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REGISTERED NUMBER: OC424878 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

A WILLIAMS TRADING LLP

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


A WILLIAMS TRADING LLP

GENERAL INFORMATION
for the year ended 31 May 2023







DESIGNATED MEMBERS: Mr A P C Williams
Mrs J L Williams





REGISTERED OFFICE: Bramble Barn
Mill Lane
Weybread
Diss
Norfolk
IP21 5RS





REGISTERED NUMBER: OC424878 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,547,497 924,722

CURRENT ASSETS
Debtors 145,505 194,567
Cash at bank 3,483 607
148,988 195,174
CREDITORS
Amounts falling due within one year 331,909 849,014
NET CURRENT LIABILITIES (182,921 ) (653,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,364,576

270,882

CREDITORS
Amounts falling due after more than one year 900,109 87,222
NET ASSETS ATTRIBUTABLE TO
MEMBERS

464,467

183,660

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

ABRIDGED BALANCE SHEET - continued
31 May 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

441,714

160,907

MEMBERS' OTHER INTERESTS
Fair value reserve 22,753 22,753
464,467 183,660

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 441,714 160,907
Members' other interests 22,753 22,753
464,467 183,660

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 May 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

ABRIDGED BALANCE SHEET - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 August 2024 and were signed by:





Mr A P C Williams - Designated member

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

A Williams Trading LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery - 20%, 10% and 5% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 1,275,256
Additions 726,956
Disposals (35,000 )
Impairments (2,500 )
At 31 May 2023 1,964,712
DEPRECIATION
At 1 June 2022 350,534
Charge for year 86,001
Eliminated on disposal (19,320 )
At 31 May 2023 417,215
NET BOOK VALUE
At 31 May 2023 1,547,497
At 31 May 2022 924,722

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 107,378
At 31 May 2023 107,378
DEPRECIATION
Charge for year 21,476
At 31 May 2023 21,476
NET BOOK VALUE
At 31 May 2023 85,902

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,058,446 572,229

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

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Other creditors take priority over loans and other debts due to members.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £63,967 (2022: £313,624) to Excelr8 Motorsport LLP and was owed £67,264 (2022: £65,515) by Excelr8 BTCC Ltd, both are connected by virtue of common control.

During the year company made sales of £5,667 (2022: £26,800) to Excelr8 Motorsport LLP, £3,868 (2022: £250) to Total Track Ltd and £219,900 (2022: £67,000) to Excelr8 BTCC Ltd.