turnover
Turnover, which excludes value added tax, represents the invoiced value of goods and services supplied and the value of long-term contract work done.

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 etc - 33% on cost, 25% on reducing balance, 25% on cost, 20% on reducing balance and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Pension costs charged to the profit and loss account represent contributions paid by the company during the year to the company's auto-enrolment pension plan and personal pension plans of individual employees.

Long term contracts
Turnover on long term contracts is recognised according to the stage reached in the contract by reference to the value of work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. The amount by which the turnover exceeds payments on account is shown under debtors as "amounts recoverable on contracts". The costs on long term contracts not yet taken to the profit and loss account less related foreseeable losses and payments on account are shown in stocks as long term contract balances.

WILLIAMS ROOFING CONTRACTORS LIMITED (REGISTERED NUMBER: 03379044)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 166,455 375,496 541,951
Additions - 86,039 86,039
Disposals - (41,220 ) (41,220 )
At 31 December 2023 166,455 420,315 586,770
DEPRECIATION
At 1 January 2023 41,569 213,728 255,297
Charge for year 17,677 67,077 84,754
Eliminated on disposal - (41,220 ) (41,220 )
At 31 December 2023 59,246 239,585 298,831
NET BOOK VALUE
At 31 December 2023 107,209 180,730 287,939
At 31 December 2022 124,886 161,768 286,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 933,781 902,608
Amounts recoverable on contracts 400,425 148,044
Other debtors 758,549 611,132
2,092,755 1,661,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 30,011 30,006
Trade creditors 152,083 272,315
Taxation and social security 362,223 234,127
Other creditors 15,805 17,557
560,122 554,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 45,016 75,014

8. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements 2,173 2,173

WILLIAMS ROOFING CONTRACTORS LIMITED (REGISTERED NUMBER: 03379044)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
R N Williams
Balance outstanding at start of year 423,601 204,152
Amounts advanced 187,166 311,600
Amounts repaid (91,339 ) (92,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 519,428 423,601

The company has agreed to make advances to the director of up to £750,000 at any time. The terms agreed are that the advances are repayable on demand, and interest of 2% is to be charged on the advances at the official rate where the balance exceeds £10,000 at any time during the year.

During the period the company rented premises from the director, Mr R N Williams, for £36,000 (2022 - £36,000)

10. ULTIMATE CONTROLLING PARTY

The controlling party is R N Williams.