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REGISTERED NUMBER: 12963706 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

WILLIAMS CONTRACTS LIMITED

WILLIAMS CONTRACTS LIMITED (REGISTERED NUMBER: 12963706)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS CONTRACTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T H Williams
S Williams





SECRETARY:





REGISTERED OFFICE: Unit 19b
The Wren Centre
Westbourne Road
Emsworth
Hampshire
PO10 7SU





REGISTERED NUMBER: 12963706 (England and Wales)





ACCOUNTANTS: Loveless & Co Accountants Ltd
Unit 19b
The Wren Centre
Westbourne Road
Emsworth
Hampshire
PO10 7SU

WILLIAMS CONTRACTS LIMITED (REGISTERED NUMBER: 12963706)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,438 14,437

CURRENT ASSETS
Debtors 5 105,025 88,718
Cash at bank 124,205 55,127
229,230 143,845
CREDITORS
Amounts falling due within one year 6 84,358 67,024
NET CURRENT ASSETS 144,872 76,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,310

91,258

CREDITORS
Amounts falling due after more than one
year

7

58,341

-
NET ASSETS 151,969 91,258

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,967 91,256
SHAREHOLDERS' FUNDS 151,969 91,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 CONTRACTS LIMITED (REGISTERED NUMBER: 12963706)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




T H Williams - Director



S Williams - Director


WILLIAMS CONTRACTS LIMITED (REGISTERED NUMBER: 12963706)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Williams Contracts 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WILLIAMS CONTRACTS LIMITED (REGISTERED NUMBER: 12963706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 23,000
Additions 72,816
At 31 March 2024 95,816
DEPRECIATION
At 1 April 2023 8,563
Charge for year 21,815
At 31 March 2024 30,378
NET BOOK VALUE
At 31 March 2024 65,438
At 31 March 2023 14,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,733 19,815
Amounts owed by group undertakings 10 -
Other debtors 85,282 68,903
105,025 88,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,897 -
Trade creditors 6,690 -
Taxation and social security 64,593 65,866
Other creditors 1,178 1,158
84,358 67,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 58,341 -

8. ULTIMATE CONTROLLING PARTY

Both, T Williams and S Williams have equal voting rights.