1 31/10/2023 2023-10-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-11-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03275749 2022-11-01 2023-10-31 03275749 2023-10-31 03275749 2022-10-31 03275749 2021-11-01 2022-10-31 03275749 2022-10-31 03275749 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 03275749 core:PlantMachinery 2022-11-01 2023-10-31 03275749 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 03275749 bus:RegisteredOffice 2022-11-01 2023-10-31 03275749 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 03275749 bus:Director1 2022-11-01 2023-10-31 03275749 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 03275749 core:PlantMachinery 2022-10-31 03275749 core:FurnitureFittingsToolsEquipment 2022-10-31 03275749 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 03275749 core:PlantMachinery 2023-10-31 03275749 core:FurnitureFittingsToolsEquipment 2023-10-31 03275749 core:WithinOneYear 2023-10-31 03275749 core:WithinOneYear 2022-10-31 03275749 core:ShareCapital 2023-10-31 03275749 core:ShareCapital 2022-10-31 03275749 core:SharePremium 2023-10-31 03275749 core:SharePremium 2022-10-31 03275749 core:RevaluationReserve 2023-10-31 03275749 core:RevaluationReserve 2022-10-31 03275749 core:CapitalRedemptionReserve 2023-10-31 03275749 core:CapitalRedemptionReserve 2022-10-31 03275749 core:RetainedEarningsAccumulatedLosses 2023-10-31 03275749 core:RetainedEarningsAccumulatedLosses 2022-10-31 03275749 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 03275749 bus:SmallEntities 2022-11-01 2023-10-31 03275749 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 03275749 bus:FullAccounts 2022-11-01 2023-10-31 03275749 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 03275749 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03275749 1 2022-11-01 2023-10-31
Company registration number: 03275749
Nelson Williams (Harbour) Limited
Unaudited filleted financial statements
31 October 2023
Nelson Williams (Harbour) Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Nelson Williams (Harbour) Limited
Directors and other information
Director Mr Dylan Williams
Company number 03275749
Registered office Cefn Glas
Llanfechell
Amlwch
LL68 0PT
Business address Cefn Glas
Llanfechell
Amlwch
LL68 0PT
Accountants Davies Lewis Baker Limited
Maesteg
High Street
Tywyn
LL36 9AD
Nelson Williams (Harbour) Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Nelson Williams (Harbour) Limited
Year 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 financial statements of Nelson Williams (Harbour) Limited for the year ended 31 October 2023 which comprise the statement of financial position and related notes 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 /gb/en/about-us/regulation/rulebook.html.
This report is made solely to the director of Nelson Williams (Harbour) 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 financial statements of Nelson Williams (Harbour) Limited and state those matters that we have agreed to state to them, as a body, in this report 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. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nelson Williams (Harbour) Limited and its director as a body for our work or for this report.
It is your duty to ensure that Nelson Williams (Harbour) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nelson Williams (Harbour) Limited. You consider that Nelson Williams (Harbour) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Nelson Williams (Harbour) 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 financial statements.
Davies Lewis Baker Limited
Chartered Certified Accountants
Maesteg
High Street
Tywyn
LL36 9AD
30 July 2024
Nelson Williams (Harbour) Limited
Statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 533,553 546,049
_______ _______
533,553 546,049
Current assets
Debtors 6 152,914 94,955
Cash at bank and in hand 286 8,154
_______ _______
153,200 103,109
Creditors: amounts falling due
within one year 7 ( 258,273) ( 268,068)
_______ _______
Net current liabilities ( 105,073) ( 164,959)
_______ _______
Total assets less current liabilities 428,480 381,090
_______ _______
Net assets 428,480 381,090
_______ _______
Capital and reserves
Called up share capital 1,632 1,632
Share premium account 24,000 24,000
Revaluation reserve 360,133 360,133
Capital redemption reserve 368 368
Profit and loss account 42,347 ( 5,043)
_______ _______
Shareholders funds 428,480 381,090
_______ _______
For the year 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mr Dylan Williams
Director
Company registration number: 03275749
Nelson Williams (Harbour) Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cefn Glas, Llanfechell, Amlwch, LL68 0PT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Plant and machinery - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 November 2022 and 31 October 2023 624,818 25,265 144,167 794,250
_______ _______ _______ _______
Depreciation
At 1 November 2022 78,769 25,265 144,167 248,201
Charge for the year 12,496 - - 12,496
_______ _______ _______ _______
At 31 October 2023 91,265 25,265 144,167 260,697
_______ _______ _______ _______
Carrying amount
At 31 October 2023 533,553 - - 533,553
_______ _______ _______ _______
At 31 October 2022 546,049 - - 546,049
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 152,914 94,955
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 16,849 25,168
Other creditors 241,424 242,900
_______ _______
258,273 268,068
_______ _______
8. Controlling party
The company is controlled by the director.