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REGISTERED NUMBER: 09315689 (England and Wales)















WILLIAMS WEALTH CONSULTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






WILLIAMS WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


WILLIAMS WEALTH CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: D S Williams
N M Williams





REGISTERED OFFICE: Unit C
The Quays
Burton Waters
Lincoln
Lincolnshire
LN1 2XG





REGISTERED NUMBER: 09315689 (England and Wales)

WILLIAMS WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,426,672 2,799,637
Tangible assets 5 25,985 88,438
Investments 6 112,620 112,620
2,565,277 3,000,695

CURRENT ASSETS
Debtors 7 224,449 116,596
Cash at bank and in hand 61,343 62,123
285,792 178,719
CREDITORS
Amounts falling due within one year 8 649,447 550,483
NET CURRENT LIABILITIES (363,655 ) (371,764 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,201,622

2,628,931

CREDITORS
Amounts falling due after more than one
year

9

(2,051,284

)

(2,535,216

)

PROVISIONS FOR LIABILITIES (5,979 ) (16,684 )
NET ASSETS 144,359 77,031

CAPITAL AND RESERVES
Called up share capital 113 113
Retained earnings 10 144,246 76,918
SHAREHOLDERS' FUNDS 144,359 77,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 Board of Directors and authorised for issue on 26th March 2024 and were signed on its behalf by:





D S Williams - Director


WILLIAMS WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Williams Wealth Consultancy 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 as modified by the revaluation of certain assets.

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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
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.

WILLIAMS WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1st December 2022 3,960,153
Additions 173,991
Disposals (249,974 )
At 30th November 2023 3,884,170
AMORTISATION
At 1st December 2022 1,160,516
Charge for year 438,679
Eliminated on disposal (141,697 )
At 30th November 2023 1,457,498
NET BOOK VALUE
At 30th November 2023 2,426,672
At 30th November 2022 2,799,637

Cost or valuation at 30th November 2023 is represented by:

Goodwill
£   
Valuation in 2019 78,660
Valuation in 2020 42,493
Valuation in 2021 340,860
Cost 3,422,157
3,884,170

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 400 30,711 95,295 21,751 148,157
Additions - 482 - 2,808 3,290
Disposals - - (75,295 ) - (75,295 )
At 30th November 2023 400 31,193 20,000 24,559 76,152
DEPRECIATION
At 1st December 2022 400 24,111 20,250 14,958 59,719
Charge for year - 2,156 8,992 1,868 13,016
Eliminated on disposal - - (22,568 ) - (22,568 )
At 30th November 2023 400 26,267 6,674 16,826 50,167
NET BOOK VALUE
At 30th November 2023 - 4,926 13,326 7,733 25,985
At 30th November 2022 - 6,600 75,045 6,793 88,438

WILLIAMS WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st December 2022 75,295
Disposals (6,095 )
At 30th November 2023 69,200
DEPRECIATION
At 1st December 2022
and 30th November 2023 2,517
NET BOOK VALUE
At 30th November 2023 66,683
At 30th November 2022 72,778

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st December 2022
and 30th November 2023 112,620
NET BOOK VALUE
At 30th November 2023 112,620
At 30th November 2022 112,620

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 224,449 116,596

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 351,240 336,000
Hire purchase contracts - 8,103
Tax 255,210 162,898
Social security and other taxes 7,781 8,045
Other creditors 31,991 32,708
Directors' current accounts 43 330
Accrued expenses 3,182 2,399
649,447 550,483

WILLIAMS WEALTH CONSULTANCY LIMITED (REGISTERED NUMBER: 09315689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 351,240 336,000
Bank loans - 2-5 years 1,053,720 1,008,000
Bank loans 646,324 1,141,698
Hire purchase contracts - 49,518
2,051,284 2,535,216

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 646,324 1,141,698

10. RESERVES
Retained
earnings
£   

At 1st December 2022 76,918
Profit for the year 497,428
Dividends (430,100 )
At 30th November 2023 144,246