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Company Registration No. 07676296 (England and Wales)
Williamson Menzies Limited Unaudited accounts for the year ended 31 December 2023
Williamson Menzies Limited Unaudited accounts Contents
Page
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Williamson Menzies Limited Company Information for the year ended 31 December 2023
Directors
John Menzies Emma Menzies
Company Number
07676296 (England and Wales)
Registered Office
Unit 8 Downley Point Downley Road Havant Hampshire PO9 2NA
Accountants
Horn & Co. Accountants Limited 6 Weyhill Close Portchester Fareham Hampshire PO16 8EL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Williamson Menzies Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Williamson Menzies Limited for the year ended 31 December 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Horn & Co. Accountants Limited Chartered Certified Accountants 6 Weyhill Close Portchester Fareham Hampshire PO16 8EL 6 March 2024
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Williamson Menzies Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,585 
26,228 
Investments
32,339 
29,173 
51,924 
55,401 
Current assets
Inventories
42,656 
24,280 
Debtors
21,430 
28,504 
Cash at bank and in hand
100,766 
84,339 
164,852 
137,123 
Creditors: amounts falling due within one year
(140,754)
(124,764)
Net current assets
24,098 
12,359 
Total assets less current liabilities
76,022 
67,760 
Provisions for liabilities
Deferred tax
(4,896)
(4,983)
Net assets
71,126 
62,777 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
71,006 
62,657 
Shareholders' funds
71,126 
62,777 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
John Menzies Director Company Registration No. 07676296
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Williamson Menzies Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Williamson Menzies Limited is a private company, limited by shares, registered in England and Wales, registration number 07676296. The registered office is Unit 8 Downley Point, Downley Road, Havant, Hampshire, PO9 2NA.
2
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. 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 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.
Goodwill
Goodwill, being the amount paid in the acquisition of a business, is being amortised over its expected useful life.
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Williamson Menzies Limited Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when paid.
3
Intangible fixed assets
Total 
£ 
Cost
At 1 January 2023
3,000 
At 31 December 2023
3,000 
Amortisation
At 1 January 2023
3,000 
At 31 December 2023
3,000 
Net book value
At 31 December 2023
- 
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
62,483 
At 31 December 2023
62,483 
Depreciation
At 1 January 2023
36,255 
Charge for the year
6,643 
At 31 December 2023
42,898 
Net book value
At 31 December 2023
19,585 
At 31 December 2022
26,228 
5
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
46,400 
65,600 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Menzies
Loan to director
- 
2,539 
- 
2,539 
- 
2,539 
- 
2,539 
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Williamson Menzies Limited Notes to the Accounts for the year ended 31 December 2023
7
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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