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REGISTERED NUMBER: 10282290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

D & R Williams Ltd

D & R Williams Ltd (Registered number: 10282290)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & R Williams Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr D J Williams
Mr R G Williams





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 10282290 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

D & R Williams Ltd (Registered number: 10282290)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,639 26,909

CURRENT ASSETS
Stocks 6,403 500
Debtors 5 26,501 41,366
Cash at bank 478 73,709
33,382 115,575
CREDITORS
Amounts falling due within one year 6 32,725 97,341
NET CURRENT ASSETS 657 18,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,296

45,143

CREDITORS
Amounts falling due after more than one
year

7

(24,379

)

(32,800

)

PROVISIONS FOR LIABILITIES (5,631 ) (5,113 )
NET ASSETS 286 7,230

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 185 7,129
SHAREHOLDERS' FUNDS 286 7,230

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

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

D & R Williams Ltd (Registered number: 10282290)

Balance Sheet - continued
31 July 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 3 March 2024 and were signed on its behalf by:




Mr D J Williams - Director



Mr R G Williams - Director


D & R Williams Ltd (Registered number: 10282290)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

D & R Williams Ltd 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 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
Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 20% reducing balance

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.

D & R Williams Ltd (Registered number: 10282290)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 55,417
Additions 10,139
At 31 July 2023 65,556
DEPRECIATION
At 1 August 2022 28,508
Charge for year 7,409
At 31 July 2023 35,917
NET BOOK VALUE
At 31 July 2023 29,639
At 31 July 2022 26,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 26,501 41,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 11,000 11,000
Hire purchase contracts 3,050 -
Trade creditors 10,475 43,659
Taxation and social security 4,683 14,345
Other creditors 3,517 28,337
32,725 97,341

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 21,583 32,800
Hire purchase contracts 2,796 -
24,379 32,800

D & R Williams Ltd (Registered number: 10282290)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. SECURED DEBTS

Chargee: HSBC UK Bank Plc

Charge code: 1028 2290 0001

Date created: 26 June 2020

Charge description: A fixed and floating charge over all assets.
Contains fixed charge(s).
Contains floating charge(s).
Contains negative pledge.

Full details available on the Companies House website.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
Mr D J Williams
Balance outstanding at start of year 41,366 45,544
Amounts advanced 7,426 6,253
Amounts repaid (25,400 ) (10,431 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,392 41,366