Registered number
04945573
Catherine A. Williams Limited
Filleted Accounts
31 October 2023
Catherine A. Williams Limited
Registered number: 04945573
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,283 21,059
Current assets
Work In Progress 25,000 -
Debtors 4 45,166 44,362
Cash at bank and in hand 146,653 127,138
216,819 171,500
Creditors: amounts falling due within one year 5 (111,292) (124,992)
Net current assets 105,527 46,508
Total assets less current liabilities 123,810 67,567
Provisions for liabilities (1,514) (1,460)
Net assets 122,296 66,107
Capital and reserves
Called up share capital 1 1
Profit and loss account 122,295 66,106
Shareholders' funds 122,296 66,107
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Catherine Williams
Director
Approved by the board on 30 July 2024
Catherine A. Williams Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33.33% straight line
Fixtures, fittings, tools and equipment 25% straight line
Leasehold Improvements 10% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and Work In Progress
Work in progress is valued at the lower of cost and net realisable value. Net realiseable value is taken as sales full invoice value net of VAT, multiplied by the % of the work which is complete before the yearend.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 20,085 31,637 51,722
Additions - 5,027 5,027
At 31 October 2023 20,085 36,664 56,749
Depreciation
At 1 November 2022 6,025 24,638 30,663
Charge for the year 2,009 5,794 7,803
At 31 October 2023 8,034 30,432 38,466
Net book value
At 31 October 2023 12,051 6,232 18,283
At 31 October 2022 14,060 6,999 21,059
4 Debtors 2023 2022
£ £
Trade debtors 45,166 44,362
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 197 -
Director's account 12,133 51,233
Trade creditors (1,299) 2,503
Taxation and social security costs 73,461 69,277
Other creditors 26,800 1,979
111,292 124,992
6 Related party transactions
None Noted
7 Transactions with directors
During the year both Directors, Mrs Catherine Williams and Mrs Gemma Indge use a current account with the company to record amounts due to them and amounts drawn by them. The account shows an amount of £11,563.13 (2022:£50,993.13 ) owed back to Catherine Williams as at 31st October 2023 and £570 (2022:£240 )to Gemma Indge. The amounts are repayable on demand and carry interest.
8 Controlling party
Mrs Catherine Williams holds 100% of the share capital of the company is therefore the ultimate controlling party of Catherine A Williams Limited.
9 Other information
Catherine A. Williams Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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