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REGISTERED NUMBER: 04471842 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Geraint Williams Limited

Geraint Williams Limited (Registered number: 04471842)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Geraint Williams Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: G W Williams
Mrs L S Williams
S R Williams



SECRETARY: Mrs L S Williams



REGISTERED OFFICE: Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB



REGISTERED NUMBER: 04471842 (England and Wales)



ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB



BANKERS: Lloyds TSB
21 Stepney Street
Llanelli
Carmarthenshire
SA15 3YD

Geraint Williams Limited (Registered number: 04471842)

Abridged Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,506 44,015

CURRENT ASSETS
Debtors 964,802 471,958
Cash at bank 417,849 779,244
1,382,651 1,251,202
CREDITORS
Amounts falling due within one year (227,506 ) (260,119 )
NET CURRENT ASSETS 1,155,145 991,083
TOTAL ASSETS LESS CURRENT LIABILITIES 1,204,651 1,035,098

PROVISIONS FOR LIABILITIES (7,055 ) (6,272 )
NET ASSETS 1,197,596 1,028,826

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,197,594 1,028,824
SHAREHOLDERS' FUNDS 1,197,596 1,028,826

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

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

Geraint Williams Limited (Registered number: 04471842)

Abridged Balance Sheet - continued
31st July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th March 2024 and were signed on its behalf by:





Mrs L S Williams - Director


Geraint Williams Limited (Registered number: 04471842)

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

1. STATUTORY INFORMATION

Geraint Williams 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.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Geraint Williams Limited (Registered number: 04471842)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022 105,948
Additions 27,828
Disposals (16,500 )
At 31st July 2023 117,276
DEPRECIATION
At 1st August 2022 61,933
Charge for year 22,337
Eliminated on disposal (16,500 )
At 31st July 2023 67,770
NET BOOK VALUE
At 31st July 2023 49,506
At 31st July 2022 44,015

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
G W Williams and Mrs L S Williams
Balance outstanding at start of year 120,454 39,642
Amounts advanced 155,868 245,409
Amounts repaid (159,911 ) (164,597 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,411 120,454