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REGISTERED NUMBER: 04089940 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

D C WILLIAMSON LIMITED

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)






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


D C WILLIAMSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D C Williamson
Mrs A G Williamson





SECRETARY: Mrs A G Williamson





REGISTERED OFFICE: Barn Farm
Wix Road
Bradfield
Manningtree
Essex





REGISTERED NUMBER: 04089940 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 596,461 573,529

CURRENT ASSETS
Stocks 5 877,553 1,037,722
Debtors 6 150,775 288,992
Cash at bank 9,909 5,573
1,038,237 1,332,287
CREDITORS
Amounts falling due within one year 7 1,083,797 1,254,358
NET CURRENT (LIABILITIES)/ASSETS (45,560 ) 77,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,901

651,458

CREDITORS
Amounts falling due after more than one year 8 522,267 550,503
NET ASSETS 28,634 100,955

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,534 100,855
SHAREHOLDERS' FUNDS 28,634 100,955

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.

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

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 30 June 2024 and were signed on its behalf by:





D C Williamson - Director


D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

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

1. STATUTORY INFORMATION

D C Williamson 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period and also have been consistently applied within the same accounts.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress has been valued at cost based upon the work carried out at the balance sheet date.

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.

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

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 24 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 128,950 1,109,720 13,083
Additions - 149,536 -
Disposals - (40,000 ) -
At 31 December 2023 128,950 1,219,256 13,083
DEPRECIATION
At 1 January 2023 100,180 621,694 10,016
Charge for year 12,895 94,832 459
Eliminated on disposal - (35,000 ) -
At 31 December 2023 113,075 681,526 10,475
NET BOOK VALUE
At 31 December 2023 15,875 537,730 2,608
At 31 December 2022 28,770 488,026 3,067

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 61,312 7,625 1,320,690
Additions - - 149,536
Disposals - - (40,000 )
At 31 December 2023 61,312 7,625 1,430,226
DEPRECIATION
At 1 January 2023 7,646 7,625 747,161
Charge for year 13,418 - 121,604
Eliminated on disposal - - (35,000 )
At 31 December 2023 21,064 7,625 833,765
NET BOOK VALUE
At 31 December 2023 40,248 - 596,461
At 31 December 2022 53,666 - 573,529

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 22,597 13,037 35,634
Additions 61,273 - 61,273
At 31 December 2023 83,870 13,037 96,907
DEPRECIATION
At 1 January 2023 10,800 6,641 17,441
Charge for year 1,768 1,601 3,369
At 31 December 2023 12,568 8,242 20,810
NET BOOK VALUE
At 31 December 2023 71,302 4,795 76,097
At 31 December 2022 11,797 6,396 18,193

5. STOCKS
2023 2022
as restated
£    £   
Work-in-progress 877,553 1,037,722

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 129,616 242,189
Other debtors 21,159 46,803
150,775 288,992

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 313,998 252,251
Hire purchase contracts 20,283 5,946
Trade creditors 345,419 745,661
Taxation and social security 7,299 8,264
Other creditors 396,798 242,236
1,083,797 1,254,358

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 194,634 244,735
Hire purchase contracts 64,403 11,038
Other creditors 263,230 294,730
522,267 550,503

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 46,784 109,226
Other loans more 5yrs instal 103,230 134,730
150,014 243,956

D C WILLIAMSON LIMITED (REGISTERED NUMBER: 04089940)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 508,632 496,986
Hire purchase contracts 84,686 16,984
593,318 513,970

Bank borrowings are secured via a personal guarantee from the Directors.
Hire purchase borrowings are secured on the assets themselves.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who hold between them 100% of the issued share capital.