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Registration number: 02765719

Anthony Williams & Co Limited

trading as AW Accountants

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Anthony Williams & Co Limited

trading as AW Accountants

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Anthony Williams & Co Limited

trading as AW Accountants

Company Information

Directors

Mr Dominic Derek Geoffrey Stephens

Mr David Geoffrey Stephens

Mr Keiron David Stephens

Company secretary

Mrs Linda Theresa Stephens

Registered office

Trevenson House
Church Road
Pool
REDRUTH
Cornwall
TR15 3PT

 

Anthony Williams & Co Limited

trading as AW Accountants

(Registration number: 02765719)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

205,202

214,974

Tangible assets

5

13,406

9,911

 

218,608

224,885

Current assets

 

Debtors

6

104,222

128,434

Cash at bank and in hand

 

273,241

374,655

 

377,463

503,089

Creditors: Amounts falling due within one year

7

(81,749)

(117,189)

Net current assets

 

295,714

385,900

Total assets less current liabilities

 

514,322

610,785

Provisions for liabilities

(3,352)

(2,478)

Net assets

 

510,970

608,307

Capital and reserves

 

Called up share capital

8

67,290

67,290

Capital redemption reserve

32,714

32,714

Retained earnings

410,966

508,303

Shareholders' funds

 

510,970

608,307

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Anthony Williams & Co Limited

trading as AW Accountants

(Registration number: 02765719)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 28 March 2024 and signed on its behalf by:
 

Mr Dominic Derek Geoffrey Stephens

Director

Mr David Geoffrey Stephens

Director

Mr Keiron David Stephens

Director

 

Anthony Williams & Co Limited

trading as AW Accountants

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Trevenson House
Church Road
Pool
REDRUTH
Cornwall
TR15 3PT
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Anthony Williams & Co Limited

trading as AW Accountants

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

30 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Anthony Williams & Co Limited

trading as AW Accountants

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 11).

 

Anthony Williams & Co Limited

trading as AW Accountants

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

293,150

293,150

At 31 December 2023

293,150

293,150

Amortisation

At 1 January 2023

78,176

78,176

Amortisation charge

9,772

9,772

At 31 December 2023

87,948

87,948

Carrying amount

At 31 December 2023

205,202

205,202

At 31 December 2022

214,974

214,974

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

53,537

53,537

Additions

6,982

6,982

At 31 December 2023

60,519

60,519

Depreciation

At 1 January 2023

43,626

43,626

Charge for the year

3,487

3,487

At 31 December 2023

47,113

47,113

Carrying amount

At 31 December 2023

13,406

13,406

At 31 December 2022

9,911

9,911

 

Anthony Williams & Co Limited

trading as AW Accountants

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

84,728

104,482

Prepayments

12,271

16,812

Other debtors

7,223

7,140

 

104,222

128,434

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7,611

2,865

Taxation and social security

48,670

88,958

Accruals and deferred income

67

136

Other creditors

25,401

25,230

81,749

117,189

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

16,667

16,667

20,000

20,000

Ordinary B of £1 each

21,292

21,292

21,292

21,292

Ordinary C of £1 each

6,000

6,000

6,000

6,000

Ordinary D of £1 each

6,666

6,666

6,666

6,666

Ordinary E of £1 each

6,666

6,666

6,666

6,666

Ordinary F of £1 each

6,666

6,666

6,666

6,666

Ordinary G of £1 (2022 - £0) each

3,333

3,333

-

-

 

67,290

67,290

67,290

67,290