Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11060410 Mr Paul Williams Mrs Helen Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11060410 2022-11-30 11060410 2023-11-30 11060410 2022-12-01 2023-11-30 11060410 frs-core:CurrentFinancialInstruments 2023-11-30 11060410 frs-core:Non-currentFinancialInstruments 2023-11-30 11060410 frs-core:BetweenOneFiveYears 2023-11-30 11060410 frs-core:MotorVehicles 2023-11-30 11060410 frs-core:MotorVehicles 2022-12-01 2023-11-30 11060410 frs-core:MotorVehicles 2022-11-30 11060410 frs-core:WithinOneYear 2023-11-30 11060410 frs-core:ShareCapital 2023-11-30 11060410 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11060410 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11060410 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11060410 frs-bus:SmallEntities 2022-12-01 2023-11-30 11060410 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11060410 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11060410 frs-bus:Director1 2022-12-01 2023-11-30 11060410 frs-bus:Director2 2022-12-01 2023-11-30 11060410 frs-countries:EnglandWales 2022-12-01 2023-11-30 11060410 2021-11-30 11060410 2022-11-30 11060410 2021-12-01 2022-11-30 11060410 frs-core:CurrentFinancialInstruments 2022-11-30 11060410 frs-core:Non-currentFinancialInstruments 2022-11-30 11060410 frs-core:BetweenOneFiveYears 2022-11-30 11060410 frs-core:MotorVehicles 2021-12-01 2022-11-30 11060410 frs-core:WithinOneYear 2022-11-30 11060410 frs-core:ShareCapital 2022-11-30 11060410 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11060410
P.D. Williams Construction Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11060410
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,056 5,535
11,056 5,535
CURRENT ASSETS
Stocks - 10,250
Debtors 5 11,633 8,891
Cash at bank and in hand 4 1,698
11,637 20,839
Creditors: Amounts Falling Due Within One Year 6 (5,655 ) (14,864 )
NET CURRENT ASSETS (LIABILITIES) 5,982 5,975
TOTAL ASSETS LESS CURRENT LIABILITIES 17,038 11,510
Creditors: Amounts Falling Due After More Than One Year 7 (21,447 ) (11,311 )
NET (LIABILITIES)/ASSETS (4,409 ) 199
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (4,509 ) 99
SHAREHOLDERS' FUNDS (4,409) 199
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Williams
Director
30/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.D. Williams Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11060410 . The registered office is 13 Hyde Road, Paignton, Devon, TQ4 5BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 3 (2022: 3)
3 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 December 2022 8,649
Additions 13,820
Disposals (8,649 )
As at 30 November 2023 13,820
Depreciation
As at 1 December 2022 3,114
Provided during the period 2,764
Disposals (3,114 )
As at 30 November 2023 2,764
Net Book Value
As at 30 November 2023 11,056
As at 1 December 2022 5,535
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 11,056 5,535
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,000 6,000
Prepayments and accrued income 5,508 -
Other taxes and social security 125 2,891
11,633 8,891
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,447 1,730
Bank loans and overdrafts 1,967 2,735
Corporation tax - 7,026
VAT 599 2,638
Other creditors - 732
Directors' loan accounts 642 3
5,655 14,864
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,298 4,758
Bank loans 6,149 6,553
21,447 11,311
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,447 1,730
Later than one year and not later than five years 15,298 4,758
17,745 6,488
17,745 6,488
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mrs Helen Williams 3,252 7,600
Mr Paul Williams 4,878 11,400
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 8,130 19,000
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