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REGISTERED NUMBER: 01087549 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

WILLIAMS OF SAFFRON WALDEN LIMITED

WILLIAMS OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 01087549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS OF SAFFRON WALDEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: C P Sewell
D N W Sewell
M G Sewell





SECRETARY: C P Sewell





REGISTERED OFFICE: Burland House
Tysoe Road
Oxhill
Warwick
Warwickshire
CV35 0RD





REGISTERED NUMBER: 01087549 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

WILLIAMS OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 01087549)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 501 1,104
Investments 5 107,309 100,679
107,810 101,783

CURRENT ASSETS
Stocks 16,955 17,521
Debtors 6 3,539 5,304
Cash at bank and in hand 27,980 37,958
48,474 60,783
CREDITORS
Amounts falling due within one year 7 9,702 8,169
NET CURRENT ASSETS 38,772 52,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,582

154,397

PROVISIONS FOR LIABILITIES 6,635 4,869
NET ASSETS 139,947 149,528

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 3,000 3,000
Fair value reserve 8 19,528 19,582
Retained earnings 116,419 125,946
SHAREHOLDERS' FUNDS 139,947 149,528

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 01087549)

BALANCE SHEET - continued
31ST DECEMBER 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 10th April 2024 and were signed on its behalf by:




C P Sewell - Director D N W Sewell - Director




M G Sewell - Director


WILLIAMS OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 01087549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Williams of Saffron Walden 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.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

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
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 OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 01087549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Investments
Listed fixed asset Investments are measured at fair value through the profit and loss. The fair value of £107,309 (and the £54 included in the profit for the year) were determined by reference to the valuation provided by third party, Evelyn Partners.

Investment income comprises dividends declared during the accounting period and interest received on listed and unlisted investments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023
and 31st December 2023 34,559 52,619 4,209 91,387
DEPRECIATION
At 1st January 2023 33,455 52,619 4,209 90,283
Charge for year 603 - - 603
At 31st December 2023 34,058 52,619 4,209 90,886
NET BOOK VALUE
At 31st December 2023 501 - - 501
At 31st December 2022 1,104 - - 1,104

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2023 100,679
Additions 20,900
Disposals (15,842 )
Revaluations 1,572
At 31st December 2023 107,309
NET BOOK VALUE
At 31st December 2023 107,309
At 31st December 2022 100,679

WILLIAMS OF SAFFRON WALDEN LIMITED (REGISTERED NUMBER: 01087549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st December 2023 is represented by:

Other
investments
£   
Valuation in 2023 107,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 188 552
Other debtors 3,351 4,752
3,539 5,304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,475 1,975
Taxation and social security 1,928 3,092
Other creditors 4,299 3,102
9,702 8,169

8. RESERVES
Fair
value
reserve
£   
At 1st January 2023 19,582
Investments revaluation (54 )

At 31st December 2023 19,528

9. OTHER FINANCIAL COMMITMENTS

The company has total rental commitments at the balance sheet date totalling £21,000 (per annum) (2022: £21,000 per annum). The company is responsible for any repairs that occur during the year.