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REGISTERED NUMBER: 07836532 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

WILLIAMS HAND BAKED LTD

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)






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 HAND BAKED LTD

COMPANY INFORMATION
for the Year Ended 31ST DECEMBER 2023







DIRECTORS: Mrs V O'Malley
Mr T O'Malley
Mrs K L A O'Malley





REGISTERED OFFICE: Unit B5 Anchorage Business Park
Chain Caul Way
Riversway
Preston
Lancashire
PR2 2YL





REGISTERED NUMBER: 07836532 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,150 2,298
Tangible assets 5 155,087 130,773
156,237 133,071

CURRENT ASSETS
Stocks 46,500 37,200
Debtors 6 184,818 123,769
Cash at bank and in hand 109,482 92,888
340,800 253,857
CREDITORS
Amounts falling due within one year 7 235,637 185,965
NET CURRENT ASSETS 105,163 67,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,400

200,963

CREDITORS
Amounts falling due after more than one
year

8

(60,276

)

(67,697

)

PROVISIONS FOR LIABILITIES 9 (35,670 ) (24,847 )
NET ASSETS 165,454 108,419

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 165,452 108,417
165,454 108,419

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 HAND BAKED LTD (REGISTERED NUMBER: 07836532)

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 19th April 2024 and were signed on its behalf by:





Mr T O'Malley - Director


WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Williams Hand Baked 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 10% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Goodwill
Goodwill acquired between 2017 and 2019, is being amortised evenly over its estimated useful life of 5 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 5,742
AMORTISATION
At 1st January 2023 3,444
Charge for year 1,148
At 31st December 2023 4,592
NET BOOK VALUE
At 31st December 2023 1,150
At 31st December 2022 2,298

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st January 2023 179,492 30,150 209,642
Additions 47,503 - 47,503
Disposals (340 ) (14,470 ) (14,810 )
At 31st December 2023 226,655 15,680 242,335
DEPRECIATION
At 1st January 2023 59,566 19,303 78,869
Charge for year 16,835 1,185 18,020
Eliminated on disposal (92 ) (9,549 ) (9,641 )
At 31st December 2023 76,309 10,939 87,248
NET BOOK VALUE
At 31st December 2023 150,346 4,741 155,087
At 31st December 2022 119,926 10,847 130,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 166,862 108,035
VAT 2,239 5,910
Prepayments and accrued income 15,717 9,824
184,818 123,769

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 15,989 17,269
Hire purchase contracts 12,789 7,218
Trade creditors 105,138 90,058
Tax 41,830 23,108
Social security and other taxes 15,237 10,704
Pension creditor 1,803 1,556
Other loans 33,456 28,000
Directors' current accounts 831 415
Accruals and deferred income 8,564 7,637
235,637 185,965

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
Hire purchase contracts 12,540 7,938
Other loans 33,569 35,592
60,276 67,697

9. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 35,670 24,847

Deferred
tax
£   
Balance at 1st January 2023 24,847
Accelerated capital allowances 10,823
Balance at 31st December 2023 35,670

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/12/23 31/12/22
£    £   
Mr T O'Malley
Balance outstanding at start of year (316 ) (316 )
Amounts advanced 79 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (237 ) (316 )

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST DECEMBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs V O'Malley
Balance outstanding at start of year (99 ) (99 )
Amounts repaid (495 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (594 ) (99 )

Mrs K L A O'Malley
Balance outstanding at start of year - -
Amounts advanced 149 -
Amounts repaid (149 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T O'Malley.