Charlie Williams Limited SC747906 false 2022-10-20 2023-10-31 2023-10-31 The principal activity of the company is management of civil engineering projects. Digita Accounts Production Advanced 6.30.9574.0 true SC747906 2022-10-20 2023-10-31 SC747906 2023-10-31 SC747906 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-31 SC747906 core:CurrentFinancialInstruments 2023-10-31 SC747906 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 SC747906 core:FurnitureFittingsToolsEquipment 2023-10-31 SC747906 bus:SmallEntities 2022-10-20 2023-10-31 SC747906 bus:AuditExemptWithAccountantsReport 2022-10-20 2023-10-31 SC747906 bus:FullAccounts 2022-10-20 2023-10-31 SC747906 bus:SmallCompaniesRegimeForAccounts 2022-10-20 2023-10-31 SC747906 bus:RegisteredOffice 2022-10-20 2023-10-31 SC747906 bus:Director1 2022-10-20 2023-10-31 SC747906 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-10-20 2023-10-31 SC747906 bus:PrivateLimitedCompanyLtd 2022-10-20 2023-10-31 SC747906 bus:Agent1 2022-10-20 2023-10-31 SC747906 core:FurnitureFittingsToolsEquipment 2022-10-20 2023-10-31 SC747906 core:OfficeEquipment 2022-10-20 2023-10-31 SC747906 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-20 2023-10-31 SC747906 countries:Scotland 2022-10-20 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC747906

Charlie Williams Limited

Annual Report and Unaudited Financial Statements

for the Period from 20 October 2022 to 31 October 2023

 

Charlie Williams Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Charlie Williams Limited

Company Information

Director

Mr C Williams

Registered office

 

Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

Accountants

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Charlie Williams Limited
for the Period Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Charlie Williams Limited for the period ended 31 October 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Charlie Williams Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Charlie Williams Limited and state those matters that we have agreed to state to the Board of Directors of Charlie Williams Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charlie Williams Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Charlie Williams Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Charlie Williams Limited. You consider that Charlie Williams Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Charlie Williams Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

24 April 2024

 

Charlie Williams Limited

(Registration number: SC747906)
Balance Sheet as at 31 October 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

781

Current assets

 

Debtors

5

3,276

Cash at bank and in hand

 

43,846

 

47,122

Creditors: Amounts falling due within one year

6

(38,050)

Net current assets

 

9,072

Total assets less current liabilities

 

9,853

Provisions for liabilities

(195)

Net assets

 

9,658

Capital and reserves

 

Called up share capital

7

1

Retained earnings

9,657

Shareholders' funds

 

9,658

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

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the Sections 386 and 387 of the Companies Act 2006 with respect to accounting records and the preparation of the 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.

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.

 

Charlie Williams Limited

(Registration number: SC747906)
Balance Sheet as at 31 October 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 24 April 2024
 

.........................................
Mr C Williams
Director

 

Charlie Williams Limited

Notes to the Unaudited Financial Statements for the Period from 20 October 2022 to 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

These financial statements were authorised for issue by the director on 24 April 2024.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration derived from the management of civil engineering projects. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

 

Charlie Williams Limited

Notes to the Unaudited Financial Statements for the Period from 20 October 2022 to 31 October 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

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

Office equipment

25%, straight line

 

Charlie Williams Limited

Notes to the Unaudited Financial Statements for the Period from 20 October 2022 to 31 October 2023

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period was 1.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,041

1,041

At 31 October 2023

1,041

1,041

Depreciation

Charge for the period

260

260

At 31 October 2023

260

260

Carrying amount

At 31 October 2023

781

781

5

Debtors

2023
£

Trade debtors

3,276

3,276

 

Charlie Williams Limited

Notes to the Unaudited Financial Statements for the Period from 20 October 2022 to 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

25,069

Other creditors

12,981

38,050

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

1

1

     

8

Related party transactions

The company operates a loan account with the director, Mr C Williams.
During the year, the director advanced loans totalling £12,980 to the company. At the year end, the balance due to the director was £12,980. This loan is unsecured, interest free and has no fixed repayment terms