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REGISTERED NUMBER: 03025888 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WILLIAMS OF BORDON LIMITED

WILLIAMS OF BORDON LIMITED (REGISTERED NUMBER: 03025888)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS OF BORDON LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: G Williams





SECRETARY: G Williams





REGISTERED OFFICE: The Clock House
Western Court
Bishop's Sutton
Hampshire
SO24 0AA





REGISTERED NUMBER: 03025888 (England and Wales)





ACCOUNTANTS: Fox & Co (Accountants) Ltd
The Clock House
Western Court
Bishop's Sutton.
Alresford
Hampshire
SO24 0AA

WILLIAMS OF BORDON LIMITED (REGISTERED NUMBER: 03025888)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,090,422 1,212,570
Investments 5 170,000 120,000
1,260,422 1,332,570

CURRENT ASSETS
Debtors 6 262,458 242,993
Cash at bank and in hand 214,866 165,397
477,324 408,390
CREDITORS
Amounts falling due within one year 7 335,350 323,570
NET CURRENT ASSETS 141,974 84,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,402,396

1,417,390

CREDITORS
Amounts falling due after more than one
year

8

(202,212

)

(376,378

)

PROVISIONS FOR LIABILITIES (124,105 ) (92,443 )
NET ASSETS 1,076,079 948,569

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,076,077 948,567
SHAREHOLDERS' FUNDS 1,076,079 948,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 OF BORDON LIMITED (REGISTERED NUMBER: 03025888)

BALANCE SHEET - continued
29 February 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





G Williams - Director


WILLIAMS OF BORDON LIMITED (REGISTERED NUMBER: 03025888)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Williams of Bordon 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.

Significant judgements and estimates
The preparation of the financial statement requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover, which is stated net of value added tax, represents amounts invoiced to third parties in the year. The policy adopted for the recognition of turnover is as follows:

Rendering of services:
When providing daily services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and machinery etc - 25% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Impairment of fixed assets
A review or indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicator exists. 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.

For the purposes of impairment testing, 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 to.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year 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.

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.


WILLIAMS OF BORDON LIMITED (REGISTERED NUMBER: 03025888)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges are included in creditors.

Rentals payable and receivable under operation leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 594,001 1,904,508 2,498,509
Land additions - 44,000 44,000
Disposals - (64,000 ) (64,000 )
At 29 February 2024 594,001 1,884,508 2,478,509
DEPRECIATION
At 1 March 2023 - 1,285,939 1,285,939
Charge for year - 161,877 161,877
Eliminated on disposal - (59,729 ) (59,729 )
At 29 February 2024 - 1,388,087 1,388,087
NET BOOK VALUE
At 29 February 2024 594,001 496,421 1,090,422
At 28 February 2023 594,001 618,569 1,212,570

Plant and machinery, commercial vehicles and vehicles include finance leased assets with a cost of £899,550 (2023: £899,550) and accumulated depreciation of £497,853 (2023: £363,954). The depreciation charge on these assets for the year was £133,899 (2023: £112,265 ).

WILLIAMS OF BORDON LIMITED (REGISTERED NUMBER: 03025888)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 170,000 120,000

The chattels have been valued by the directors at its open market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 255,505 235,675
Other debtors 6,953 7,318
262,458 242,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 170,625 174,571
Trade creditors 73,269 88,527
Taxation and social security 33,091 10,432
Other creditors 58,365 50,040
335,350 323,570

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 202,212 376,378