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REGISTERED NUMBER: 00606942 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HENRY WILLIAMS & SON(ROADS)LIMITED

HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HENRY WILLIAMS & SON(ROADS)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S R Williams
D Bryan





REGISTERED OFFICE: Unit 1 Park Road Industrial Estate
Park Road
Rhosymedre
Wrexham
LL14 3AX





REGISTERED NUMBER: 00606942 (England and Wales)





ACCOUNTANTS: Guy Walmsley Limited
Chartered Accountants
3 Grove Road
Wrexham
LL11 1DY

HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 945,143 1,013,545

CURRENT ASSETS
Stocks 605,868 452,973
Debtors 5 1,359,391 1,622,420
Cash at bank 95,250 -
2,060,509 2,075,393
CREDITORS
Amounts falling due within one year 6 1,535,624 1,670,974
NET CURRENT ASSETS 524,885 404,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,470,028

1,417,964

CREDITORS
Amounts falling due after more than one
year

7

(225,611

)

(243,408

)

PROVISIONS FOR LIABILITIES - (69,862 )
NET ASSETS 1,244,417 1,104,694

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,234,417 1,094,694
SHAREHOLDERS' FUNDS 1,244,417 1,104,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)

BALANCE SHEET - continued
31 DECEMBER 2023


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 13 August 2024 and were signed on its behalf by:




S R Williams - Director



D Bryan - Director


HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Henry Williams & Son(Roads)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.

The financial statements are for the individual entity only.

The company's functional and presentation currency is Pound Sterling (£), rounded to the nearest pound.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% to 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 38 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 2,733,365 3,222 287,978 27,645 3,052,210
Additions 67,381 - 117,842 - 185,223
Disposals - - (9,000 ) - (9,000 )
At 31 December 2023 2,800,746 3,222 396,820 27,645 3,228,433
DEPRECIATION
At 1 January 2023 1,883,473 1,867 139,296 14,029 2,038,665
Charge for year 183,455 135 66,631 3,404 253,625
Eliminated on disposal - - (9,000 ) - (9,000 )
At 31 December 2023 2,066,928 2,002 196,927 17,433 2,283,290
NET BOOK VALUE
At 31 December 2023 733,818 1,220 199,893 10,212 945,143
At 31 December 2022 849,892 1,355 148,682 13,616 1,013,545

HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 565,632 32,969 598,601
DEPRECIATION
At 1 January 2023 320,917 20,662 341,579
Charge for year 48,943 3,077 52,020
At 31 December 2023 369,860 23,739 393,599
NET BOOK VALUE
At 31 December 2023 195,772 9,230 205,002
At 31 December 2022 244,715 12,307 257,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 909,016 1,106,646
Amounts owed by group undertakings 238,854 225,593
Other debtors 169,989 195,940
Prepayments and accrued income 41,532 94,241
1,359,391 1,622,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 155,335
Other loans 471,417 310,667
Hire purchase contracts 105,244 181,597
Trade creditors 891,800 928,727
Social security and other taxes 54,717 56,902
Other creditors 7,459 10,027
Accruals and deferred income 4,987 27,719
1,535,624 1,670,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 225,611 243,408

HENRY WILLIAMS & SON(ROADS)LIMITED (REGISTERED NUMBER: 00606942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdraft - 155,335
Hire purchase contracts 330,855 425,005
330,855 580,340

Hire purchase contracts are secured on the assets to which they relate.

Bank borrowings are secured by a fixed and floating charge over the company's assets.

9. RELATED PARTY DISCLOSURES

As at the 31 December 2023 the sum of £231,000 (2022:£174,000) was owing to the director Mr S R Williams. No interest was payable on the loan during the year ended 31 December 2023, and the loan is repayable on demand.

As at the 31 December 2023 the sum of £238,854 (2022:£225,593) was owed by Henry Williams & Sons ( Holdings) Limited to the company. No interest was payable on the loan during the year ended 31 December 2022, and the loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Henry Williams & Son ( Holdings) Limited, the parent company, registered office 3, Grove Road Wrexham LL11 1DY.